MINING.

Lyttelton Times, Volume CVI, Issue 12573, 7 August 1901, Page 2

MINING.

, .■WEST COAST NOTES. [gEOii (JOB. CJOIinKSI'ONDjiMX.J ; GEEY-M’OUTH, August,,6; ’ . The share market continues depressed, whir pu? sign of" vitality, and the occupation'of the ‘sharebroker, is a mere' nominal- one, but pro spects are certainly very good, and if the iirll only acta .as a curtailment to the .pure gambling over' shares that : has__takec!i' place, the slump will.bo a blessing in disguise, and will free the incfustiy from an undesirable incubus, The returns ijbr last Saturday amounted to, nearly 2200 z, -and. this, with no return "from Builer Junction, Ford's Creek, Grey Elver and. Island; Creek. This week T am • perfectly-safe in predicting; .an increased yield of at least, 25 per cent,- indications- from. ; two or .three . claims already warranting thia : statement.. -■ 1 'The : New" Elver dredge shows ho improvement, and I scarcely expect any improvement from .: Ahaura Elver, Grey Kiver, Nelson Creek, Bactolus, . Leviathan and. Grey . Consolidated should give bettor yields, while the ■Builer and Greenstone dredges are ad -expected to show .an advaa;ceme»t. • ■The Hau-ELau dredge met with a mishap, ■and started to leak on Saturday, but it is understood;'that everything was put ■ right again, to-day. . " - ■ ; DUNEDIN STOCK EXCHANGES. ; [Per Truss Association.] . -• ■-- > DUNEDIN; August- 6:;-; D •Dunedin Exchange sales—'Cairnmuir 21s _ 3d! ■and 20s . 6d,; .Central Charlton Sa 9d, First-; Chance- 23s led, Four teen-mile .Beach _27s, 2Gs 9i 27s 26s 9d, 2Gs €d \&nd 265, 'G-oldcn Bed 17s Golden 'River 44 3d, Great Central 203, Junction. Elect-tie : 325, ‘ Sis 9d and 82s, Long Valiev-22s 6d, Nelson:Creek -53 a 9d, Upper -Magnetic 4s. 9d, 4a. 3s 9d, 8s 10Jd, 4s 'and 3s ibid, Vincent 225, Vincent'Extended 19s. ” . . Otago. Exchange—Alpine Consols 30s 6a,-Moht-e Christo 29s 3d;; ! ...ganterbuey -STOCK exchange. The following are yesterday’s quotations of the Stock ExnWnge ot Canterbury'At, sellers ■2ls- pd;'. [Builer. Junction,.-sellers 4s 6d‘ p; Garibaldi;. sellSs 2s discount; Greenstone 'Cre'eli; ‘ sellßr4’ 'SCiV- pd; Grey 'Elver -Extended,sellers par; Leviathan, sellers 17s pd; ilokora, .sellers 21s' pd; Eeeves’s P-iopriotaiy, sellers 11s pd; Ruby Creek,., sellers 20s pd; IVaipuna, sellers 5s pd; Welcome, sellers 20s pd; Westland, sellers, Is discount. , At a mealing of the directors of the Beeves’ Pronriet-ary Gold Dredging .Company, Limited, held on Monday -lasi,’: Hr. James Trent was elected a .director; -to fill the vacancy caused by ,-the death of Mr. E. S. Harley. The directors decided that if the -returns kept up, they would be hi a position to .declare a dividend at their next meeting. The past week’s return would have been a record one, only for the. flood in -the river bringing down -a lot of shingle, causing forty hours’ working to clear

this away, the - consequence being a return of 21’cz for f? 6 hours only in the wash.