MINING.

Otago Daily Times, Issue 13812, 28 January 1907, Page 6

MINING.

The JMyneux Kohinoor Company's macliino resumed dredging at mid-day on Friday. Everything was running well. A return of lOoz Gdwt was won by the Blackwatcr River Company's dredge last week in 129 hours. She was dredging her way out of Doig's land. The Molyneux river stood Bft above the normal at Alexandra on Saturday morning— a fall of three inches since the previous day. The weather was mild. 'i'ho Chatto Creek dredge at Hie upper end o[ Galloway Flat, is working steadily. Tho Alexandra Herald reports that the syndicate (a local one) is well satisfied witli tlie prospects. The master of the Rise and Shine Company's Kb. 1 dredge, in reporting a return of 2Goz 17dwt for 113 hours, states that on resuming work tlio paddock had to be cleaved o! silt. Prospects were fair. TIIE WEEK'S DREDGING RETURNS. Oz. dwt. gr. Mssterton, "Waikaia, 147hrs 137 9 "o Clutlia, I'iver, Clutha River, 12Shrs 55 1 0 AVaikaka United No. 1, AVaikaka, 132hrs .. (8 It 0 Sandy Point, Alexandra, ISOhrs '15 15 0 Koputai, AVaikaia, 97hrs .. .. 3G 6 8 AVaikaka Queen, AVaikaka, ];i'2hrs 3G 0 0 Molvneux Hydraulic, Alexandra, week 32 10 0 New Perscveranco No. 2, Alexandra, lOGhrs 32 1 0 Jiura, AVaikaia, 3 days .. .. 31 3 0 Mystory Flat, AVaikaia, lHhrj 30 5 0 Golden Treasure, Miller's Plat, 137hrs 30 0 0 AVaikaia, AVaikaia, 123hrs .... 28 2 0 AVaikaka. United No. 2, AVaikaka, 1121 its 27 IS 0 Riso and Shine No. 1, Clutha River, 113hi9 26 17 0 Otago No. 1, Jlillcr's Flat, 137hrs 26 0 0 Golden Bed, Miller's Flat, l'JShrs 23 17 0 Lwly Roxburgh, Roxburgh, wk 25 2 0 Otago No. 2, Island Block, lOdys 2t 0 0 Golden Gate, Miller's Plat, wk 23 3 0 Central Charlton, near Gore, lS9hra 21 13 0 Eovul Waimuuiu, nr Mataura, lllhrs 21 0 0 Ettriek, Roxburgh, 130hrs .. .. 21 0 n AVaikaka, AVaikaka, 124hrs.. .. 19 IS 0 Ilartlev and Rilcv, Cromwell, 13Ghrs • 19 0 0 Colder. Run, Miller's Flat, ISOhrs 17 10 0 Alexandra Eureka, Alexandra, week 1G H 0 Cliarltou Creek, nr Gore, week 1G 0 0 Mivlau, Clyde, week 1G 0 0 ]/fily Annie, AVaikaia, 115lirs 34 9 0 Hosscv's, AVaikaia, 122lirs .. .. S 15 15 Total 914 12 35 The AVest Coast. Paetolns No. 2, 12G1its .. 350 4 0 No Town Creek, lOGhrs .. 50 O 0. New Trafalgar, 130krs., ~ 31 G 0* Pactolus No. 1, 13Shrs 20 1G 0 Klackivaier River, 129hrs .. .. 10 U 0 Total 2C-2 12 o DUNEDIN STOCK EXCHANGE. The closing market of last week did not ilifftr essentially from those held immediate 1 )-

previously, the tendencies to harden or <]<>• preciat/i' More exhibited being continued. Tasmanian Copper shares have been risin» steadily, if slowly, for some time, and on Saturday buyers wore prepared io give the prcvioiiD day's market price: but sellers held for an advance of Cd. Waihi shares were on offer. Buyers of Waihi Extended advanced somewhat, and the quotations for llercu;cs shares were nearer. In dredging stock, Masteiton stood at a high, figure, and buyers of Muddy Creek also offered a, good price. Sellers of Pactolus dropped a little, and drew response, and by falling 23 sellers of Golden Gate induced p, buying offer. Central Charlton and Lady Roxburgh (contrib.) were touched on. Hartley and Riley had buyers, aoid Chicago and Mystery Flat were on offer. Among investment stocks touched on vero National Bank and Wcstport Coal, for which there was buying inquiry. The following are Saturday's latest quotations, subject -to the usual brokerage: —

Dredging Stocks. Central Clisrlton—Buyers 7s .6d, eellers 8s 6d. Cliicßgo—Sellers 10s Cd. Dunstan Lead—Sellers 9d. Electric-Buyers £1 Is Gd, sellers £1 is. Golden Hed—Sellers 10s Cd. GoWcn Gate—Buyers £1 ss, selleis £1 Bs, Hartley and Riley—Buyers 10s. • Lady ' Roxburgh (contrib.)—Buyers 325, sellers 7s Cd dis. Masterton—Buyers £212s Gd, sellers £2 18s. Manuhorikia—Sellers £1 0s Gil. Molyneux Kohinoor—Buyers 2s 9d, iellers 3s 9d. Mystery Flat-Sellers £1 IGs. Muddy Creek—Buyers £2 12s. Pactolus—Buyers £2, selleTs 43 2s. Rise and Shine—Sellers 15s 6d. Sailor's Bend—Buyers Ds Gd. Waikaka, Queen-Buyers 9s, sellers 11s. Mixing Stocks. Hercules—Buyers 12s 7M, selleis 13s Vβ. Tasmanian Copper—Buyers 15s Gd, sellers IGs. Taliman Consolidated—Buyers £1 11s Gd, sellers £1 12s Gd. Waihi-SeHcrs £9 3s. Vaihi Extended—Buyers 6s Gd. Investment Stocks. National Bank—Buyers £3 ss, sellers £5 as. Brink of Xcw Zealand—Buyers £8 17s Gel. National Insurance-Buyers £'1 ss. Standard Insurance—Buyers £1 0s 3d. ' Vestport Coal—Buyers £7 ss. D.I.C. (prof.)— Buyers £1 2s, sellers £1 2s Cd, AUCKLAND STOCK EXCHANGE. fj?2ou Our Own Corresfoxdext.)

AUCKLAND, January 26. Tilt following ore to-day's quotations on the Auckland Stock Exchange:—"Waiotahi— Seliers £1 12s 9d, buyers £1 l'2s 3d; Tairua Broken Hills—Sellers 2s 10d, buyers 2s 9d; Talisman Consolidated—Sellers £1 12s 6d, buyers £1 12s 3d; Waihi—Sellers £9, buyera £S 18s; Waihi Extended-Sellers 6a 7d, buyers lis sd; Grand Junction—Sellers £2 Us, buyers £2 12s; Kuranui Caledonian—Sellers is sd, buyers Is 3d.

THE WEST COAST. (Fsou Ons. Oira Cokbisfoxdiht.)

GREYJIOUTH, January 27, Marry of tho sluicing claims on the West Const are at a, standstill in consequence of the continued dry weather. Operations at the Papaim Company's lease. near Blackball, are being energetically pushed forward. Tho engineer lias 120 'men at work, and good progress is being made, especially during ijio prevailing fino weather. A road connecting tho main Blackball road -with tho sito at tho end of tho branch railway has been convplcted, while the route of the incline has been cleared and the work of formation started. Tracks have also been formed to the sito where it is intended to drive the tunnel. -Tiiis work will be put in hand during the next few days. It is intended to energetically push on with the works, but it will be many months ero the company will bo in a, position, to place coal en tho market.

Much interest centres in the operations being conducted by tho Brunner Prospecting Association at Langdons, in tho Paparoa Iwnges. Tho tunnel has ken driven 300 ft into the hill through favourable lookin" country, thus completing the first contract" A second contract was let for driving another 300 ft, and tho contractor has made a. start, and is making very good progress. It is confidently anticipated that a good reef shou'.d bo struck by tho time tho tunnel is in the distance- montioned.