MINING.

Otago Daily Times, Issue 13836, 25 February 1907, Page 6

MINING.

The height of the rivor on Saturday morning was 7tt llin above the normal mark at Alexandra. . The Waikaka Queen dredge was undergoing repairs last week. The master of the Rise aud Shine 2\'o, 1 dredgo wires that prospects were improving. The screen pinion wheel on the Callaghan's Creek dredge broke last week. Dredging was to be resumed to-day. There will be no return to hand until Saturday next. The Waikaka United Company's No. 2 dredge was working up the corner .next tho hill side last week. The second motion shaft had broken, and was being welded iu Gore. The Nokomai Hydraulic Sluicing Company will shortly undertake tbe erection of a, third elevator at its claim. ,It will be remembered that about 12 months ago the Nokomai Company purchased, for £650, what is known as ( tho Lion water race property—a property which included' about 30 miles of wafer race, and which cost the original company over fCO.OOO. Tho water is derived from the Lion Creek, and the Nokomai Company is entitled to draw 40 heads therefrom.' Through this new race the company will bring in about 2a heads of water to work.the No. 3 olevator. We understand from tho chairman that the erection of this elevator will mean to the company^an expenditure of something like £1000, and that if the work is put in hand very shortly it is more than likely that shareholders will not receive their usual dividend this month. The manager .of tho Barewood mine makes tho following progress report for the week ended lGth inst:—"Mine: The rise has been put up a further distance of 13ft; stone 'rather harder; otherwise no change. Good progress has been made fitting battery frame timber. Battery: Worked full time, less 10 hours' stoppage during removal 'of tank, making connections, etc. Stone crushed 50 tons." . DREDGING RETURNS. During the wsk ended Saturday, February 23, returns were reported from tlie following'-, dredges:— ' , Oz. dwt. gr.

DUXEDIN STOCK EXCHANGE. Saturday morning's' call-over of the Stock i Exchange hardly calls for comment. No ; business was transacted, but a moderate ■ number of quotations woro recorded. There , was no movement in any -particular stock. I Electrics continued very firm. Masterious . and Mystery Flats -were noted • on a wide market. Other stocks placed on oiler failed to attract- buying notice. The market in Tas- , manian Coppers was a shade wider than on • the previous day, buyers quoting at 15s and ■ sellers at 15s 9d. In investment stocks Union ] Steaiu scrip was sought after at £17 ss, but , no sellers responded. , The following are Saturday's quotations. 1 subject to tlie usual brokerage:— ' | . Dredging Stocks. ! Alexandra Lead—Sellers 3s til. i Bignell's No Town—Buyers Is Od. Dunstan Lead—Buyers 4d, sellers !)d. , Electric—Buyers 21s, sellers 22s Gd. Enterprise—Buyers 2s Gd, sellers ss. i Croldea Gate—Sellers 275. i Colder Treasure—Sellers -395. - v i

Hart-ley and Riley—Buyers 10s. Lady Roxburgh (cont-rib.)—Buyers 6s 6d, - sellers Bs. j Maslorton—Buyers 555, sellers GOs. Mystery Flat—Buyers 335, sellers 355, f New Fourteen-mile Beach—Buyers 10s p. O'tago—Sellers 355. ' ! Pactolus—Buyers 375, sellers 395, f Rising Sun—Sellers los. , -.Rise and Shine—Sellers 15s. Sailor's Bend—Sellers 10s Gd. i Mining Stocks. Kuromu Caledonian—Sellers Is sd.' [ Talisman Consolidated—Sellers 32s Od. < Hercules—Buyers 15s, sellers 18s. > Crowns—Buyera 7s od. [ Tasmanian Copper—Sellers 15s 9d, Investment Stocks. _ Union Steam Ship Company—Buyers £17 Milburn Lime (10a paid)— Buyers 13s. • New Zealand 'Paper Mills—Buyers £1 3s. AUCKLAND STOCK EXCHANGE. . IFbou Oub Owk Correspondent.*) AiUCKLAND, February 14. The following sales were effected on Satur- ' day:—New May Queen. 3s Id and 3s 3d . Waiotahi, 325; Tairua Broken Hills, 3s ■ Wailii Extended, 6s lOd; Wailii Grand June i tion, 42s and 41s 2d. , The following are the closing quotations:— i Kuranui Caledonian, sellers Is 3d, buyers ■ Is Id; New Waiotahi, sellers 325, buyers 31s i 9d; Tairua Broken Hills, sellers 3s Id, , buyers, 3s; Talisman, sellers 325, buyers 31s 9d; Wailii, sellers f9 4s, buyers £9* 3s 6d; . AVivihi Extended, sellers, 6s lid, buyers (is lOd; Waihi Grand .Junction, fellers 42a, buyers 41s,

Electric No. 2, Cromwell, week 100 5 0 Masterton, Waikaia, lOlihrs .. 7G 3 0 Hiring Sun, Clutha River, wk G1 9 0 Chitha River, Olutha .liiver, 136hrs 52 4 0 Alexandra Eureka, Alexandra, two weeks .. 43 11 4 Rise and Shine 'No. 2, Clutha Rivor, 138hrs .. 42 11 0 Mystery Flat, Waikaia, 120hrs 41 11 0 Wailtaka United No. 1, Wailrakn, 131hrs 38 17 0 Sandy Point, Alexandra, 135hrs ■ 35 2. 0 Chicago, Alexandra, lolhrs .. 34 12 12 ' Lady Roxburgh, Roxburgh, wk 34 0 0 Molyneux Hydraulic, Alexandra, week 33 0 0 Otago No. 1, Miller's Plat, 186hrs .. 32 0 0 Waikaia, Waikaia, 120lirs.. .. 31 15 0 Rise and Shine No. 1, Clutha River, 137hrs 30 15 0 Golden Treasure, Miller's Plat, 140hrs 27 q q Waikaka United No. 2, lKlhrs 26' 10 0 Royal Waimumu, Mataura, 133hrs 23 12 0 Alexandra Lead, Alexandra, 13Ghrs 21 7 0 ICoputai, Waikaia. 82hrs .. 21 0 0 Otago No. 2, Island Block, 234hra 1 21 ,0 o Central Charlton, near Gore, 13Ghrs •„ ..' 18 13 0> New Perseverance No. 2, Alexandra, week 118 11 12 Lady Annie, Waikaia .. .. 1G 1G 0 Goldon limi, Millet's Flat, lOOhrs ,, 15 0 0 Ettrick, Roxburgh, 122hrs .. 14 10 0 AVai ran mu (Jueeii, Matnum, llnhrs 14 8 0 Waikato, Waikaka, 129hrs ... 12 15 0 Hessey's, Waikaia, 137hrs .. 12 4 0 Charlton Cr<?ek,near Gore, week 12 0 0 Molyneux Kohincor, Roxurgli, week 30 0 0 Enterprise. Alexandra, llOhxs.. S 0 0 Golden Gate, 'Miller's Fiat, 5 days S 17 0 Total 330 5 4 TnE West Coast. Ptielolus No. 2, 124hrs 100 IS 0 Blackwater River, I27hrs 28 12 0, No Town Creek. 133br9 , ,, 27 0 0 Xjew Trafalgar, HOlirs .. ., 23 13 0 Pactolus No. lj 130hrs 17 12 0 Total 197 12 0