MINING.

Otago Daily Times, Issue 14379, 24 November 1908, Page 6

MINING.

' Tho' height of the river was 6ft Bin above the, normal mark at Alexandra yesterday.' ■Tl)e weather continues mild. , ■~'.. . .' The master of the No Town Creek dredge .has .obtaineda return of 470z for' 134 hours. ;; ; l T Jie Nolson''Ureok:'drccliiema6tor, reports' a .Wash-up,of 17oz for. 131 hours' work, ~'■ The secretary of the Electric Company 'has received a wire stating that tlie No. 2 daedge resumed w'brk at noon on Saturday. The Central Cluirltoh dredgemasfc'i' reports that the week's return from section 1 is fairly satisfactory, and all the machinery is running well at present. Ho> has been forced to stop repairing the buckets'for the' ;tim'e biang. '• ■ ■. ,' -. 'l'he master of tho Rising Sun dredge reports for the week ended November 21, as 'follows:—"Dredged 134 hours and worked alioad 12ft on a cut the usual width. (150 yds). There is - no- changein the ground-.or, prospects to roporty'Tho niachiuery'is running '■wol'l.V "'.'_ .; ~ ' '..' .. _ ' ; TKe manager"'of 4:Ke Mount. Rex .mine,. Avoea, reporting' on November 13, says: ''Where the overburden has been removed this week good pavable. tin is showing in the solid lode, Largo blocks of- lode stone of good .quality are met with in the overburden. Am now working two shifts*." ■ The world's output of, copper is giyqi as totalling last year 723,807 metric ton's, the l/.iited States' leading with over 35 per cent. sof tho wlioleT-Tiiamely, 398,736 metric tons, .and Australasia coming fifth'in ■amount of output with 41,910. metric tons.' • DUNEDIN STOCK' EXCHANGE. Bus : iheas- was briskor on.'Change yestordny tliap.it bas; been for some time, and six sales'were -recorded during the day. Owing ,to eont iixueil* gepet tetuiins from the dredge Alexandra 'Eureka; : shares are much in demand, and"sold.at.^s.-9d hi the morning and :4s in.the "a-fterJloaii.' Buyers of No Town- Cr.eeks advanced to 13s 3d, with sailers 'asking Is ,'6d more.* Muddy Creeks ■ changed hands irrthe morning at' £1 15s, but a', buyer at the fame fijurc in the after- ■ nion-foimdi jio' response. Italy 3d '.separated buyer,? ami ,sellers of National Insurance .shares. Buyers of; Westport Coals advanced to £6-175.. A parcel of Now Zealand Drugs changed ha-iida at £2.95. : Sale*: Alexandra Eureka, 3s 9d, 4s (tlirco .parcels); Muddy Creek, £1 15s; New Zealand.' Drug Company, £2 Bs. . The following arc yesterday's latest quotations, subject to the usual brokerage: — . Dredging. Stocks. : Alexandra Eureka—Buvers 3s 2d, sellers 4s''*A<l...i. ':.:.■'. ' '• Alexandra Lead—Sellers 3s.' I ■ Electric-Buyera 2s 6d, sellers 3s 3d. EntcTpris^—Buyers 2s, sellers 3s, » . Island Blbfck—Buyers 6d. Manuherikia—Sellers 12s. Molyneux Hydraulic—Buyers Is 6d, seller ... Muddy Creek-Buyers £1 15s. Now Trafalgar-Sellers £1. No Town Creek—Buyers 12s 3d, sellers 135 9d. , . ■ Mining Stocks. Roxburgh Amalgamated, (contrib.)—Sellers 5s 6d. . , , ■ Big River -Sellers' £1 16s. : Welcome Quartz—Buyers 2s ..(preni.). ... • Talisman Consolidated—Buyers £2 2s, sellers £2 3s. ... \Vaihi Grand Junction—Buyers £1 lis, .sellers £1 13s. Investment Stocks. ; 'Bank of New Zealand—Buyers £8 Is. ' ; National' Insurance—Buyers £1 7s 6d sellers £1 7s 9d. . . Westport poal—Buyers £6 17s. , Kauri Timber-Buyers 14s 9d.' New Zealand Drug (£2)-Buyers £2 8c 9d,' s-ellers £2 9s 6d. Now Zealand Paper Mills-Sellers £1 3s. : New Zealand' Portland. Cement-Sellers £1 '8s 9d. • ' . WFXLINOTON STOCK EXCHANGE. (FltOM Oua OWK CORRESPONDENT.) .WELLINGTON, November 23. -Sales on 'Cliango to-day were as follow: — National Blink, £5: Levland and O'Brien limber Company, £1 3s; Talisman, £2 2s 6(1 (cum div.); JVaihi, £8 19s 6d