MINING.

Otago Daily Times, Issue 13875, 12 April 1907, Page 6

MINING.

The height o[ the Mctlyncux River at Alexandra yestorday was lift lin above normal, a. rise of Sin on (ho previous (lav's record. Tho secretary of the Masterton Company reports a return o( !)2oz 12dwt llgr. The secretary of the Mystery Flat Company reports a return of 51oz lOdwt for 132 hours' dredging. Tlio secretary of the Lady Annie Company reports a return of 12oz 13divt for 103 hours' drodging. Tho secretary of the Ilency Company reports a return of soz lodwt for two days' dredging. The Molyncux Kohinoor dredge resumed operations on Wednesday. Tho secretary of the Waikaia Company reports a return of 520z 2dwt for 217 hours. Tho dredgo is working partly through silt. The master of the Golden Gate dredge reports that tho river was too high to work last week, but he hoped to start oil Tuesday. Tho master o! tlio Otago Gold Dredging Company reports as follows:—No. 1: A good week's run, but, owing to the high rivor bringing down a lot of top stuff, the return is poorer, and will be so for a few weeks. Owing to a stoppage this week for putting on screen plates, there may not be any wash-up. JTo. 2: A fair week's work, but. the ground continues poor and timber troublesome. Tho brokers for the Tiiley's ltevival Gold Dredging Company (Ltd.) inform us that applications for shares in this company aro coming in freely. A good-sized parcel was applied for from Cromwell yesterday, from which it would appear that the local pooplo think well of the venture. It is expeetcd tho list will close in the course of a few days. The abridged prospcctus will be iouud in our advertising columns. One of tlie richest patches of gold on the Coolgardio Goldfields wns secured recently byMessrs Crawford and Pinipley, owners of tho Carbine mine. The fortunate finders lodged at oi:o of the local bulks GGioz lodwt. of gold, which hu(\ been won from 911b weight of stone. One stone weighed 2Ub avoidnpois, and 20lb weight of gold, was obtained from it. So thick was tho precious metal that tho stone was cut lip with a chisel.

DUNEDIN STOCK EXCHANGE. Yostorday's share market was quiet, and there was no alteration in quotations worthy o[ nolo. Dunstau Leads were quoted at 2s Id (buyers), and 2s Gel (sellers), arid tho inference is that Ihcso quotations approximate to tho liquidation value of this particular stock. Iu response to recent cablet]' advice, I'asmanian copper stock showed a firming tendenci - . The following oro yesterday's latest quotations, subject to the usual brokerage: — Dredging Stocks. Bignell's Xo Town—Sellers 3s 9d. Blackwater (ctb.)—Sellers 14s. Dunstan Lead—Buyers 2s Id, sellers 2s Gd. Enterprise—Sellers 3s 9d. 0 olden ltun Ind.) —Buyers Is, sellers 3s. Hartley and .Wiley—Buyers 12s, sellers Us. blaster ion—Sellers Gls. Maiiuherikia—Sellers 20s. Molyneux Hydraulic—Sollers Gs Gd. New Fourteen-milo Beach (pd.)—Sellers 14s. New Roxburgh Jubilee—Buyers Is Cd. Otago—Buyers 323 Gd. bailor's Bond—Sellers 10s Gd. Waikaka. Que^n—Buyers Bs, Sellers 9s 9d. Uikino Stocks. Komali Reefs—Buyers Is Gd. Waihi Extended—Sellers 63 Dd. Talisman Consolidated-Sellers 6s. New Crown—Buyers 7s Gd, sellers 8s 3d. Tasmanian Copper—Buyers Ms, sellers'lGs 3d. Investment Stocks. National Bank-Buyers 107s Cd, sellers 110s. National Insurance—Buyers 25s 9d. Standard Insurance—Buyers 21s. Union Steam Ship Co—Buyers ,£l7 Bs. Milburn Lime (20s paid)— Sellers 2Ga !)d. N.Z. Drug (JOs paid)— Buyers 49s 3d, sellers 003 Gd.