MINING.

Evening Star, Issue 15174, 3 May 1913, Page 5

MINING.

The master of the Rising Sun dredge reports ; Opening out; no bottom yet. During the month of April 19,2160z of gold, valued at £73,976, were exported from New Zealand, as compared with 35,5190z, valued at £120,552 for the corresponding month of last year. For the four months of this vear the export of gold was 109,7880z, valued at £435,958, as against 136,8950z, valued at £542,452, for the same period of last year. During the same period 353,1680z of silver, valued at £57,305, were exported, as compared with 557,3100z, valued at £56,321, for the four months of last year. A P.A. wire states that work at the Ross Goldfields mine is proceeding satisfactorily, and it is expected that within the course of a few days the famous Gassins workings, which are said by old miners to contain exceedingly rich gold, will bo reached. The management are very reticent as to what is taking place, but from reliable information to hand important developments are anticipated in the near future.

RISE AND SHINE. j In their 13th annual report the directors of the Rise and Shine Gold Dredging Company state:—As already reported, the No. 1 dredge, with new pontoons, and having been thoroughly renovated and improved, is once more at work. She was dropped down to the ground between the cuts of No. 1 and No. 2 dredges, and is now earning good returns, lire new gold-saving tables and the other improvements (such as the lengthened screen, raised drop chute, travelling hoisting gear, etc.) are giving great satisfaction, rite pontoons for No. 2 dredge (those of the old No. 1) were hauled out of the water about the middle of March, and have been thoroughly tested and overhauled; all weak places have been renewed, and replanking is rapidly progressing. The hoods in tne Clut-ha- covered the'whole of the building site, and retarded operations for a time, but most fortunately no serious harm was done. Some delay arose through difficulties in getting cartage from Roxburgh, where part of the machinery purchased was lying, but this portion of the work is now practically completed. Your directors hope to see the No. 2 dredge completed and working by July, provided no further unforeseen difficulties arise. Mr James Milne is the retiring drector. RETURNS. Karaunui: 270z 6dwt, week. Rise and Shine: 51oz 9dwt, 125 hours. Rising. Sun: 240z. Bl*ck water: 16oz sdwt, 91 hours. THE SHARE MARKET. DUNEDIN EXCHANGE. Quotations : —Dredging.— Island Block—Buy 3/, sel 4/. Manuherikia—Sel 7/. —Sluicing.— Roxburgh Amalgamated (paid)—Sel 3/6. —Quartz. — Kuranui-Caledonian—Sel 1 J. New Zealand Crown Mines—Sel 1/. New Sylvia—Sel lOd. Old Hauraki—Sel sd. Talisman Consolidated—Buy 38/6, sel 39/6. 3 ■ -■ Waitangl—Sel 6d. Watchman—Sel 2/4. Waihi—Buy 32/. Waihi Grand Junction—Buy 16/3, sel 17/. Waiotahi—Sel 1/9. Hercules—Buy 10/. —lnvestments. National Bank of New Zealand—Sel 105/. Bank of New Zealand—Buy £ll 4/. Standard Insurance Company—Sel 31/6. Union Steam Ship Company—Buy 43/, sel 43/9. Union Steam Ship Company (new issue) —Buy 31/9. Westport Coal Company—Sel 28/. Auckland Electric Tramways (pref.)— Buy 20/. McLeod’s Soap—Sel £ls. Milburn Lime and Cement (£l)—Sel 39/. Milbum Lime and Cement (new issue)— Sel 38/.

Zealand Portland Cement—Buy New Zealand Paper Mills—Sel 18/. ‘ Otago Daily Times ’ —Buy 52/. Perpetual Trustees Company—Sel 23/. Trustees, Executors—Sel 62/6. Wright, Stephenson—Buy 114/. Southland Frozen Meat (A) —Buy 75/. - Southland Frozen Meat (B)—Buy 115/. Southland Sween Meat