MINING.

Otago Daily Times, Issue 13516, 13 February 1906, Page 6

MINING.

—*— The master of the Wakatipu dredge (for- I merly the New Prince Arthur) wired ycster-' day that he is on hard wash, but has not' bottomed yet. A little gold is showing,.and j there will bo a wash-up on Friday. j Tho Mystery Plat dredgemaster reports that { dredging was resumed at 11 o'clock on Satur- \ day, and that everything, is working satis-i faclorily. Mr T. A. Tumbull, mining engineer, who has been for two years past engaged in managing and developing a copper milling property in Kelson, is at present in Dunedin i making inquiries . in regard to raining; .properties on behalf of .inquiring investors in London, Sydney, and Melbourne. ■ Two of the most'consistent present-day gold-' winners in Otago are the Waikaia tlnited ■ Company's two .dredges at Waikaks, Southland. The returns, though never large, are < always, more especially of late, to be found ! well up in the 40's. Dividends are correspondingly regular. DuriDg the greater part of last year the No. 2 dredge was working on a portion of ground that could possibly have beoa abandoned, but the. dredge was put through it, and paid working expenses, and more. Immediately oil completion of the 'fin gejtnig jjifo the grtaintj-pgeti,- ■

i nary returns jumped perceptibly, and, in short, both dredges are now doing remarkably well. Furthermore, the company has a long lease of life ahead of it, perhaps some 20 , years or more. To come 1« actual figures, last years.gold yield was.-21240z 15dwt, of a value of £8180 lGs 4d, and the expenditure over its.output £5129 Bs. Since registration in lebruary, 1899, the gold production has been , C795pK, of a value ol £26,166, the expenditure ( £35,dd0. and flic dividends declared £5320. On . December 31st last the company owed a small debt of £4 lis .Gd. The Milton Mirror says:—"Messrs Park Bros., Canada-Reef, washed up 3Goz on Friday 1 m? f !f™, ston6 «> hand-a wry fairrctum.- . Tho Goidbank dredge at Glonoro-is reported to be doing well. After effecting repairs, the dredge had a continuous run for a week, and 1 rttmour state* that .the. return was over 20055."1 An 'Auckland telegram states that tiio ; return from tho Now Zealand Crown Mines for 20 days in January was £2603 from 1517 , tons of ore. THE WEEK'S DREDGING RETURNS. During the week ended Monday, February 12, returns were reported from the following .34 dredges, the total yield being 9690z 4dwt 18gr, or an average of 270z per dredge:— Golden Bed, Miller's Flat, *' **" B '" *" •-, 12 « 6 0 Molyncux Kohinoor, Roxburgh, ■ Golden Run, Miller's Fiat,'Bßhrs 59 0 0 Waikaka. United No. 2, Waikaka, 130hrs 51 4 a Mastcrton, Waikaia, 124hrs ~ 48 13 0 •Waikaka United No. 1, Waikaka, 116hrs 4( ]8 o New' Perseverance No. 1, Alexandra, llShrs 37 o o Golden Treasure, Miller's Flat, 135hrs 34 0 6 Central Charlton, near Gore, 131hrs 07 2 0 Alexandra Lead/ Alexandra, 122hrs 0; ]7 „ Lady Roxburgh, Roxburgh, wk 24 16 12 . Rise and Shine No. 2, Upper Cluthft 04 j; 0 Waikaia, Waikaia, l.lGlirs .. 23 1G 0 Hessey's, Waikaia, 203hr's .. 23 0 e Waikaka Queen, Waikaka, 129brs 22 17 0 Royal Waimumu, nr Mataura,' 132hrs n, 2 10 0 Waimumu Queen, 110 Mataura, UGhrs 21 2 0 Molyncux Hydraulic, Alexandra, week ~ .'. .. 21 0 0 Ettrick, Roxburgh, 130hrs .. 21 0 0 Chicago, Alexandra, 123hrs ~ 19 13 18 Gardoh Gully, Waikaka, 6 days 19 0 0 Charlton Creek, nr Gore, wk .. 19 0 0 Muddy _ Creek, Waikaia, KBhrs IS 5 0 Enterprise, Alexandra, 136hrs .. 17 3 12 Hartley and Rilev, Cromwell, 124hrs .. .. 17 0 0 r Loch Lomond, Fraser River, wk 17 0 0 fßise and Shine No. 1, Upper j Clutha. 4 days 15 go ! Makti. Clyde, week 15 2 0 New Perseverance No. 2, Alexj andra, week 15 0 0 . Waikaka, Wnikuka., 128hrs.. .. 15 0 0 Golden Gate, Miller's Flat, wk 13 11 0 Lady Annie. Waikaia, 125hrs ~ 11 11 0 Olrig, Mannherikia, 128hrs .. 11 4 0 Dunstan Lead, Alexandra .. 11 0 0 Tobl .. ..960 4 18 i The West Coast. Pactolns No. 2, 102hrs .. ~ GS 17 0 Pactolus No. 1, 124hrs .. .. 63 18 0 Blackwator River, 131hrs ..55 7 9 No Town Creek, 4 days .... 27 0 0 j Nelson Creek, HOhrs 21 0 0 New Trafalgar, 121hrs .... 20 0 0 I New Fcddoreon, lODhrs .... 1G 0 0 Reeves's Proprietary No. 2, 113hrs 11 0 0 Total 283 2 9 DUNEDIN STOCK: EXCHANGE. Business on the Stock Exchange on Monday was characterised by tho firmness in prices and fairly good inquiry for stocks which ' characterised the market last week. The • actual transactions on 'Change were confined ' to two stocks—viz., Dunstan Lead and Golden Bed, which changed ownership at 5s and 21s 3d respectively, and the market was 101 l with sellers at about the same prices, but buyors were offerin s ft shade lower. In other stocks the market showed no very pronounced change, and wide markets ruled in a number n£ stocks. Majesties hardened a littJo at the afternoon j call-over, and a Is market divided buyers and : sellers. Electrics also firmed in the buying j and selling nuotes, and Otagos were firm at 1 about previous quotations. Molyncux Kobi- ! noors firmed perceptibly, and indications ' generally pointed to the same healthy tone '; ruling this week as last. ! Sales made yesterday were: -Dunstan Lead ss. Golden Bed 21s 3d. ■ Tho following arc the latest quotations, sub- ! ject to tho usurl brokerage: — Alexandra Bonanza—Buyers Gs 9d, sellers Bs. Alexandra Lead—Sellers 5s 6d. Bigneli'a No Town-Buyers Bs, sellers 9s Gd. Blackwater (paid)— Buyers 21s 6d. Callaghah's Creek (paid)— Sellers 14s Gd. Chicago—Buyers 12s, sellers 14s. Dunstan Lend—Sellers 5s 6d. Electric-Buyers 30s Gd, sellers 335, Enterprise—Sellers 9s. ' Ettriek—Buyers 2s, sellers 4s. Golden Bed—Buyers 20s 9d, sellers 21s 3d, Golden Bun—Buyers 30s. Golden Treasure—Buyers 50s, Hartley and Riley—Buyers 17s, sellers 22s Gd. - . Island Block-Buyers 5s 3d, tellers 6s 3d, Jamicson's Reward—Buyers 3s. Majestic—Buyors 4s, .sellers ss. Manuherikia—Buyers 20s, sellers 28s. Molyneux Kohinoor (paid)— Buyers 5s 3d, sellers 5s 9d. Molyncux Kohinoor (contrib.)—Buyers 5s 6d, sellers 6s 9d. New Alpine Consols—Buyers 12s, sellers 12s Gd. Otogo-Buyers 33s fid, sellers 35s 6d. Pactolus—Buyers 52s Gd. Rise and Shine—Buyers 20s. Sailor's Bend-Buyers 13s 9d, sellers 15s. Sandy Point-Buyers 20s, sellers 255. Unit}'—Buyers M, sellers Is. Waikaka Queen—Buyers 4s, sellers ss. Muhng. Roxburgh Amalgamated-Buyers 3s 9d. Big River—Buyers 2s>iGd. INVESTMENT STOCKS. National Bank-Sellers £6 12s 6d. Bank.of New Zealand—Buyers £8 7s, National Insurance-Buyers 23s 3d. Standard Insurance—Buvers 18s. Union Steam Ship ..Co.—Buyers £15 19s. Westport Coal—Sellers £6 "lis. New Zealand Oil and Coal-Buyers is, sellers Is 3d. . Conirocrcial Property—Sellers 7s. National Mortgage-Sellers 62s Gd. New Zealand and River Plate-Sellers 29s 9d. Now Zealand Portland Cement-Buver« 29s sellers 29s 6d. ' Otago "Daily Times—Buyers £18 12s 6d. Donaghy's Rope-Buyers £7 10s. M'Leod's Soap—Buyers £14 3s. AUCKLAND STOCK EXCHANGE. (Froh Ouk Orm Coreespo.ndeht.) ' AUCKLAND, February 12. ihe following sales were made on the Stock Exchange to-day: -Kuranui Caledonian, 3s Gd to 3s 3d, 2s lid, 2s 9d; Talisman Consolidated, 31s 3d to 31s 6d; New May Queen ■'5s 3d to 5s 4d; Waitohi. £5 19s to £0; Waihi! ,£< Os; Waihi Extended, 6s Sd: The following are the closing quotations:— Kuranui Caledonian-sellers 2s lOd, buyers is 9d; New lift Queen-sellers 5s 4d, buyers os; A'letorian—sellers Is 7d, buyers Is id£8 Is, buyers £G; Tairua Broken Hills—sellers 3s, buyors 2s lOd; Waihi—sellers £7 6s Gd, buvors £7 Gs; Waihi Extended-sellers Gs 4d, sellers Gs 3d; Waihi Grand Junction—sellers £3 lis, buyers £3 GsBunker's Hill-sellers Is, huvcrs 8d; Tali«lnan Oonaolida.-fcd—sellers £1 1U 3d, buyers £1 10s Gd; New FouT-in-Hand—sellers Is 3d ■buyers 3e. NOTES FROM REEFTON. (Fbob Our Owtr Coßß«srotnii;)rt.) REEFTON, February 12. An extraordinary general meeting of shareholders in tli© Alpine Compauy is convened - for Wednesday, 7th March, to consider the , present and future prospects of the comIpany, and obtain the opinion of'the meeting as to.the advisability of winding up volun- , tarily. A rumour is current that a party of ; Westpori speculators desires to take- over the ■mine. Several local shareholders oppose liquidafciou. An extraordinary rich find of stone is reported to have been made on the Snowy : Creek line ot reefs, adjoining tha* Tccentily discovered. Samples brought to Reefton are said to be equal, ii not superior, to any pre- . vionsly exhibited here. The reef was found i by a party, of four, and has since .been traced '.'a considerable distance on the surface. The news is causing great excitement.