MINING.

Evening Star, Issue 15137, 19 March 1913, Page 6

MINING.

The Ri*e and Shine dredge -worked :i cut of 70yds last week, making 16ft ahead. The ground, which was 46ft deep, was very poor. Owing to the rise in the river the Electric No. 1 dredge has proceeded to ground on the Bannockbum side of the river. There will not, in all probability, bo a wash-up this week. During the past 10 days the Muddv Terrace claims have been* fully supplied with water., and three have been in operation. Prospects at the Karannui claim are not looking as good as they were recentlv. The crew of the Electric No. 2 dredge have been suspended, the ground proving too deep in the present state of the river. _ The secretary of the Xokomai Hydraulic Sluicing Company reports that owing to an: insufficiency of water No. 1 did not get a start. As soon as Xo. 5 has finished blowing tailings, Xo. 1 will utilise the Lion water. Xo. 2 finislied blowing off top material to a depth of 25ft. Xo. 3 washed up on Friday for a return of 2830t:. AH the plant has been got out of the old paddock ready for shifting lower down the claim.

The Waikaia dredge is still going west and is now parallel with the downward cut lnere is no change to report except that the timber has given out, enabling bettor time to be made. THE SHARE MARKET. DTJNEDIN EXCHANGE. Sale on 'Change: MiJbum Lime |10s), n /n n l , "ported: New Zealand Drug, 49s 9d. Quotations: —Dredging.— Blackwater (cont.)—Buy 4/5, sel 5/9 Electric—Sel 5/6. * Golden Bed—Buy 8/. sel 11/6. Hartley and Rilev—Sel 10/. Island Block—Buy Bd. Paetolus—Buy 5/6, sel 5/. Rise and Shine—Sel 29/. Rising 'Sun—Sel 30/. Sailor's Bend—Sel 4/6. —Sluicing.— Muddy Terrace—Sel 15/. Roxburgh Amalgamated (paid)—Sel 3/3 Ross Goldfields—Sel 6/. ' Xokomai Hydraulic— Buy 21/6. eel 24'. —Quartz. — Kuranui-Caledonian—Sel I'. Talisman Consolidated—Buv 35/ 6C i 55/6. Watchman—Buy 2/2. sel 2/6. Waihi—Buy 31/, sel 51/9. Waihi Grand Junction—Buy 20/6 Waiotahi—Sel 2/3. ' Mount Lyell—Sel 25/. —ln vestments. Xational Bank (new issue)—Sel 20'6 National Rank—Sel 115/. National Insurance Co.—Buy 45'. N.Z. Insurance Co.—Sel 104'. Union Steam Ship Co.—Sel'44/3. Union Steam Ship Co. (new issue)—Sel 25/3 pm. West port Coal Co.—Buy 27/, sel 27/6. Milburn Lime and Cement (£l)—Buv 38/, sel 59/6. l / 7 " Milburn Lime and Cement (10/)—Bnv 27/3, sel 27/6. l ' * s's' sruS5 ru S Co - T ' td - (rights)-Sel 2/ pm. N.Z. Portland Cement—Buy 17/. N.Z. Paper Mills—Buv 18/5. sel 20/ •Otago Daily Times'—Buy 52/. Trustees, Executors— Sel 61/6. Wright, Stephenson—Buj 112/9,