MINING

Lyttelton Times, Volume CV, Issue 12397, 10 January 1901, Page 2

MINING

DUNEDIN -STOCK; EXCHANGE. [Per Press Association.] DUNEDIN, Jan, 9. Sales on the Dunedin Stock ExchangerDart Elver 2s 3d discount, Electric Extended. 41s 3d and 41®, Ford’s Creek 22s 9d, Gaivuaio 32s 6d, Gentle Annie 45s'Gd and 455, Gold,, Oueen 31a Gd, Golden Bend 29s -and 295, Grand: . ; Junction 7s 3d, Grey River. 70s, Hokitika Ex-/ ; -tended Is 6d, Junction Electric 295, Magnetic 90s and 29s 6d, ’Maori King Is 9d and Is 9d, Bactolus No. 2 Is 6d, Second Magnetic .Sis,., Uoner -Magnetic 34s 9d and 34s Ga, Waikf-ka „ Forks 11s 3d, Wareaten 4-s 3d and 4s, Wood-, stock 4s Gd and 4s Gd, Yellowstone par. ■WEST COAST PROSPECTS. : I WHAT AN ENGINEER THINKS., 1 In conversation with : a representative • oi the “Lyttelton Times’’yesterday, Mx W.' H. Cut-ten, of Cut-ten .B.rcs,, stated that' he-- believed the .Hokitika--district would yield’ 'sothe-: rich:' returns. He had ; no doubt at all.about the ability,.of a powerful dredge .to deal . with the river bottom, .and he anticipated some’ good' returns when.-the dredges commenced work., The Grey Valley he also a good field, and especially the tributaries of the river. The Buller, though, perhaps not likely to give phenomenal results, would still, he thought, pay well. He believed in dredge claims being bored and thoroughly prospected before the dredge was built. He thought the practice of floating companies, to • work practically unprospected ground, highly reprehensible. Investors should make sure -of their ground. He believed the recent “ salting " case would have a good effect, and claims to be floated in future would first require to be extensively prospected by means of shafts and bores. CANTERBURY STOCK EXCHANGE. The following are yesterday’s quotations:— I gales—Grey River No. 2 7s Gd, Red Jacks par, Watterson’a Consols Is 3d and Is Gd. Buyers— A 1 26s Gd, Dobson No. 2 275,- Erickson’s Reward 7s 9d, Ford’s Creek 225, Greenstone Junction 255, Grey River Consolidated Ss Gd, Hokitika Junction 2s, Mosquito 2s. Gd, Maori Tfing 2s, Nelson Creek. 495, Red Jacks par. Ruby Creek ss, Reeftoti United 9d, Teremakau par, Watterson’s Consols Is, Woodstock 3s 3d. Quartz—Croesus Is. Sellers—Caledonia 5s Gd,. Claugbesey’s Freehold par. Commissioner’s Elat par, Erickson's Reward 9s, Great Wood-" stock Is Gd, Grey River Consolidated 4s 9d,, - ! Grey River No. 2 7s Gd, Grey River Extended j 3s, Grey Monarch es, Hokitika Junction 2s 3d, i Hokitika River 15s, Koh-i-noor Extended Is Gd, ! Moonlight par, Mosquito 3s, Maori Gully Is, i New River IXs 3d, Notown Creek Bs, North. ! Beach 4s, Pactolus No. 3 Is, Perry's Reward i Is, Red Jacks 3d, Ruby Creek Ss, Eeeftoa i United 25,-Smith’s Creek and Bannockburn . | 3d discount, Sullivan’s Lead par, Tacon’s Car- ; drona par, Teremakau 9d, Trafalgar 11s Gd, ; | Victory Bs, Waimea Gd discount, Watterson’s j Consols Is Gd, Westland Is, Waipuna Creek ; par, Yellowstone Gd. Paid—Al 235, Dobson i No. 230 s, Ford’s Creek 23s Gd, Greenstone j Creek 355, Grey River 80s, Nelson Creek 565, j Reeves’s Proprietary 31s. | Mining investors from all parts of the colony ■ i have taken advantage of the holidays to visit j the West Coast, and,, in consequence, several I fresh, claims have been pegged out. ~ j The Dobson No. 2 dredge has now been 1 floated into mid-stream, but, as stated : in a | telegram from the West Coast yesterday, can- ■ not begin operations, owing to the height of the river. i Mr W. H. Cutten, of Gotten Bros., .- who is at .present in . -Christchurch, ; will leave shortly. , for „ New , South 1 Wales, where the majority _ of the dredges i being built are the work of his firm. He con- | aiders there is a very large field for dredging in ■ Australia, but that water cannot be obtained i where the richest gold is to be found. Boring i, experiments, he stated, had shown some splen*. i did gold in the Shoalhaven and other districts. :, Telegrams from the West Coast yesterday, state that the rivers are rising, and dredging , j operations on several rivers have been dis- ! continued owing to the height of the. vrater. ,