MINING.

Otago Daily Times, Issue 13985, 19 August 1907, Page 6

MINING.

1 ——•—- There was no change in the height of ihe j Molyneux River recorded at the Stock Ex- • change on Saturday. On Friday the river registered 3ft 4in above the normal mark ' at Alexandra, and frosts were being cxperi- . enced. s Prospects on the Punt claim are still 1 poor. The master of the Bignell's No Town J dredge reports:—"The wash has been lighter, ' and wo have had trouble with a fair number • of large stones on the bottom." The Davidson's Freehold] Company (Ltd.) I ]me purchased tho Venture dredge. This ~ dredge was lately held by Mr Caithness and party about 16 chains below the Davidson's ■ Freehold... Jt has. buckets! of sft capacity '• and a ladder capable of dredging to a depth '. of over 40ft, and is reported to be the largest and most' up-to-date dredge in the Waika,ia district. The company has also secured the right to go •through Mt Frewen's ground, by '" which tho dredge can reach the southern and one of the richest portions of the com- | ' pany's properties within six weeks. Mr Brad- . bury, the dredgemaster, left Dunedin on Frix day night to take charge of and work the dredge up to the company's claims. In wiring hia Tcttirn tho secretary of live Rising Sun dredge advises that hard frosts t continue. The Nelson Creek dredge resumed tvotk , on Friday night. , Mr Charles Mbrson has Wen appointed to the position of dTcdgcmaster of tho Gold Kins dredge. Mr Ilorson lately filled a like position on tho Golden lhm machine. DREDGING RETURNS. During the week ended August 17 returns , were reported from dredges in Otago and l| Southland as follows:— Oz. dwt. gr. Masterton, Waikaia, I.l7hra 123 13 11 Electric No. 2. Cromwell, week 92 10 0 New Roxburgh Jubilee, Roxburgh. 13Uus GG 13 12 Rising Sun, Clutha River, 130hrs GO 10 0 - Golden Treasure, Miller's Flat, 3 W eek 52 C 0 ■r Sandv Point, 148hrs 48 9 12 f. Waikaia, Waikaia, 136hrs .. 43 12 0 6 Kura, Waikaia, 138hrs .. 43 4 0 If Electric No. 1, Cromwell, 125hrs 42 9 0 Rise and Shine No. 2, Clutha River, 70hrs .. 41 14 0 Muddy Creek. Waikaia, 112hrs .. 41 10 0 It Hartlov and Riley, 128hrs .. 40 0 0 it Riley's Revival, Cromwell .. 39 13 0 ;s Mystery Flat, Waikaia, 135hrs.. 37 2 0 n Chicago. Alexandra. 135hrs .. 3t 11 0 Royal Waimumu, Gore, 227hrs 30 15 0 Charlton Creek, nr Gore, week 30 H 0 Waikaka United No. 2, Waikaka, 128hrs .. - 28 8 0 )• Waikaka, Queen. Gore, 2iohrs.. 20 15 0 Gold King, Roxburgh .. .. 25 18 0 le Central Charlton, Gore, 182hrs 25 9 0 5- Mattm, Clyde, week !Vt 12 0 ■v Olago No. 2, Miller's Flat, id 124hrs 23 0 0 Perseverance- No, 2, Alexandra, weok ... 20 1 0 Golden Gate, Miller's Flat, 4 days 20 1 0 Waikaka United No. 1, Waikaka, UOhrs 18 2 0 Molj-neux Hydraulic, Alexandra, 5 days .. 17 15 0 , Garden Gully, Waikaia .... 17 G 0 ) Perseverance No. 1, Alexandra, 3Sdays 17 4 0 Alexandra Lead, Alexandra, 125hrs 17 0 0 Koputai, Waikaia, 137hrs .. 1G 17 0 Clyde, Clutha River, loOlirs 15 0 0 Punt, 138hrs 13 8 0 Olrig, Jlannherikia, 220hrs .. 5 11 O Total .. .. 1205 9 11 The West Coast. Pactolns No. 2, WShrs .... 49 9 0 Bignell's No Town, 12Ghis .. 34 1 0 p, No Town Creek 34 0 0 J - Pactolus No. 1, 133hrs .. .. 32 B 0 Callaghan's Creek. 12hrs .. 25 0 0 Antonio's Flat 121hrs ... 17 10 0 Slab Hut Creek, week ... 17 0 0 e- Blackwaler River .... 13 0 0 Ul Total .. .. .. .. „.. 223 G 0 '*' DUNEDIN STOCK EXCHANGE. *> A rather dull week on 'Change closed on le Saturday morning, when a parcel of Talis- | man Consolidatcds changed hands at 475. In Sale: Talisman Consolidated, £J 7s. The .following are Saturday's quotations, ,s ' subject'lo the usual brokerage:— id Dridgixo Stocks. 7 Alexandra Lead—Sellers 2s Cd. ,rt Bignell's No Town—Buyers Is 3d. Central Charlton—Buyers 7s. Chariton Creek-Buyers 2s 9d. Chicago—Sellers 10s. "* Electric—Buyers 17s, sellers 19s. j n Enterprise—Buyers 4s Cd, First Chance—Buyers 2s, sellers Gs. ng Golden Bed—Buyers-2s Gd. . Golden Gate—SoUors £1 3s. "J Hartley and Riley—Buyers 15s, sellers 19s. >,( Lady Roxburgh (contrib,)—Buyers 4s Gd, sellers 6s 6d. . Masterton—Buyers £3 ss. Mamtlierikia—Buyers 18s, sellers f 1 Os Cd, Muddy Creek—Sellers £5 ss. Now 'Fourteen-mile, Boieh—Buyers 5s dis, sellers par. New Roxburgh lis, sellers Risu and Shine—Sellers £1. Rising Sun—Selleres 19s Gd. Waimumu Queen—Sellers Is 3d. DtiakiDg the king driaWKißg Cog^,,,

Jtarao Stocu. Talisman Consolidated—Buyers £2 7s, sellers £2 7s Gd. Waihi-Buyers £8 IG3 Gd, sellers £9. Investment Stocks. New Zealand Coal and Oil—Sellers 2s ljd. Commercial Property—Sellers Cs. National Mortgage—Sellers £3 4s. Perpetual 18s 3d. Mosgiol Woollen—Buyers £2 Us 3d. New Zealand Portland Cement—Buyers £1 15s Gd, sellers £1 17s. New Zealand Paper Mills—Sellers £1 it. WELLINGTON STOCK EXCHANGE. (From Oyjk Own Correspondent.) WELLINGTON, August 17. On the Stock Exchange -to-d«y Waihi shares sold sit £8 17s and Talismans at £2 7s 3d. There was inquiry for Crowns at 6s lOd, whilst Tairua Broken Hills were in demand at 5a 9d, and Kuramii Caledonians at Bd, with no Holders disposed' to do business. Tho reported striking of a big lode in tho Maharahara accounted for a nibble at 5s for their 20s paid-up scrip, but this offer failed to bring out any sellers. In tho investment section Equitable Building Socictys wore dealt in at £10 2s Gd, and in industrials there woro transfers in Loyland O'Brien's at IS 5s 3d. THE TALISMAN COMPANY. (Psr Unitep Press Association.) AUCKLAND, August 17. The Stock Exchange has received a cable from Mr Turner (chairman of directors of the Talisman Gold Mining Company, London) suggesting the appointment ol the High Commissioner to represent tho colonial shareholders, adding that ho could arrange with the board of directors 1o get the commission reduced by one-half. A telegram from the Wellington Committee objected to the proposal. A resolution was carried' approving of the proposals by the chairman of directors. HESSEY'S GOLD DREDGING COM.PANY. The following is the directors' annual report of the Hcssoy's Gold Dredging Company, to be submitted to the shareholders at the annual meeting, to be held on the 30th inst.: " The amount of gold won during the year was sG3oz Gdwt 21gr, yielding £2220 3s sd. This amount baroly covered expenses, the debit fo profit and loss account standing ait £197 4s 10(1, being an increase of £151 lis Gd tor tho 12 months.. It will, however,: be pleasing iv shareholders to note that the actual working expenses have been reduced to a minimum, the amount being £2236 15s 8(1, as against £2897 6s 8d for the preceding year. The olaini boundaries are again being amended, and the dTodgo is now heading for the upper end of the claim, whioh shareholders will remember had to be temporarily abandoned about three years ago owing to (lie great quantity of silt which came, down the Winding Creek from the sluicing, operations going on higher up in the watershed of the creek. Although a heavy flood in the creek may oven yet troublo dredging operations, the directors do not consider that any serious difficult; will arise in connection l with travelling silt, and as the dredge left ground near the top end of the claim yielding over •lOoz per week, it is expected that the company will very shortly be again a dividend-paying one. Towards the end of last year Mr Geo. PetligTew accepted, an appointment on the West Coast, and resigned his position as dredgemnstcr to this company. Mr Thomas Armstrong was appointed to fill the vacancy, and he still continues in that position. Tho director to retire in accordance with the articles of association is Mr John Hessey, and tho auditor (Mr James Brown) also retires, but, both being eligible, offer themselves for re-election."