MINING.

Otago Daily Times, Issue 14472, 15 March 1909, Page 6

MINING.

The height of the river on Saturday was 4ft. 3in above the normal mark at Alexandra. The weather was overcast and cold, Mr J. M. Stewart, of Island Block, lias purchased Mr Osborne's well-known Keystone driller and equipment. This machine is at present in the Roxburgh district, where extensive prospecting operations are being carried on. A return of 21oz for 96 hours' derdging during the week ended March 6 is reported from the Blackwater River dredge. Owiti" to a temporary breakdown there'will be no wash-up this week. Messrs Park. Reynolds, and Co., at their rooms on Friday lasl, under instructions from the liquidator, submitted to auction tiie dredge and claim of 'the Lone Star Dredging Company, situated on the Cardrona. lliver. Bidding rose lo £410. at which figure the property was passed in, but. the auctioneers subsequently sold it, privately to Mr Rivers at, a satisfactory price. The drcdgeninsler of the Lady Roxburgh dredge wires under date 131 h j'ust.:—■ "Winch broke yesterday morning; washed lip lOoz; dredging again," The drpdjjeiiiaslei' of the lutra dredge, reports under date IOUi inst. as follows:— Have been working up the corners of the paddock this week, and have not had so much time in face. The return is therefore not so good. The bottom is of red and white sand. Width of face 80yds. depth 30ft." During the past week 23 Otago and Southland dredges havo reported a total return of 5640z 4dwt, which gives an average of about 24>[oz ]ier dredge. No returns have yet, come to hand from the West Coast. DREDGING RETURNS. ... oz.dwt.gr. Rise and Shine No. 1, Clutha River, 128hrs 66 6 0 Rising Sun. Cromwell, 136hrs 43 0 0 Mystery Flat, Waikaia, 138hrs 41 8 0 Rise and Shine No. 2, Clutha River, 136hrs 40 12 0 Manuhcrikia, Alexandra, 170hrs 35 0 0 Chicago, Alexandra, 108hrs 33 13 0 Muddy Creek No. 1, Wuikaiii, Xl l2oh ™ 31 16 0 New Roxburgh Jubilee, lloxburgh 26 1 0 Golden Bed, Miller's Flat, ' 2 25 9 0 Electric No. 1. Cromwell ... 23 10 0 Waikaia, Waikaia, 132hrs ... 22 0 0 Koputoi, Waikaia, 132hrs .. 22 0 0 Masterton, Waikaia, 138hrs 21 2 0 Golden Treasure, Miller's Flat, week • 19 0 0 Waiknka United No. 1, Waikaka, 1241irs ... 18 10 o Enterprise, Alexandra. days 16 3 0 Central Charlton, near Gore, 12ihrs ... 14 13 o King, Roxburgh, 97hrs ... 13 15 0 Kura. Waikaia, 131hrs 12 10 0 Wailcaku United No. 2, Waikaka, 132hra 12 8 0 South Waikaia, Waikaia, ' "'^ k 10 3 0 Muddy Creel; W 2, Waikaia, J? lhrs 8 18 0 Olng, Manuhcrikia, week ... 6 7 0 Total 564 4 0 DUNEDIN STOCK"EXCHANGE. • Sales Reported.—Nov,- Zealand Portland Cement, £l 15s. The following are, Saturday's latest quotations, subject lo the usual brokerage:— Dheooixo Stocks. Alexandra Eureka—Sellers 4s. Blackwator (contrib.j—Buyers Is, sellers 2s 3d. Chicago—Buyers 6s 6d. Golden Bed—Buyers ss, sellers 6s 9d. Golden Treasure—Sellers £1 13s. Hartley and Riley—Sellers £1 2s Mimulmrikia—Ruyers 12s. sellers 13s 9d. Molyneux Ilydraulic-Buvers Is 6d Mystery Flat—Sellers £l'lss 6d.,> No Town Creek—buyers 10s, sellers 12s. Rise and Shine—Sellers £1 14s. Sailor's Bend-Buyers 12s Gd, sellers 13, Oil. Stanley Paraeale—Sellers par. Mi.vixc, Stooks! r A'lialyaniateil (paid)— Buyers 5? 9d, srllpi's 7s 6d. Talisman Consolidated—Buyers £2 5s 6d sellers £2 6s. Waihi-Buyers £8 17s 6d. sellers £9. Nail" Grand Junction—Buyers £1 Ss 6d. sellers £1 6s 6(1. Investment Stocks. N.Z. Insurance—Sellers £3 15s 6d. Waiulard Insurance—Sellers £1 2.<j U.S.S. (.'o.—Sellers £l 15s 6d West port, Stockton Coal-Buyers 8s sellew 9s. Perpetual Truslees-Sellers 17s Gd Stock Ex. Propy-Buyers £2 9s Mosginl Woollen Factory—Sellers £2 15s. WELLINGTON STOCK EXCHANGE. (From Our Own Correspondent.) mi WELLINGTON, March 13. _ J here was more animation at this mornings meeting- of the Exchange than was the caw m the earlier part of the week, lalismau scrip was frolv dealt in, three fnir-sized pareols changing hands at £2 % and £Z 5s Waihi at £8 lte bd, WestjMrt Stockton at 8s 6d, and Nationn-l Bank at £5 3s were the other sales effected. In the industrial section buyers of Now Zealand Portland Cement reduced their bids 9d to £1 14s 3d, and the operator who has l>coii taking these shares so freely has evidently got bis requirements filled. Quotations: National Bank, £5 2s 6d (buyer), £5 3s 6d (seller); Bank of New Zealand, £8 lis (seller); Loan and Mercantile, 3s 3d (seller); Trust, and Agency, lis 6d (seller); Trust and Loan, £7 (buyer), £7 2s 6d (seller); Wellington Gas (£lO shares), £16 17s 6d (buyer), new issue. 12s 6d premium (buyer); National Insurance, £1 8s 3d (buyer); New Zealand Insurance, £3 13s (buyer); Gear Meat, £2 10s (buyer); Wellington Meat, £3 Os 6d (buyer), £3 Is 6d (seller); Wellington Woollen, £3 (seller) ox div.; Westport, £6 Is (buyer), £6 3s (seller); Stockton,; 8s 3d (buyer), 8s 9d (seller); Ilikurangi, 17s (buyer); Leyland o ßrien, £1 2fs.9d (seller); New Zealand Portland Cement, £1 14s 3d (buver), £1 15s (seller); Sharlaud (Limited)," 18s 6d (seller); laranaki Petroleum, 8s 6(1 (srllor); Ward's Brewery, £5 17s (seller); Big River, £1 14s 6d (buyer), £1 16s (seller); Talisman, £2 5s 6d (buyer), £2 6s (seller); Grand Junction, £1 5s Jkl (buyer), £1 6s (seller); Waihi, £8 18s 6d (buyer), £8 19s 6d (seller); Tangin.ro, 2d (buyer), s<l (seller). ROSS GOLDFIELDS COMPANY. (From Oun Owk Cormspondrnt.) GREYMOUTH. March 12. ( The directors of the Ross Goldfieds Coni|xiiiy (Limited) visited Ross yesterday lo insjicct the ]irogrcs-i of their works. Most- of the contracts in connection with this company are now in a very forward •'tate. A large part of the machinery lias been placed in position in the powerhouse of Kanieri Forks. This work has been carried out under the personal supervision of Mr elcli (of Messrs Mabin, Welch, and Co.). The line of race from the lake to the power-house, where the large dynamos will be placed, is also nearly finished. At Ross the company has erected a commodious workshop and odiccs. while builders aro erecting the station for the winding gear. The mine manager (Mr William Wylie) is busily engagixl making preparations for the erection of the iiopjiet heads. The timber used for t-his iioriiou of the works is very heavy, the four principal uprights being 54ft iu length; The pumping ami winding shaft has been finished to the adit level, while the transmission and telephone lines have been completed. The whole of this latter part of the work (the electr.'o lines) has been passed by the c< mpany's engineer (Mr 11. M. Smyth) and by Mr George M'Grcgor (acting on behalt of the Government). The only machinery now to arrive aro tho big pumps which are to do the unwatering of the deep levels. These are exported to arrive about the end of this month. Messw Mabin and Welch are hopeful of being able to take a trial run out of the machinery in about seven weeks' time, while pumping operations aro expected, to be commenced shortly afterwards. At. a. meeting of directors of the company, held this week, the accounts for the month, amounting to £3000, were passed for payment. The company's secretary announced that it would be unnecessary to make any wll on the shareholders this month. Tho pros|>cets, generally speaking, of the company seem to be of the brightest, and all connected with it aro very hopeful of highly satisfactory results when operations have started.

GREYMOITII NOTES. (From Ot-n Own Cosukspokdext.) OREYMOUTII. March 14. The continued dry wealh'T lias stopped sluicing work for some lime. Even creel; workers are idle for want of water. The usual w.-atliei' report i* conspicuous by its absence. The rain gauges have nothing to register, for beautiful sunny days have benn the rule for over fiw weeks. For the first time for many years the Government water at Kumara has run out, and miners are idle.