MINING.

Otago Daily Times, Issue 14355, 27 October 1908, Page 9

MINING.

-«•» : —r The Blackwatev River dredge resumed operations on .Saturday, evorvthrag running well. Mr F. W. Payne, secretary of (he Paracale G.D. 'Company, reports receipt of a. cable to the effect that last wcck ! 6 rctjirn was 182oz for 129 hours' work. The Duncdin Stock Exchange adjourned yesterday morning as a tribute of respect to the .memory of the late Mr Harry Shrimpton. A return of 20oz is reported from the Nelson Creek dredge for 121 hours' work. The secretary of the No Town Creek Comnuny wires a return of 360z for 121 hours' dredging. The secretary of the Perseverance Company reports that the piiiup is now erected •it the claim and in working order, and it is anticipated that the -accumulated tailings will have been sufficiently cleared away to enable I ho dredge 1° we ''! and resume operations in about a week or so. During the |>ast week rpturns were reported from 31 dredges in Olago and Southland, the" total yield beinp 7840z 17<lwt, or an average of 250z fxlwt per dredge. Tho following is the Rising Sun dredgemaster's report for the week ended October 24:— '• Dredged 128 hours and worked ahead 12ft on the usual width qf tut namely, 150 ya-rik The depth of the ground, averaged from 38ft to 40ft. Prospects continue unchanged, and the machinery is running well." M ,'l , lie manager of the Mount Rex (Avoca) Tin Mining Company roporls as follows under date October 17:—"For the week

have sunk ghp.fl, 7ft on payable stone; have put a few holes in open ciit which exposed good payable Ktone. A start will be ma<lo next week removing ovcrburdon off south !o<le." DUNEDIN STOCK EXCHANGE. At. the one silting of the Dunodin Stock Exchange held yesterday but little of interest transpired, and all that was recorded was a singlo sale. Pactolns was tho stock responsible, nn<l at tho close the market was haw of further buyers or sellers. Sale.-Pacfolus, 10s 6d. The following aro yesterday's latest, quotations, subject the tho usual brokerago:— Dmdgiso Stocks. Alexandra Eurcka-Buycrs 2s, sellers 3s 9d. Chicago-Buyers 9s 6d, sellers lls s Elect™— Sellers 4s 6d. Enterprise-Buyers 2s. Golden Bed-Sellers 9s 6d. Hartley and Rilcy-Seilcrs 17fl. Alanuherikia-Buyers 10s, sellers 12s 6d. Molynoux Hydraulio Co. Dredge-Buyers Is, sellers 2s 6d. Muddy Creek (ex div.)-Buyers 20s. Mystery Flat—Sellers 40s. New Fourteen Mile Beach-Sellers ss. New Roxburgh Jubilee-Buyers se. Rise and Shine (ex div.)— Sellers 325. Mining Stocks. Barewood-Buyers 12s 6d, selers £1 7 S 6d. Talisman Consolidated-Buyers £1 19s, seller* £2. ■ ' Waihi-Buyors £8 16s, edlera £9. Wailu Grand Jimotioii—Buyers £112s 9d sellore £1 14s. . ./ Investment Stocks. National Bank-Sollers £5 Is. rT^'?, na L Insuranoo-Buyers £1 7s 9d. U.S.S. Co.-Buyers £1 14s 6d. N.Z. Coal and Oil-Buyers Is 6d, sellers Mosgiei Woollen Factory-Sellers £3. N.Z, Drug Co.. (£2)-Selierg £2 lis. N./5. Portland Oemont-Buyera £17a'6d. sellers £1 Bs. N.Z. Portland Cement (new)-Sellors 8s p. LONDON. STOCK EXCHANGE. Press Aisociation-r-By Telegraph-Copyright LONDON, October 25. WaiJii-Buyers £8 15s, sellers £8 17s 6d. Junction-Buyers £1 ,11s 3d,.sellers £1' 13s 9d. WELLINGTON STOCK EXCHANGE. '(Fbok Qvn Own Cobresfondent.) WELLINGTON, October 26. There-wero only two sales on 'Change torday—Wflstport Stockton at 10s 3d. and Taranaki Petroleum a,t Bs. mining in fiji, new zealandTopportunity. (PiR United Pbess Association.) _ ; AUCKLAND, October 26. The New Zealand Industries Company, liort street, is in receipt of a cablo from Mr Percy Basley.'of Suva, in which he states that the mining laws in Fiji are passed on a very satisfactory basis to New Zealand, arid it is desirable that anyone contemplating mining operations there should be early in the field to exploit the metals known to' exist on the islands. ■ ' . -. .. . . =