MINING.

Otago Daily Times, Issue 14280, 31 July 1908, Page 6

MINING.

3 The telegram from Alexandra yesterday _ reported the river to bo at tho 6ft level. _ The hard frosts still continue. A return of 530z Bdwt for 135 hours is reported from the Mastcrton dredge. The master of the Mystery Flat dredge. - reports a return of 50oz 4dwt for 138 hours' i work. v The Waikaia dredgemaster reports a return of 230z ldwt for a fortnight's broken . tune, causoJ through the flooded state of t.ho liver. He has now worked partly ■ through the tailings, and turned the dredge - downstream on Wednesday. 3 The master of the Kura'dredge reports a. return of 12oz ISdwt foi 137 hours. The secretary of the Otagc Company re- , ports a, full week's run for both dredges. ' Advantage of the rise in tlie rivor was . taken by the master of the No. 1 to dredge - away tlie bank portion of the cut to clear i away the silt. The return will be affected this week thereby. The return from the Koputai dredge is 7 670z 17dwt for 133 hours. ' Owing to inability to get coal, the master - of the Bignell's No Town dredge was - forced to 6top work on the 18th inst. . Ho J came over to Dunedin to consult tlie directors, and while he was hero a telegram wa3 ■ received stating that a heavy flood had 7 nearly filled tne paddock with silt. Mr I Wylie returned lat once to the Coait, and . wired on Monday that ho hud completed _ fresh arrangements for coal supply. If d no further flood took place he thought that '30 hours' dredging ought to clear the face • of silt. 7 The Electric No. 2 drodgemaiter, writing ' under date July 27, says: "For the past , week I have to report that dredging was _ carried on steadily up till Wednesday d morning, when {ho river rose close on <ift during the night, putting a stop to dredg- - ing. As there wore a number of repairs 7 to do, involving a good deal of engineer's > work, I did not wash up. Tho return would have been small in any case. The _ river fell quickly, and is now, at time of d writing, only about a foot- higher than before tho rise. Dredging is to fce resumed - at midnight on Monday." ~ The master of the I'unt dredge reports > that ho had another breakdown oil Wednesday night on the 2 to 12 shift. The star- _ board hanger broke about Kin from the id bottom pin, and also at tho top eye, where tho crossbar goes in. He was having a - far run up to the time of the accident, and -'(thought the ground was not quite so rough • ; and getting a little more free on the bottom. 'Die prospects continue fair on the bottom. Id The staff of tho Paracale dredge in the Philippine Islands is practioallv composed _ of Now Zealand-trained meu, l'he manager _ is Mr Wm. Kane, late of Cromwell, and ,; Mi- Simpson, also of Cromwell, is tlie head winchman and acting engineer. Other ~ winehmen are Messrs IJardman, Perkins, ~ and Pearson, all well known in Otago '* dredging circles. Mr Eggleton, of Dun- _ edin, is over at the Islands just now as _ business manager. Tho l'araeale claim is, . roughly speaking, about 500 acres in extent, and it is believed to ho all dredge- - able. id DUNEDIN STOCK EXCHANGE. The only salo on 'Change yesterday was _ in Molyneux Kohinoors at Is 6d. Four . sales were reported, including Tasmanian Copper at 6s. There was a buyer at, that - figure at the afternoon call, but no sellers - were forthcoming. id Sale: Molyneux ICohinoor, Is 6d. _ Reported sales: N.Z. Portland Cement. _ £1 46; Portland Cement (new issue, 4s 3d . (prem.); Tasmanian Copper, 6s; Lady Rox- '' burgh (paid), 10s. _ Tho following are yesterday's latest quo- _ tations, subject to the usual brokerage: — id Dredging Stocks Bignell's No Town—Buyers Is, sellers 2s. - Chicago—filers 9s. - Elc-etrio—Buycre ss, sellers 83 6d. ■! Golden Bed—Buyers Bs, sellers 10s. Hartley and Riley—Sellers 17s 6:1. _ Lady Roxburgh (contrib.)—Buyers 7s 6d. id 19s 6d. Molyneux Kohinoor—Buyers Is tj<l, sellers Is 7Jd.. - New Fourteen Mile Beach—Sellers par. 1.; New Trafalgar—Sellers £1 0s 6d. No Town Crock—Sellers 10s. Pactolus—Sellers 17s. .. Rise and Shine—Buyers £1 12s. II Rising Sun—Buyers £1 15s. _ Sailor's Bond—Solid's 15s 9d. _ Minim Stocks. ! . Big Rivor—Buyers £1 7s 6d. "' New Mav Queen—Buyers 2?, sellers 2s „ Od. _ Tasmanian Cuppoi—Buyers &•-. |j c ] Tangiaroa— Buyers Is 7j,d. sellers Is lid. 1:.. Talisman Consolidated—Buyers £2 6s 6d, - sellers £2 7s 6d. ]*, j

Investment Stocks. National Bank—Sellers £5 3s 6d, Bank of N.Z.—Buyers £9, sellers £9 3s. Standard Insurance—Buyers £1 2s. ' U.S.S. Co.— Sellers £1 15s 3d. We'stport Coal Co.—Kellers £6 135.Mosgiel Woollen Faelorv--Sellers £3 0s 6d. ~ N.Z. Drug Co. (£2)— Sellers £2 12s. N.Z. Paper Mills—Buvers'fil 2s 6d, sellers £1 3s 3d. N.Z. Portland Cement (paid)— Sellers £1 4s 6d. . . NPortland Cement (new issue)— Sellers 4s fad. O.P.Q. COMPANY. Messrs Park, Reynolds, and C'o. submitted for sale at their'rooms yesterday the O.P.Q. Reef, Waipori, with waterrights, battery, and the whole of the mining machinery connccled -with it. / The bidding reached £700, but the owner's bid being £740, the property was .passed in unsold, and is now open for sale by private treaty. A six-roomed house and section adjoining the mine was also passed in. WELLINGTON STOCK EXCHANGE. (From Our Own Correspondent.) WELLINGTON, July 30. The following were the Stock Exchange sales to-day:—Bank of New South Wales shares (£2O paid), £45 ss; Trust and Loan Company, £7 7s 6d and £7 8s; National Insurance, £1 7s 6d; Talisman, £2 6s 9d; Tangiaroa, Is 7d. NOTES FRUMGROMWELI, (From Our Own Correspondent.) CROMWELL, July 30. The weather is now settled, and sunny days prevail, with exceptionally hard frosts at night. The river is falling steadily, and all the gorge dredges should now get a steady run. There is very little doing so far by the dredges other than the Rise and Shines, which are likely to keep up their steady returns The Hartley and Riley dredge struck a ' small patch of worked ground, and it is generally expected . that the returns will -be [air, with an occasional patch,