MINING.

Otago Daily Times, Issue 13889, 29 April 1907, Page 6

MINING.

Thero was no waßli-un on the Rising Sim dredge last week, the dredgmaslcr being engaged in baling out the paddock. The return from the Enterprise diccjge last week was for 97 hours only, the delay being caused through the breaking of eomo pins. Tlie master of the Punt dredge wired on Saturday:—" Still opening out, not bottomed yet-.. No wash-up; river high." The Molyneux River was 10ft sin above tbo normal al Alexandra, on Saturday morning, indicating a fall of Gin sinco the previous day. The secretaryof the Paetolus Company wired on Saturday tliat the master of the No. 2 dredge was engaged repairing the screen, and the return will not be to hand until to-day.

The secretary of the Chicago Company reports by wiro that tho coupling oi the first moiion shaft gave out near tie end of last week.' A new ono was ordered. The new liiley's Revival Dredging Company has nov; been registered, over 1500 shares having bjin applied for out of the 2350 shares placed on the market. Tho company will proceed to allotment to-day.

llie secretary of the Golden Bed Dredging Company reports receipt of tbe following wire front (ho dretigemivstcr:—'" Dredge stopped working on Saturday, 30th inst.; bonus operations of claim in progress." Our Reeffcon correspondent states that the Big Itiver mine manager reports as follows:— " No. 9 level extended ltift for tho week, making a total of HOft from the shaft.' ' Mi' C. S. Reeves, secretary of the New Alpine Consols Company, whose dredge met with such disastrous results oil the occasion of the rooont flood' in the Molyneitx River, returned ta.Dunedin on Friday night, after a visit of inspection to tho claim and tho locality. With'the exception of portion of one of the pontoons, which was washed up against tho Clyde bridge and recovered, practically nothing of the dredge ha-s been saved'. Mr Reaves states that, there did not appear to be any likelihood of further salvage, but possibly when the river goes down something may bo disclosed. Tho remaining pontoon, if recovered, may have some machinery on it, but that' is doubtful. Some of tbe shareholders in the company, having every faith in the richness of the claim, aro desirous that ancither dredge should be put into commission lo complete the working of it. A meeting, of shareholders will be called shortly to consider what is best to bo done. The master of the Central Charlton dtedgo reports a return of 15oz lfohvt for 139 hours' dredging on section 4of the claim. The ground on this section deepened 2ft during tho week, and it is possible there are better results ahead. The full width of the claim is about 2<> chains, of which th<?' present cut is 23 chains. The dredgemaster advises tho dropping of section 5, the ground from which ths two previous return? were obtained. This means that, the face of tho claim will then I>o about 20 chains wide. ' DREDGING RETURNS. During the weelt ended Saturday, April 27, returns were reported from the following dredges in Otago and Southland: — j Oz. dwt. gr. | Muddy Creek, Waikaii, 132hrs ~ 61 9 0 C'lutha' River, Ciutha River, . ■ robs 43 i o Saody Point, Alexandra, 132hrs 40 13 I'2 Mystery Plat, Waikaia, 131hr3 .. 40 7 0 Rise and Shine 2fo. 2, Cluthn ® River, 130hrs 33 10 0 Go'den Treasure, Miller's Flat, wosk 31 0 0 Waikaia, Waikaia, 136hrs .... 32 2 0 Kura, Waikaia, 137£hrs .. .. 31 IS 0 Wsikalta United No. 1, Waikaka,

133hrs ..• .. .. .. .. .. 31 G 0 Otago No. 1, Miller's Flat, wk 29 0 0 Rise and Shine No. 1, Clutha / River, 118hrs 25 1 0 Enterprise, Alexandra, 97hrs .. 25 0 0 Electric No. 1, Cromwell, 7 days 21 6 0 Koputai, Waikaia. 134hrs .... 24 1 0 Royal Waimumu, Mataura, 130hrs 24 1 0 Golden i'uii, Miller's Flat, 133hrs 20 0 .0 Wa!kaka Qusen, Waikak*, 127hrs 21 1 0 Electric No. 2, Cromwell .... 21 0 0 Golden Hull, Millers Flat, 133hrs 20 0 0 Chicago, Alexandra, lOOhrs .. 16 17 18 ■\Vaikaka United No. 2, Waikaka, • 107hrs ■ .. .. '.. 16 15 0 Charlton Creek, Gore, \yeek ... .16 10 0 Central Charlton, ,Gore, 139hrs 15 18 0 Perseverance No, 2, Alexandra, lOGhrs 15 11 0 Perseverance No. '1, Alexandra,

UGhrs .. .. 15 0 0 Hartley and ltiley, Cromwell, wk 14 19 0 IVaikaka, Waikaka, 113hrs .... 14 13 0 Lady Annie. Waikaia, week .. 10 7 0 Molyneux Kohinoor, Roxburgh, ! 131hrs 9 4 0 Ettrick, Roxburgh, 131hrs .. .. 8 10 0 ' Total .. 747 8 G Tiir West Coast. • No Town Creek, lolhrs .... 50 0 0 Paetolus N;o. 2, 12Ghrs .. .. ~ 40 •fi ' 0 New 'irafalgar, 129lirs 32 0 0 Slab Hut, 175hrs .. .. 21 9 0 Antonio's Flat, 123hrs .. .. ■ 12 13 0 Ulackwater liiver, llGhrs 12 0 0 Total .. .. 168 .7 , 0 DUNEWN STO6K EXCHANGE. Saturday morning brought to a close a week of exceeding dulness and inactivity. Tho only thing worthy of note about the last call-over of llie week was the changing hands of a parcel of Talisman Consodilated shares at 31s and two parcels of Herculcs shares at 16s 3d. Sales made on Saturday were:—Talisman Consolidated, 31s; Hercules (two n;ircols), 16s 3d. ' ; The following are Saturdays quotations, subject to the usual brokerage: — Dredging Stocks, • Bendigo—Sellers 3s Gel. Bignell's No Town—liuyers 2s- 6d. Central Charlton—Sellers 9s. Electric—Sellers 20s 6d. Golden Run—Buyers Is 0(1, sellers Ba.' Golden Tressuro —Sellers 31s. Hartley and Riley—buyers 123 fid. Lady Roxburgh—Sellers 7s. Manuherikia—Sellers 19s. Nelson Creek—Buyers 3s 6d. New Alpine Consols—Buyers Is 3d, sellers 2s Gd. New Roxburgh Jubilee (paid)— Buyers 2s Gd. No Town Creek—Buyers Os Gd, sellers 10s Gd. 'factoids—Buyers 265. Perseverance—Buyers 3s 9d, sellers 4s 3d. Rise and Shine—Buyers 14s 6d, sellers 15s Gd. Royal Wainnmiu—Buyers 2s Gd. Sato's Bend—Buyers Ss, sellers 9s. Mixing Stocks. Tnsmanian Copper—Buyers 15s 6d, sellers lis 9'J, Hercules—'Buyers 16s 3d, sellers 17s. Mount Farrali—Buyers 10s. New -May Queen—liuyers 23 3d. Talisman Consolidated—Buyers 31s, sellers 31s 0(1. Roxburgh Amalgamated (contrib.)—Buyers 4s Cd. ■ AVaihi Extended—Sellers 7s. Big River—'Buyers ss. Ikvestmkkt Stocks. National Bank—Buyers £5 8s 3d, 'Sellers £5 9s 6d. Bank of N.Z.—Buyers £10 2s 6d, sellers £10 os. National Insurance—Buyers 26s 6d. Standard Insurance—liuyers 225, sellers 22s 9d. Wcstporl Coal—Buyers £7 2s Gd. N.X. Oil and Coal—Sellers 3s Gd. Commercial Properly—Buyers 4s Gd. Millmrn Lime (203 paid)— Buyers 265. Milbuni Lime (10s paid)— Buyers 13s, sellers 13s M. N.i. Drug (40s paid)— Sellers 50s Gd.