MINING.

Otago Daily Times, Issue 13862, 27 March 1907, Page 6

MINING.

Tho river height yesterday morning was 10ft 2m above tho normal mark at Alexandra.

Tho IlesEcy's died;e had a good run last week, but with the ground still keeping poo*. All the machinery was limning well The return from the Pnterson's Freehold No. 1 dredge last week was 13oz lOdwt, and that from tho No 2 machine 13oz.

Writing under dale 23rd inst,, the Waikaia, dredgemaster stated that repairs were well forward, and he expected to resume diedgmg either on Tuesday night or Wednesday morning of this week. The secretary of the Moiyncux Hydraulic Sluicing Company repoits that work is being carried on at both e'evators by water from tho Lion race, though there is not cnoujli to supply both claims when working simultaneously, so it has to be arranged that when water can be spared at 0110 claim lfc is utilised for the oilier, and jii't at present No. 1 elevator has a full supply, as No. 2 elevator is doing work which doe 3 not requuc more than 12 heads. The Sandy Point dredgemaster reports a steady run for la«t week with the Aecptimi of tho 12 to 8 shift on Monday morning, which was lost owing to want of coal The cut was crossed once, there being a good deal of "top =tuft to deal with It was intended ito dredge on the inside- of tho cut this week, as there is at piesent a good high paddock. The race water supply was good • Tho Bendigo (V.) output for February was l!113oz, against 10,1950z 111 Jauuaiy, and 209500Z m February last >ear The total for the past two months is 24,6130z, which is tho lowest for some years.

Tho manager of the Mount Rex (Avoca) Tin Mining Company lcporls as follow, under date March 1G —No. 1 level' South dme No. 2 This has been driven 10ft. Total now 42ft. Stone is still poor. Alluvial No. 1 face. This piece of shallow ground is now finished, and the column -niU now bo lemoved ts some terrace ground. No. 2 face: This is looking the same «s last reported.

The Mystery Plat dredge had n. good run of 133 hours last week There was no improvement in wash, the western and centre sections of the cut being rather poor. The wash-out, imported in the previous week, was widening, but the dredgemaster did not

anticipate its lasting much longer Ho had had to leavo about half a chain in the eastern action, as tho bottom bad Tiscn so much as to make it too shallow c\en for stnppm», and there was no appearance- of any wash

The yield from the Tasmania, mine, Bcaconsfield for tho month of February was'—Crushed 4119 ions of quar.z for a yield of lGlGoz; 197 tons of concentrates treated in the chlormation works for a yield of 28Coz; 2SG7 tons treated in tho cyanide works for a. yield of 217o?, Total fine gold, 21130z. Battery ran 24 days. DUNEDIN STOCK EXCHANGE. The share market fell flat again josterday, and provided nothing of interest A moderate number of quotations were recorded, and values underwent no material alteration one way or tho other. In investment stocks thcro was improved demand for Now Zealand Drug shares at 30s. Otiu?o Daily Times scnp hid request at £19, but -the market was devoid of sellers _ The following are yesterday's latest quotations, subject to the usual brokerage.— Dredging Stocks. Bignell's No Town—Sellers 4s. Chicago—Sellers 9s 9d. Dunslan Lead—Buvcrs 2s/ sellers 2s 4d. Electric—Sellers 22L GJ, Enterprise—Sellers os.' liWey's—Relleis 7s 9d. L-.dy Roxburgh—Sellers 7«, Mol):icil\ Hydraulic—Buyers 5s Gil, sellers 6s. _My=tery Flat—Buyeis £1 13s, sellers £1 New Fourteen-mile Eeach—Buyers lis Cd P. New Roxburgh Jubilee—Buyers 3s Gd, filers 6s Gd. Pactohis—Buyers £1 10s. sellers £1 14s. Rising Sun—Buyers Ms Cd, filers 17s. Royal Waimumu—Buyers 2s Cd Waikaka Queen (prof)—Sclleis 12s, Mihixc Stocks Talisman Consolidated—Buyers £1 13s 3d, sellers £1 Us. Tasmanian Copper-Sellers 17s 3d. "Waihi—Sellers £9 Is. AVaihi Extended—Sellers 7s 6d. IttVFSTCIF.NT STOCKS. National Bank—Sellers £5 7s. Bank of Now Zesland—Buyexs £10. Milburn Limo (JEI paid)— Buyers £1 Gs Now Zealand Drug (£2 paidl-Buyers ;C2 105. Otago Daily Times—Buyers £19. SomghVs Rope—Binm £1 15s. D.I.C. (prcf.)-Buyers' fl 2s 3d New Zealand Paper Mills-Buyers £1 2s Gd. AUCKLAND STOCK EXCHANGE, (jFaou Our Own Cohresvondest.) .' AUCKLAND, Mirch 2G. ilie following are tho closing quotations on the Stock Exchange.—Kuranui Cale-donian-sellers Is -4d. buyers Is 3d; New May Queen-sellers 3s 5Jd; Waiotahi-sel-lers £1 Ss 3d, bujers £1 8s; Tairua, Broken Hills-sellers 3s 7d, buyers 3s Gd; Talisman Consolidated-sellers fl 14s buyers fl 13 s ™; Waihi—sellers £9 2s, buyers £9 Is 9d, Unilu Extended—sellers 7s 2d, bujers 7s Id, Grand Junction-sellers £2 3s; Maliarahara, Copper-sellers Is, buyers Bs. GREYMOUTH NOTES <F»OU Owl OWH COEBESI'ONDENT.) GREYMOUTH, Mirch 20. It is underwood it has been decided by the shareholders in the Kirwan's Reward Company -to wind up \o'\mtarily. Th e operations since registration show n surplus in excess of calls cf about 5s 6d per share so that tho original shareholder comes out 1, ,f n , ( f r P r ' ie with a good margin of profit Still lhi, claim bid fail at ono time to 1m a, veiy rich one, but it was found to be but a detached block of stone. Tho Blackwater dredge ground is ehowiii" solid improvement. °

Tho 2\ew Feddersen dredge ground is again showing up Last week the vield was 31oz for about five days' work "