MINING.

Otago Daily Times, Issue 13832, 20 February 1907, Page 6

MINING.

Tho Hartley and Riley,dredgemaster wired yostcrday as follows:—'" Started dredging 10 o'clock this morning." The Nelson Creek /dredgemaster reports having resumed dredging yostcrday morning. The height of tho river yesterday morning was 7ft lin above the normal mark at Alexandre. § The Junction Electric Company's dredge has now been definitely closed down, the poor returns not warranting a continuation of operar tions. Tlie Muddy Creek. Company's dredge, which has been in dock for repairs to the pontoons for the past three weeks, was floated out yesterday morning. Everything was in a very satisfactory condition, and the dredge should benefit materially by her ovehaul. Dredging was resumed almost, immediately. The Alexandra Lead dredge last week obtained her best prospects on the inside of tho cut, where the ground was the deepest, the actual depth there being about 25ft* The dredge had a fairly good run for the week, and a fair run was also expected this week. Prospects generally wero moderate. The secretary of the Nokomai Hydraulic Sluicing Company reports that tho wash-up at No. 1 elevator realised. 16oz 14dwt, with a few pennyweights to come from, the jet. A big rot-urn wa3 licit expected, but nothing eo small as this—tho smallest return from any one paddock ever obtained by the Nokomai Company—was looked for. This paddock, on tho extreme west of the flat, at this point was undertaken more as a test to find if it woro payablo; gold existed to the west. Tho plant will now be removed to the oast side, v.'hero gold in payable quantities is anticipated. At No. 2 elevator sluicing has been started, and- the dam is full. In connection with tho Lion race, last Thursday the men were shifted to t-lio Nokomai Saddle, where there is about two weeks' work to do. DUNEDIN STOCK EXCHANGE. - Nothing further transpired at yesterday's two call-overs of the Stock Exohange than the effecting of ono transaction and the recording of a moderately few quotations. Tho one sale brought of! was ill Electrics, sellers in which came down a shade as compared with tho previous day, The sale price was 21b Gd, inquiries for further lots at. 21s eliciting response at 22a. In mining stcicks sellers were more numerous than buyers, and a few lots placed on offer a.t late rates failed to attract tho attention of buyers. Tho market ma generally devoid of animation, nowadays almost an unknown quantity.. In investment stocks there was inquiry for Bank of New Zealand scrip at £"9 6s, and for Naticmal Insurances at 25s Gd. ■ "ffestport Coals had sellers only at £7 4s. A sale'was made yesterday in Electrics at 21s 6d. - Tho following are yesterday's latest quotations, subject to tho usual brokerage:— Dredging Stocks. Alexandra Lead—Sellers 3s. Blackwatcr (paids)—Sellers 15s. Central Chariton —Buyers Bs, sellers 9s 6d. Electric—Buyers 21s, sellers 225. Enterprise—Sellers ss. Ettrick—Sellers ss. Golden Bed—Sellers 8s 6d. Golden Gate—Sellers £1 6s 6d. , Golden Run—Buyers Is, sellers Is 6d. Lady Roxburgh (contrib.) —Sellers 9s. Muddy Creek—Buyers f2 los. Mystery Flat—Buyers £1 12s Gd, sellers £1 15s. Otago—Buyers £1 10s, sellers £1 los. Sailor's Bend—Buyers 9s, sellers 10s 6d, Mining Stockj. Talisman Consolidated—Buyers £1 lis 9d, sellers £1 12s 9d. , Investment Stocks. Bank of Nqw Zealand—Buyers £9 6s. National Insurance—Buyers £1 5s 6d. Standard Insurance—Buyers £1 Is 3d. AVcstport Coal—Sellers £7 4s. New Zealand Coal and Oil—Buyers 2s 6d, sellers 3s. New Zealand Portland Cemeat—Buyers 12. AUCKLAND STOCK EXCHANGE. (Frou Our- Own Correspondent.) AUCKLAND, February 19. Stock Exchange sales: New May Queon, 3s 2d; Waiotohi, 32s 9d, 32s M; Tairua, Broken Hills, 3s lid, 3s lOd; Wailii, £9 3s 6d; Waihi Gra.nd J unction, 475; Talisman, 32s 9d, 32s 6d; Waihi Extended, 7s sd, 7s 4d. dosing quotations? Kuramii Caledonian—sellers Is 2d, buyers is id; New Ma.y Queen—skiers 3s 2d, buyers 3s Id; Waiotahi—sellers 32s 9d, buyers | 32s 3d; Tairua Broken Hills—sellers 3s lOd, ' buyers 3s Sd; Talisman—sellers 32s 6d, buyers ■ 32s 3d; Waihi—sellers £9 3s 6d, buyers £9 j 3d; Waihi Extended—sellers 7s 4d, buyers 7s 2d; AVa-ihi Grand Junction—sellers 48s, no ] buyers. ' WELLINGTON STOCK EXCHANGE. (Frou Our Own Correspondent.) ' WELLINGTON, February 19. I Tho Wellington Stock Exchange to-day re- . ports that there arc buyeis of Tara-nalii ! Petroleums at 13s, and of New Zealand Crowns ' at 7s sd. There aro sellers as follows:—Talis- ! mans. £113sWailiis, £9 3s Gd; Waiotahis, £1 1 13s 3d; Waihi Extendeds, 7s 6d; New Zealand ' Crowns, 7s 9d. ' 1 - ]