MINING.

Evening Star, Issue 15075, 6 January 1913, Page 6

MINING.

The Dunedin Stock Exchange resumed business this morning. There was onlv one sitting during the morning. The Molyneux River was 'at the 7ft mark at Alexandra this morning, according to the postmaster’s wire. The weather was fine. The Good Chance dredge was to have resumed dredging on Friday night. A good face has been opened up in the hank portion of the claim, and it is anticipated that dredging will be continued at the claim until the river falls to below the 6ft mark at Alexandra bridge. The master of the Hartley and Riley dredge wired this morning*:—■* Started dredging at midnight.” In a recent report the master of the Success dredge states that he looks forward to a more prosperous year now that the big bend is worked out and the dredge is heading lip stream. From a practical point of view there must be richer ground now that the big boil at which the dredge has been working so long is worked out. In his last report the master of the Masterton dredge states that after cleaning up one cut on the western section the dredge was shifted to the eastern section. The wash on the western section was still looking poor. Owing to the quantity of mud to be cleaned up on the western section the dredge did not get up much wash, and it has become poorer. AUCKLAND GOLD YIELD. The ‘ Herald ’ states that the returns reported from the gold mines in the Auckland .district during the past month totalled £85,625. This, when compared with the aggregate for the previous month —namely, £s2.93s—represents the large increase of £52,690. The increase was duo to the fact that this includes the first return from the Waihi mine received after the strike period. As compared with the the corresponding month of Inst year, the past month s yield shows a decrease of £8,239, the total for that neriod beine £93,865. The past month’s yield completes the figures for the first 11 months of 1912, and brings the total value of the bullion produced in the Auckland district during the period to £693,580, as against £1,049,720 for the corresponding period of last year. The great decrease of £356,129 shown for the 11 months of this year is entirely duo to the stoppage of work in the Waihi and Waihi Grand Junction mines during the strike, which lasted six months. Of the past month’s total the Ohinemnri field contributed £80.758, Thames field £4.180, and the Coromandel field £677.

THE SHAKE MARKET. DUNEDIN EXCHANGE. Quotations : —Dredging.— Blackwater (cont.) —Sel 4/. Electric —Buy 4/. —Sluicing.— Roxburgh Amalgamated (paid)—Sel 5/. • —Quartz. — ' New Sylvia—Buy 1/. Talisman Consolidated—Buy 35/. Waihi—Buy 32/6, sel 34/6. .Waihi Grand Junction—Buy 22/3. —lnvestments. National Insurance Company—Buy 41/6. New Zealand Insurance Company—Buv 94/3. " • Union Steam Ship Company—Sel 46/6. "Westport Coal Company—Sel 27/3. Milburn Lime and Cement (£ll—Sel 40/6. New Zealand Drug Company, Ltd. (£2) —Buy 49/, sel 50/6; Perpetual Trustees Company—Sel 23/6. Wright, Stephenson—Buy llOi*