MINING.

Otago Daily Times, Issue 13421, 23 October 1905, Page 6

MINING.

The senrelaiy advi;<y that (lis Waimunvu Queen and Waikaka Queen dredg«3 were bolli under repair last week.

he 0 older. Run dredgemaster reports -KK?hing-up for a rolurn of 68oz for 12f hours' work. In tin early part of the week Ivo diifts were lost .cjeirtmg out tlie bbiler and effecting a few small repairs. " Tlio secretary of the Otago Comoany advises that 110 returns r.re yet to hand." Word was received 011 Saturday, however, that the No. 2 dredge hatt met with an accident to her m ladder on Friday. but T the. extent pi ilie dam&go has not yet been ascertained. This probably accounts'{or the returns not being telegraphed as usual.' 'Hie secretary of the New Roxburgh Jubilee Company reports that the new driving pulley was fitted on aud dredging resumed on Wednesday las}. As most of tlio remainder of the week was occupied in opening out there was no wash-up. The secretary of-the Now. Roxburgh Jubilee Dredging Company reports that the new driving pulley was fitted and dredging started on Wednesday! The dredgemaster reports that as most of the remainder of the week has been occupied in opening out, he does not wash-up tins week.

THE "WEEK'S DREDGING RETURNS,

During the week ended Saturday October 21, returns wero reported from the following dredges:—

tu , • „ Oz- dwt. gr. Electric No, 2, Cromwell, week 88 1 0 Golden Eed, Miller's Flat, 130hrs 76 i o Electric No. 1 Cromwell, 13-?hrs 74 19 0 Golden Run, Miller's Flat, 121hrs ... Q8 o o Waikaka United No. 1, Waikaka., 130hrs 68 18 0 Punt, Clutha River, llOlirs .. 52 14 0 •Sandy ■ Point, Alexandra, 12Shrs 4G 8 0 Rising Sun, Up, Clutha, 125lirs 43 17 0 Rise and Shine No. 2, Upper Clutha, I:1llirj 39 q "Wai'naia, "Wnikaia, I.l9hrs .... 0 0 Waikaka, Waikaka, 131hrs .. 32 it 0 Hi.se and Shine No. 1, Upper Clutha, week .. .. .. .. 32 0 0 Centra.! Charlton, near Gore, 137hrs 30 17 0 Lady Roxburgh, Roxburgh, week 30 2 0 Revival, Clutha River, 134hrs ~ 27 G 0 Muddy Creek, Waikaia, week .. 26 2 0 Junction Electric, No. 2, Cromwell 04 14 0 First Chance, below Alexandra 24 0 0 Mata.u, Clyde, week 23 10 0 Riley's Beach, Cromwell, week 23 0 0 Hessey's, Waikaia, 13Ghrs .. .. 22 9 0 Ngapara No. 3, Nevis River, ISOhrs _ 21 0 0 Hartley and Riley, Cromwell, 13Ghrs 21 0-0 Alexandra Lead, Alexandra, UOhrs 20 0 0 Waikaka United No. 2, Waikaka, 131hrs 18 17 0 Ettrick, Roxburgh, 159hrs ~ 18 0 0 Lady Annie, Waika.ia, ]35hrs .. 15 9 0 Junction Electric No. 3, Cromwell U 7 0 Utper Wa.ipori, Waipori, l-llhrs 13 1 0 Charlton Creek, nr Gore, week 13 0 0 MncCharlton, nr Gore, 137hrs .. 10 1 0 Total .. .. 1015 5 0 Tim West Coast. Psetolus No. 2, 133hrs .. .. 121 5 o Jajnieson's Reward, week .. 57 0 0 Paetolus No. 1, UGhrs .... 52 15 0 New Trafalgar, 122lirg .... 43 0 0 No Town Creek No. 1, l"3hrs 37 0 0 Three-mile (Greenstone Creek) llolirs 28 0 0 Reeves's Proprietary No. 1 10-llirs 2G 0 0 SJnb Hut. 120lirs 18 O 0 Be ft veVa Proprietary Ko. 2, 117hrg ~ 15 3 0 Total 395 3 0

DUNEDIN STOCK EXCHANGE. Saturday morning's market found values in tho majority of stocks firm' in tone. Thero wos not, however, any very great inclination for business, and three sales in mining stocks and one in investments constituted the mornjug's turnover. The first stock touched on ' was Golden Bed, values showing another decided rise, and a sale transpiring at 9s, with additional buyers at tho close at the same figure, and sellers ».t 9» Gd. The return, for the past week of 7Goz shows a still further improvement. and as a result a dividend should soon he fortneoming. Golden Runs were a shade easier, and a parcel changed hands at 395, but for additional parcels placed on tho market at 39s 9d there was no inquiry Masferfous (ex a dividend of 4i.) were sought after at 42s 6d without, result, while in Mystery Flat quotes were eomewhat wide. A holder was prepared to accept- 31s for Otagos—-a price Is higher than that v.-liioli buyers were offering on Thursday. In investment- stocks Bank cf New Zealands are at present receiving some prominence, and a parcel of them changed hands on Saturday at £6 15s. A few days back buyers were only offering fG, and the present rise in values is indeed Hidden. Upon this the recent tale by tender of 13,783 forfeited shares has donbtle?fl some bearing. A number oi those tendering did so at less than £G Is, somo as low as £1 Is, and as no allotine l were made to these, a number of tenderers were of course disappointed. The probability is that a. number of these disappointed oneii aro determined to liavo their shares, even if it is necessary to pay a very much higher figuro, this, perhaps accounting for the inquiries at £6 14s and thereabouts. Again, specula-tors who were successful in securing shares at the recent sale—and a number of purchases and offers were made , with a. view to speculation—will naturally give every -assistance in putting up the prices, with a view, of course, to disposing ot an enhanced figure. It is hardly likely that expectations of a r:=e in the rate of bank interest are responsible tor the hardening in this stock, for wctc it defintely decided to raise the interest, one would be inclined to think that, as would b; the proper thm«, mention of it would have been made prior to the disposing of these 13,753 forfeited shares. Sales made ou Saturday were:—Golden Bed, 9s; Golden Run, 395; Island Block, 7s; Bank of New Zealand, £6 los.

Tho following are Saturday's quotations, subject to the usual brokerage:— Alexandra Bonanza—Sellers 3s 3d. Alexandra Lead—Buyers Gs 9d, sellers 7s. Alpine No. 2—Buyers Bs, sellers 9s. Chicago—Buyers 14s Gd, sellers 15s. Dunstan Lead—Sellers 7s. Electric—Buyers il Gs, sellers £1 9s. Enterprise—Buyers Bs, sellers 9s Gd. Golden Bed—Buyers 9s, sellers 9s Gd, Golden Run—Sellers £1 19s 9d. Island Block—Buyers 7s, sellers 7s 9d. Junction Electric—Sellers ss. Ma.sterton—Buyers £2 2s Gd. Mystery Flat—Buyers £1 12s Gd, sellers £1 16s v New Trafalgar—Buyers £1, sellers £1 2s Gd. Otago—Sellers £1 14s. Riley's Beach—Buyers Gs 9d, sellers 7s Gd. Sandy Point—Buyers £1 4s Gd, Unity—Sellers 3s. Upper Waipori—Buyers 3s Gd. Waimumu—Buyers 2s, sellers 4s. Big River—Buyers 9s 9d, sellers 10s 3d. Keep-it-dark—Buyers XI 10s, INVESTMENT STOCKS. Bank of New Zealand—Buyers £G 14s. National Insurance—Buyers £1 2s. Perpetual Trustees Sellers 17s 6d. Mosgiel Woollen—Sellers £). Otago Daily Times—Buyers £IS. Godwa-rd's Pin—Sellers 2s Gd.

THE WEST COAST. (Fkou Ode Own Correspondent.) GREYMOUTH, October 22. A representative gathering of Brunncr residents was held ou Thursday evening for the purpose ot considering the. advisability of forming a syndicate to take up the lease of 100 acres of ground known »s Curtis Victory, on the Paparo'a Ranges, from-which yields were obtained while the reef lasted. Various speakers dwelt on the richness of the reef known as the Bonanza, and later on as Curtis, and the rich specimens found in the various creeks. In the past a good deal of prospecting has been done, but all present were perfectly satisfied that the tunnels were too high up the hill, and that the only way to prove the ground was to be put in a low tunnel. It was resolved that a prospecting • association be formed for the purpose of driving a low level tunnel, and that" a canvass of the district he made for the purpose of enrolling those willing to contribute 5s per week for-that purpose. Already 30 residents have agreed to pay ft weekly sum of 5s each 'towards it.

Dr de Jongh's Light Brown Qpd Liver Oil—ln Weakness op Cittmip.e:.' its Efficacy is IfNEguALLED.—Thos. Hunt, Esq., F.8.C.5., late Medical Officer of Health, St. Giles' and Bloomsbury, -writes: i —'"ln badly-nourished -infant's, Dr de Jongh's Cod Liver Oil is invaluable. The rapidity with which friyo "or three teaspoonfula a day will fatten n young child is astonishing. The weight gained is three times the-weight of the oil swallowed, or more. Children generally like the taste of Dr de Jongh's Oil, and when it is given them often cry for more. Sold only in capsuled Imperial Half-pints, Pints, and Quarts by all chemists. Sole Consignees, Ansar, Harford, and Co.. (Limited), 210 High' Holborn, London.—B

Tiio directors of {he Undaunted Gold Mining Company hive declared a dividend ol 5s per share. * Bignell's Jio'Town dredge broke' her elevator on Tuesday, necessitating-a stoppage of operations for several days, so that ropairs might be effects,■ consequently there was no wash-up on Saturday. The Pactolus No. 2 dredge got 121'07. sdwt for 135 hours, and No. 1 dredge 520z lodwt. Both dredges are "working an excellent face, No. 2 having a fair run on the main lead. Junioson's Reward dredge got 570z, the result of hut four days' operations, on a fine sample of wash.

As predicted, the New Trafalgar dredge operated on an improving sample of iara=li all week, getting the good yield of 430z, with every prospect of oil improvement. The No Town Creek dredge obtained 430z. There is no material alteration to report. The Three-mile Greeiiatone dredge washed up 230z, with an improving wash, and not so rough.

The Slab Hut Creek dreilge got ISoz for 120 hours' work. Tho dredge struck a. patch of worked ground. The width of tho face was consequently decreased, but in a fortnight's time the dredge will have got past this, and' the face will be again widened.

NOTES FliOM REETON, (Froii Oor Ow.\' Coiinr.sroxnixT.) REEFTON, October 01. The Big River Company's mine manager reports for t the week:—"The face at No. 8 level has not been extended this week owing to the men being absent, Au uprise on the east block of stone cut in this level has been started, and 7ft has been risen. There is 18in of stone in the back of the rise, making back towards a. stope carrying water, which is a good indication of more stone making higher up. In the intermediate level stopes 17ft of stoDing has been, done on the reef, which is rather broken and mullocky. Fifty-two tons of stone have been raised for the week, making Si total of 316 tons to date."

Tho Alpine Company's lniro manager reports:—"We have taken out IGO tons, and stopped stoping. Four men aro cross-cutting in the rise. Two men havo been raising over No. 7 12ft for the week, making the totai distance 21ft. The track is good.