MINING.

Lyttelton Times, Volume CVI, Issue 12556, 18 July 1901, Page 2

MINING.

[Per Press Association.] AUCKLAND, July 17.

At the midday call of the Stock Exchange,' to-day, the -Chairman,' Mr G. A. mttue, referred to the disclaimer of the, Dunedin Stock Exchange as to having taken the initiative in the matter of the proposed amendment of the Stamp Act. Correspondence received showed, ho said, that, the initiative in the mavter was'-taken by the Du-ftcdin -Excnarge, and now they -were trying lo throw (he onus upon the Government. If the Government had simply taken the matter up, then he fc.t that the Government had acted very wrongly in ignoring 'the Auckland Exchange entirely. He certainly thought they ought to resent the action of the Dunedin Exchange in this matter) in first taking the initiative and then seeking id cast the 'blame upon the Government. He thought that the 'Auckland Exchange had acted wisely in deciding in favour of no alteration in the -Stamp Act, but if the Government decided to do ao, the various exchanges of the colony should be consuliec].

WEST COAST -NOTES.' ' [From Our Correspondent.] GRBYMOUTH, July 17,

The contractor for building the pontoons for the Welcome Company has finished work. The dredge is of much the same design and intensions as the Premier, and should commence operations, in about ten weeks. . The claim consists of 100 acres, and has been surface prospected, with the result of nearly eight grains to' the cubic yard. The average depth of the'wash is about twenty-five feet. Mr Fache (late of the Waipima dredge) has been appointed dredgemaster of the North Beach dredge. The contractor for the erection of the machinery on the Premier, dredge will shortly make a start. This area has been prospected by the Cdcksparrow dredge, which obtained 350 t! from about four thousand cubic yards. . ■ The timber for the construction of pontoons for the Mosquito ‘Company is nearly all qn the claim. The site for their erection has been cleared, and a start with the construction is expected to-he made shortly. • The Greenstone Junction dredge was floated on Monday morning, and started dredging, at oon. It will take the rest of the week to dear the accumulated silt out of the padd«k, so no return heed' be expected for some t me. The [Ruby Creek dredge is about completed, *id is only waiting for a slight fresh to be i) orted dc’.m stream to the lower boundary of the claim, where she will'start operations. The steamer Waverley brought a large quantity of dredging material for the Premier and Ruby. Creek dredges, including a boiler for the former company.

DUNEDIN STOCK EXCHANGES. - [Pee Press Association.] ...... DUNEDIN, July 17. _ Dunedin Exchange sales:—Alpine 11. 43s M, 46s fid, 47a, 47e fid, 47s 3d, 48s, 48s 3d, 47s 9d and 47s fid, Bendigo 26s fid, First Chance 375, 36s 9d and 355, Fourteen-mile

Beach 41>a 3d, 44s 6d, 44s sS, 455, 44s Sd, 43s 9d, 43s 3d, 43s and 42s 6d, Junction -Electric. 31s 9d and 325, Leviathan 16s Gd, Pactolus 255: 6d; Peeves’s Proprietary -18 s 6d and 13s 3d, River .'Molyneux 235/ Sixteen-mile Beach 16s 3d and' 16s, ■ Vincent 375, 33s 9d and 395, Vincent Extended 28s Gd. Otago Exchange—Cairainuix 26s 3d, Msrrimao Us 3d,'Sailor’s Bend.' 52s 6d. . Equitable Exchange—Boundary _ 'Creek 18s Gd, Electric'47s 6d, Upper -magnetic 15s. ‘ OTAGO NOTES. [From Oun. CoRKEsroKDEKtr.I DUNEDIN, July 17. ■ , The Dobson No. 2 Company has decided- to go into liquidation. '* . ’’ CANTERBURY STOCK EXCHANGE. The following are yesterday’s quotations of the Stock Exchange of Canterbury :—AI, sellers 20s ■ pd; Ahaura River, Sellers 5s p; Alexandra Eureka, sellers 30s pd; Alexandra Lead, sellers 40s pd; Buller Jixn'otion, sellers 6s Gd p; Blaokwater River, . tellers Is dia; 1 ■Ford’s Creekj -sellers 10s Gd pd;' Fourteen-mile Seech, buyers 43s pd, sellers 45s pd; Garibaldi, gellere par.Golden-.Molyneux, ■ sellers par; Greenstone Creek, sellers 29s pd;. Grey River, sellers 23s Gd pd; Hokitika River, buyers 19s pd; Leviathan, sellers' 21s. pd; Mokoia, sellers 21s 6d pd; Nelson Creek, buyers 59s pd; New River, buyers 4s Gd- pd, sellers 5s Gd pd; Three-mile Greenstone, buyers 18s 3d pd,' sellers 20s pd; Waipuna, scllera 9s 6d pd. ...