MINING.

Lyttelton Times, Volume CV, Issue 12478, 18 April 1901, Page 2

MINING.

• WEST COAST NOTES. [From Our Correspondent.] GKEYMOUTH, April 17. In consequence of the floods, all uredging is suspended, but all the dredges are safely moored. The 'New Eiver dredge had a particularly rough time of:, it, that stream being very high. Nelson also a 'torrent, but the dredges are welFmobred. The Waipuna dredge, as the witer subsides, ■will he able to improve her posiiiori, which 'was had. The Grey River dredges are riding safely. Both the Greenstone dredges are well protected. The Junction had just got fairly faced into the river, but the Greenstone Creek dredge has been, right'in 'the current for some time. The result, of 'Saturday's wash up 'has been kept' secret. iMikonui River ■Company's ground has proved too deep for dredging. The Waimea Gold 'Dredging Company is now sinking shafts on the middle branch of the flat. The first shaft was sunk close,to the hillside, and a false bottom was struck at a depth'of 12ft. After sinking .about 1 30ft, it'had tp.be .abandoned, on account of water.' ; Ati attempt will be mad,e to sink two'more •shafte.'.V' 1 .; [Pee Press Association.]. ' :' HOKITIKA, April 17. The Mont d'Or Company has had a plentiful water supply during the last few days, but unfortunately it came 'too late to admit of washing up for the directors' meeting tonight. However, it is only a question of a few days' more sluicing when the fifty-seventh dividerd will be declared. Boring operations are still being conducted on the • Hokitika

■Expended Company's claim. The results,' so far, have not been made known. Tha raius during the last twenty-four hours may have the effect of causing operations to be suspended. Mr M'Queen, engineer to the Commissioner's Flat Company, and Mr 11. Bignell, contractor, were engaged yesterday on the company's claim arranging the site for the construction of pontoons. The prospecting done by the Keystone borer on the Mikonui River Dredging Company's claim has proved that the ground is .too deep for profitable dredging. A considerable quantity of machinery for the Tcrcmakau and Greenstone Companies has been landed at the Kumara railway station', and is now.being carted to the respective ciaims. OTAGO NOTES. [From OpR Correspondent.] - DUNE-DIN, April 17. There is a decided slump in tho share market. Shares in the Central Electric Co., which last week brought 74s 6d, to-day dropped to The operations of righting the Morning Star dredge at Alexandra will be started 1 immediately, arrangements having been made with Messrs Knewstubb Bros. The dredge should be working again in a. fow days. ■ [Per' Prkss Association.] DUNEDIN, April 17. Thero was a heavy rise in the Clutha, last night. At Clyde tho river rose six feet, and all dredging operations have been suspended. A telegrjm was received to-day that the Tawarau 'River rose- 15ft last night. The Galvanic Company's dredge has sunk, and is sft under water. DUNEDIN STOCK EXCHANGES. DUNEDIN, April 17. Duncdin Exchange sales alt premium—lsland Creek par, Maori King 2s 3d, Perry's Reward 6d. Paid up—Alpino Consols 42s 3d and 42s 6d, Alpine 11. 40s, Bald Hill- Fiat 10s, Boundary Creek 18s, Central El.ectric 555, Electric Extended 40s, 39s 6d, 395, 38a 6cT, 3Ss 9d, 335, 38s 6d, 38s 9d, 39s and 39s 3d, Enterprise £5 ss, First Chance 27s Sd, 28s, 28s 6d and 38s 3d, Fourteen-mile Beach 325, 32s Cd, 32s and 32s €d, Galvanic lis 9d, Golden Bed 23s 6d and 23s 9d, Golden Link 19s 9d, Kelly and Casey 30s, Kecvcs's Proprietary ,12s 6d, Sailor's Bend 34s and 34s 3d, Second 'Magnetic 20s, Teviot 17s 6d, Upper Magnetic 225, 21s 6d and 235. Otago Exchange paid up—Electric 52s 9d, Gold Queen 2Qs, Mokoia 23s 6d and 22s 6d, Upper Magnetic 235. ~ Equitable Exchange paid up—Moa Flat 19s.

CANTERBURY STOCK EXCHANGE. The'following are yesterday's quotations oi the Stock Exchange of Canterbury:—Al, buyers 20s, sellers 24s pd; Buller Junction, sellers lisp; Croesus (quartz), buyers 2a, sellers 3s; Dobson No, 2, sellers 13s pel; Electric, sellers 53s 6d pd; Golden Gravel, buyers 17s, sellers 20s pd; Greenstone, sellers 21s 6d pd; Great Woodstock, sellefcs ■ par; Greenstone Creek, sellers 31a pd; Greenstone Junction, sellers 25s pd; Grey Kiver, sellers 28s'6d pd; Grey River Extended, sellers par; Grey Monarch, sellers par; Hokitika, Riveri sellers 8s 6d p; Mokoia, sellers 26s;;pd;'.Maori''" "King, buyers 23 p'; Maori Queen, Sellers :37s 6d pd; Nelson Creek, sellers 675,". 6ct pd;. New River, sellers 9s 3d pd; Orwell Cfe'ek;; ; selters" 2&3 pdi Eactolus No. 2, sellers Is 6d p; ; Pactolua No. 3, sellers 3d p; Perry's? Rewaid, buyers Ocl dis, sellers 3d p; Red Jacks, buyers 24s 9d, sellers 25s pd; Reeves Proprietary, sellers 16s pd; Sailor's Bend, buyers 35s pd; Smith's

Creek and Bannockburn, buyers.l2s 6d; Tcremakau, sellers 3d dis; Vincent Extended, buyers 355, sellers 40s pd; .Victory, sellers 7s p; Yellowstone, sellers par. . _ . L .„ .