MINING,

Otago Daily Times, Issue 13945, 3 July 1907, Page 6

MINING,

A telegram received at the Stock Exchange yesterday gives the height of tho Molyneux River as being 3ft lOin above tho normal mark at Alexandra. Tho weather was mild.

The secretary of the Undaunted Sluicing Company wired as follows yesterday: —" Commenced sluicing again on Monday Bight; weather mild."

The First Chance dredgo started, dredging on Monday, and everything is reported to be going well. The master of Riley's Revival dredge also reports that he started dredging on Monday. Reporting N on the 23th ult-., the master of tho Waikaia dredge says: "Dredging was continued in the oast section until Wednesday at noon, when the dredge was shifted into the west section, where better returns 'arc obtainable, The east section is very poor and unpayable, and shows no sign of improvement. The depth and bottom are unchanged.' Writing under date Ist inst., the master of the Sailor's Bend dredge reports that tho bushes of the bottom tumbler are broken. This news was received by wire in Dunedin early on Monday morning, and inquiries were at once made in town, and a duplicate set was obtainea in the Dunedin Engineering Company's foundry. The set is being forwarded to Alexandra by this morning's train, and should reach the dredge ar.d bo fitted on in time to allow of dredging operations being recommenced on the 8 to 12 shiit to-night. The dredgemaster states that the ground being worked is rough, and .he mats are iookinff fairly well for the time put in. We understand that instructions to have » general wash-up on Saturday morning nest have been issued-to tho tlrdgemaster. ' " j

Reporting for week ending June 23, the roaster of th-a Alexandra Load dredge writes: Weput in 170 hours' dredging during the week, the dredge working up along the southoast boundary of the Molyneux Hydraulic claim. "Wo will be finished there in a couple of days. The machine will then be worked on a cut leading into'the Chinamen's gardens. The dredge is working fairly well, with tko usual small stoppages. We may expect as good a return as was obtained at last washup. as gold is showing on the ina-ts." The secretary of the Nokoiaai Hydraulic Sluicing Company reports that practically no work was done at No. 1 for the past week owing to the severity of the weather and a break on Digger's Creek raw, near a gully which had been scoured out by the water spout last January. A telegram received on Tuesday says:—"Races repaired and cleaned, sluicing resumed." • At No. 2 hard frosts - have prevailed, with the exception of two days, ar.d the water in the dam is decreasing. On Saturday it was 7ft from being full. Sluicing has been carried on during the week excepting on Tuesday, when a stop was mad© to renew the elevator castings. *o. i - was omy able to work 18 hours, because of the snow, of which there is about one foot on the sadcile. Tho Mystery Flat dredge resumed work on Saturday, 52nd June, after a. general overhaul. Tha groader part of the cut is looking well, but the western 'section is poor and deep. The master of the Lady Roxburgh dredge states in his report for the week ending June 20: " The dredge will be up in the breast of the old cut by Tuesday. The ground is still about the same.' We obtained 1 1325 hours' dredging during the week." Tho Wftikaka United No. 1' dredge had a good run during the week ended Juno 29. Tho dredge was working near the road, the ground being nearly all clay, with very little wash. It will be two or three weelcs before the ground shows much improvement. The No. 2 machine dredged tlie whole week next the centre on a good cut, and during the week the prospects improved considerably. Tho wash is fairly tight on a lignite bottom. During this week dredging will bo continued in the same out, and the dredgemaster states that a (3«? Nt return may be expected from it. The Kecpii-t-Dnrk Company sccured 3930z ]dvt for the momth.

.Pateisoii's Freehold obtained 19oz for'tho week. The amalgam won was got partly from the middle section of the cut. The quality of the wnsh is ithic/i the same as »he previous, week. The No. 2 dredge, which obtained 14oz for. 129 hours' work, his been working ground which still continues'poor, but the machine is being got away from the clay, and will bo on low ground in about three weeks. • The Chicago dredge secured - li\av. for 134 hours work. This return has been delayed :in transit, and should have reached Dunedin mV lno in Saturday's issue. The master oi the Manuh'trikki dredge report* under fee 29th ult,:-" Tiio prcepcots M' the beginning of the. week were very good, and T expected a much larger ro:uni. but the ground is changeable. On Thursday I lost six horns owing to the bucket's getting off the tumbler; everything is working well," .Writing on June 24, the master of tho JJignells No Town dredge reports:—" Since tast report there has been a» good deal of driiiy, wash about the centre of the face, 'ino strip of worked ground at the south corner of the face has taken a turn for a few_ yards out towards the creek. From indications some distance ahead of the dredging face. I think that the worked ground referred to will cut put. If it does not do so the strip will bo very narrow. The ground 111 places is very much deeper thnn it was in the gorge.. During the week we have had to deal with some buried timber and a largo number _of big stones, the wash towards the north side of the face being verv hard, but the large stones ore absont towards the south £. ' ace - The weather at time of writing is very fine, but in any case even floods can do but little harm." Tho manager of the Mount Hex tin mine, Avoca, reports undor date Juno 22:—"We got. the water out of the mine 011 Thursday night; now laying road and cleaning up No, 3 level."

_ A prospecting syndicate has been formed 111 Masterton, and v.-ill 1m known as the Masterton Prospecting Syndicate (remarks the faranaki Herald). A representative of the who is to proceed to the Woodyslle district, has a high opinion of the copper lodes existing iu that locality.

DyjfEDIN STOCK EXCHANGE. Business on 'Change was. if possible, duller than usual yesterday, no sales resulting ■ from either of tho call-overs. Manuherikias showed an advance, sellers quoting 25s 3d at the afternoon sitting, but no. buyers were forthcoming. _ The following are yesterday's latest quotations, subject to the "usual brokerage: — Dhedgino Stocks. Alexandra Lead—Buyers Is 9d, sellers 3s 6d. B'gnell's No Town—Pollers 4s Gd, Chicago—Sellers 10s 3d. Electric—Sellers 20s. ' Enterprise—Buyers l c , sellers 4s 6d, Ettrlck—Seller? 2s 3d. Golden Bed—Sellers 4s 9d. Golden Gate—Sellers 255. Golden Hun—Sellers Is. Hartley and Riley—Buyers 15s. Lady ltoxburgh (contrib.)—Sellers 3s. Manuherikia—Sellers 23s 3d. Molyneux Kohinoor—Sellers -Is.. ' Olrig—Sellers 5s Gd. Otago—Sellers 355. Eising Sun—Sellers IC3. Sailor's Bend—Sellers 10s Gd. Mining Stocks. Talisman—Buyers 35s 9d, sellers 36s 3d. Kuranui Caledonian—Buyers lOd, sellers Is 2d. Waihi—Buyers £Sl3s Gd, se'.lers £8 lGs Gd. Waihi Extended—Sellers Gs. Hercules—Buyers 15s 9d, sellers 17s. Investment Stocks. Bank of New Zealand—Buyers £10 10s. National Insurance—Buyers 26s 3d. New Zealand Insurance—Sellers 89s. Standard Insurance—Btivers 22s 3d, sellers 22s' IOSd. •Westport Coal—Buyers £7 13s, sellers £7145. Kational Mortgage—Buyers 635. Trustees Executors—Sellers £10 Bs. New Zealand Drug—Buyers 50s, sellers 51s. New Zealand Portland Cement—Buyers 31s 6d, sellers 335.