MINING.

Otago Daily Times, Issue 14279, 30 July 1908, Page 9

MINING.

Hie height of Hie river was 6ft 4in above tho normal mark at Alexandra yesterday after a hard frost Tho Alexandra Lead dredgemaster reports as follows for tho week ended July 25: —"I have to report that the bottom is still keeping hard, with patches of clay. Tiie height of the face above water level 19 40ft, and below 30ft, I have had to replace tho elevator driving gear owing to tho wheel being worn out, and tun obliged to do somo necessary repairs which ' will probably take up to Thursday morning, when dredjrinjf will bo resumed. There will therefore be no wash-up this week." It was reported to the Exchange yesterday that the Talisman Consolidated' Company had declared another dividend of Is 3d, payable on August 25. The Rise and Shine No. 1 dredge worked Bft of a cut 480 ft wide and from 42ft to 46ft deep last week. There was no change in the appearance of the .ground No. 2 dredge worked 12ft ahead on a cut of 400 ft, with a depth of from 38ft to 42ft. Tho wash was very tight, and carried a number of large stoins. Thero was a fair prospect throughout the cut. Tho dredgemaster of the Lady Roxburgh dredge reports for the week ended 24t.h inst.:—"Wo had some trouble on Friday through one headline snagging, and again lost, somo time on Saturday. The ground continues good, and ie likely to make towards tho west side, where the gravel is black with maoris. Tho face is now nearly two chains wide, and is all very payable. In midstream there is a very rich seam." Tho dredgemaster of tho Kura. dredge wires under date 29th 'inst.:-"Stopped; bottom tumbled broken. A new tumbler is in hand, and will bo sent on as soon as possible. During the stoppage repairs will 1)0 carried out that have 'been rendered necessary owing to the tight ground that has been mot with of late." The master of tho Sandy Point dredge, writing under date July 26, reports putting in 126 horn's' dredging on a cut two chains in width and" working 2011 ahead. The depth and prospects remained much the same as they wore the previous week. He last time through shortage of coal and through the valve spindle of the winch engine breaking. The valve spindle has been repaired, and the dredge started work again on Monday morning. The Electrio No. 1 dredgemaster, reporting for tho week ended July 25, states that owing to tho heavy flood in tho rivor only 71 hours' dredging was put in. Several repairs have been done, including tho screwing up of a new steel corner and framing, and the repairing and lipping of buckets. Repairs to the pontoons and several other minor jobs were also completed. As already reported, dredging was resumed on Sunday at midnight, but as the paddock is filled up it will probably take the beat, part of this -week to deao it out. There may tberoforo lie no wash-up. The annual general meeting of the Blackwater River Gold Mining- Company, called for yesterday, lapsed for want of a quorum of shareholders, and stands adjourned for a week, Mr p. n. Tower has been appointed, secretary of tlio Come-in-Timo Mining Company. DUNEDIN STOCK EXCHANGE. Two sales were made on 'Change yesterday—in Golden Beds at the lower price of 9s and in Bignell's No Town at. Is 6(1. Sales.-Goldcn Bed, 9s; Bignell's No Town, l.s 6d. Tho following are yesterday's latest quotations, subject to the usual brokerage:— DnEiK:i?,G Stocks Alexandra Lead—Sellers 2s 3d. Chicago—Buyers 7s 9d, sellers 8s 6d. Kleetrio Buyers 6s, sellers °s 6d. Enterprise—Sellers 3s. Golden Bed-Sellers 10s. Hartley and Riley—Buyers 12s J sellers 17a 6d. Lady Roxburgh (paid)— Sellers lis. ilanuherikia—Sellers £1 Is. Molyneux Kohinoor—Buyers Is, sellers 2s. Mystery Flat-Buyers £1 18s k\; sellers £2 2s &d. ; New Trafalgar—Buvcrs 18s 9d, sellers £1 ! Oi 6d. No Town Creek—Sellers 10s. Rise aad Shine—Buyers £1 12s, sellers £1 17a 6d.

Rising Sun-Buyers £1 14s. Sailor's Bend—Sellers 15s 6d. Miking Stocks. Bifj River—Buyers £1 6s 6il. New May Queen—Buyers Is 9d. Tasmanian Copper—Buyers 6s, sellers 7a. Tnngiaroa—Buyers Is 7d, Gcllers Is 10(j. Talisman- Consolidated—Buyers £2 63 Gd, sellers £2 7s. Waihi Grand Junction-Buyers £1 12s 6(1, sellers £1 14s 6d. .Investment Stocks. Bank of- New Zealand—Buyers £9, sellers £9 3s 6(1. Standard Insurance—Buyer* £1 2s l|d. Weslport Coal Company—Sellers £6 13s. Westport Stockton (paid)— Sellers 3d die. Perpetual Trustees Company—Sellers 18s 9d. ' Duncdin Stock Exchange Proprietary— Buyers £2 4s. Mosgiel Woollen' Factory—Sellers £3 Os 6(1. Now Zealand Paper Mills—Buyers £1 2s 6d, sellers £1 3s 6d. Now Zealand Portland Cement—Buyers £1 3s 9d, sellers £1 4s. New Zealand Portland Cement (now issue)—Buyere 4s, sollers 4-s 3d. WELLINGTON STOCK EXCHANGE. (From Our Own Correspondent.) WELLINGTON, July 29. Sales at the Stock Exchange to-day included a, parcel of N.Z. Insurance shares at £3 15s; and Tangiaros at Is 7d. During the. past fortnight, says the Post, there has been a sustained demand for the scrip of this Cbromandel mine. Neither Talisman nor Waihi nroduced a single deal. It has been announced that a dividend at the rate of Is 3d will be payable on Talisman shares on August 25. MAORILAND COPPER WORKS. (Pek United Press Association.) NELSON, July 29. Smelting operations have been commenced at the Maoriland Copper Company's works at Aniseed Valley, (several "watts" having been run successfully. Each charge consisted of about 10 tons of oro, and it is intended to smelt a run off one chargo' daily for tho future, producing about one ton of copper. Progress has atoo (boon made at tho United mine, where a, quantity of ore is ready for treatment. THAMES DEEP LEVELS. (Pee United Press Association^ AUCKLAND, July 29. At a mooting of representatives of Thames mining companies to-day tho following resolution was carried:—" That, in the opinion of this meeting, it is desirable that an effort bo made to open up the Thames deep levels, and that a committee be appointed to collect the necessary information, devise a basis of contributions by the companies interested, and formulate a 6cheme of operations under expert advice." The meeting appointed the chairmen of the companies interested to form tho committee.