MINING.

Otago Daily Times, Issue 14001, 6 September 1907, Page 6

MINING.

Thew was'no -wiro 'recoiveil at ,tha"Es-' 1 ohange yesterday 'ro -tiro' height of the Mtily-' aimtx River. Oh Wcdnosday.iubrhing Uio.riiver icgisttrcd 3ft IShi' abovoincirmor mark:' TJra woather ■continues! mild.. ' ' '• The rotum (ram. tho Koputai dredgo is . BSoz 1 sd\vt for 133'lujucs.' . Tho Waikjiii dredge obtained 13oz lodwt , . for. 136 hours' work. Tho, master of tho Otago No. 1 diedgo es- ; pcots to bo ablo to naiuno tfrodging in a iew. days. Tlio rivor at tho paxt of (ho «l»im 011 .dredgo is, «t present ~ ■ is far from suitable. Mr W. Jaauos, of.Tlimiios, who lias been ■engaged in a prospecting .tour of the King Country 011 behalf of «m Auckland sj-ndi-caite, which has scorned prospecting rights over an extensive aroo> baa roturncd to 'lhamos (saya the Advcrfisor). Ho states that oiiemtions havo ccascd for tho winter, but . will bo resumed wton tho summer gets older. So for tho nosuHa havo boon sudt as .to opcourage ■ tho syndicato to eontinuo its operations. Hoof formations havo been found, and some promising propositions loiatcd, but nothing ihaa yot train done to givo. tho reef system a proper testing—tiat will probably follow htor on. Ono thing has been definitely settled, and that is that thor« arc 'auriferous locks in tho King Country, and only prospeoting and development work can' 'prove their value. Tho Otago A'o. 2 maohino had a good weok's run,- but tho ground, was poor. The Mystery Flat' dredge obtained 50oz Sdwt for 13S hours. Tho directors of tlio Bend Comjiany have issued a eiicular to shareholders srtatmg that, at a mooting hold 011 tie 29th . ult., a resolution that the debentures bo redoeawxl 011 tho 2?t& inst,, and that interest couiputcd up to tho lastrinontionod date bo ineludcd waa passed, Tho directors also ' ' iJuuk the sliaroholdcre who bo readily subembed to the: issuo of the debentures. It will ])s rcuwmbcnjd that tio lull £1000 was applied for wiithin 10 days. ' Tho value 'and .tonnngo of tlio mineral ... output in Zoohao (Tasmimia) { OT tho first fleven, moirtbs of tliia year, as shown by tho imrchasars of the iWnaiuaji Smolting Cbmpar.y'and tl» carriago of ore over tlie Go■vorainent and Kmu Bay railways were as ■ foijow:—January, 7,631.75 tons, \-alue ; Fobruary, 6^ST.'JT tons, valud iSJt'.Wi; March, 7530.10 tons; value £30,058- : April, 4.811.76 ton®, vataa £20,027; May', tons, value £11,853; Junv, 7739 15 to-13. value JC2S,2tS; July, 7,373.15 tons, valuo JE6VK7. ■ Xo',7 So'tlca Wftles goW yield for-July ' , is !5,0300z nrnda, oqual to fine, valiiod «± £9.1,301, as compcuod with 22,7030z Oinsfc, ciuaJ ' to,' fino, • valued at

SSO.SSS for the same month in 1906. T3jo yield: {at the seven months is 190,1480z crude, cgrral to -160,6890 is fine, valued at £682,565, aa compared > with • 183.36i0z crude, equal to 152,1030z fino, valued at £6415,113 tor the' anno period in 1908, thus showing an in- ■ cireasa <st 8581oz fine, and £30,452 in value. 1

• -DTTNEDIN; STOCK EXCHANGE, . There wcto no sslca transacted at either caH-ovor oil 'Change yesterday! The following aro yesterday's latest quota-, iiorn":, subject to tho usual brokerage:— Dbkdqino Stocks. Bignell'a No Town—Buyers 2s 9d', Omcago—Buyers os, sellers. 9s 64 Clyde—Sellers 4a. Elcctric—Sellers 17s, . Golden .Bed—Buyers lis 3d,' eeilera 7s 04. . ; Hartley, awl Riley—Buyers 18s. Munuhorikia—Buyers 19a 3d, sellers £1. , Mjsterton (ex div.J-Buyera £2 123 Od, sellers £3. • Mysteiy Flat—Buyers £1 19s. Nelson Creek—Buyers Cs, sellers lis. Nelson Creek (prof.)—Buyors £1. New Fourteen-mile Beach-Buyers 7s &i di«. . ' t - New Roxburgh Jubilee (paid)—rßuyors 9s Od, sellere lis 9d. ■ Now Trafalgar—Buyers 16s Gd, Paotolus'—Sellers £1,103, , Rise and Shine—Sellers £1 Is, Rising Sun—Buyors 19s 01, sellers £1 la. Sailor's Bend—Buyers 8s 3d, sollers Ids, Miniko Stocks. Talisman Consolidated—Buyers £2 6s 9d sellers £2 83 Gd. Waihi—Sellers £3 17a. Big River—Buyers 10s. ' . Kgatiawii—Buyers Is Gd, sollers la 84 ' ■ Investment Stocks. National Eank-Sellorfl £5. 10s. ' National Insurance—Buyers £1 Cs 94 New Zealand Insurance—Sellers £4 ss, . Inmranoa (ex div.j-Buyers £1 la • Od.. > Westport Coal—Buyers £7 12s Cd. ' •S' 1 ' 0, fewf-H-Sellere £1 3s; IVustees Executors—Sellers £3 8s Od. Mjfbiim-,Lime (20s paid)-BuyiDM £1 7s. Woollen-Buyers £2 14s Od, sellers Aa lu3. lto 9d ZCali " ia Dnlg (<os P aid >—B'OWs £2 New Zealand Portland CemdHf-Sollers £1 1(3 UQ.