MINING.

Otago Daily Times, Issue 14503, 21 April 1909, Page 6

MINING.

a The height of the Molyneux River was ' 6ft above the normal mark at Alexandra yesterday. The weather was overcast and threatening. Tho Mystery Flat dredge worked the centre and eastern sections of the cut last * week. The stripping was still heavy, and the drodgemaster expected it lo continue so for some weeks. The dredgemastcr of the Mastorton Company, writing under date April 18, states that he had a fair run this week, changing buckets and rollers occasioning the principal stoppages. There has been an improvement in the wash, and the bottom is at present rising, carrying better wash. Last Saturday a distance of 103 ft had r been driven on the line of tlie Welcome l tjuari'7, Company's reef, making a rotal distance driven of 253 ft from the mouth I- of the tunnel. The formation is now about 3 6ft in width. No solid stone has been met with as yet, but tho manager expects lo 1 strike the first shoot of payable stone after i' about another 40!t or 50ft have been , driven. The master of the Lady Roxburgh 3 dredge 1-oports for weekending 17th iiist.: "We resumed dredging on Wednesday afternoon, after stoppage of three and ai half days. The paddock was pactically full of silt, ami we were barely able to get the face opened at the week end. All parts of * the machinery are running well, but some s of the buckets are becoming much worn." , The Dunstan Times reports that on Wednesday hist the Keystone borer, o|ierating > at Main Gully, Naseby, had got down to a depth of 120 feet in the second bore attempted. The first boro had to be nban- * cloned owing to encountering a largo stone through which it was impossible to drive the pipe:?. The secretary of the Nokomai Hydraulic ; Sluicing Company reports that at No. 1 sinking was commenced on the 13th inst., 1 and the paddock was bottomed on a good l seam of wasli on the 16th inst. Owing to ] the shortness of water work has been carried on at a disadvantage. At No. 2 an * additional soz 3dwf. was obtained from the ! jet. Removal of plant was finished on the 17th inst., and sluicing was to he resumed on the 19th inst. At No. 3 satisfactory f progress had been made considering the , depth of the ground. } DUNEDIN STOCK EXCHANGE. Sales:—National Insurance, £1 9s (two parcels), £1 9s 3d. Sales Reported:—Donagiiy's Rope and Twine, £1; National Bank. £5 fe 3d; Honk of New Zealand, £8 15s; N.Z. Drug Co., £2 7s 3-d; Portland Cement, £2 (three parcels) ; Otago Daily Times, £20 15s, The following are yesterday's quotations, subject to tho usual brokerage:— Dredging Stocks Alexandra Eureka—.Sellers Zs. : Alexandra licad—Sellers 2s 9d. ' Central Charlton—Sellers 6s 6d. 8 Chicago (cum. div.)— Buyers 7s. '' Electric—Sellers ss. e Enterprise—Sellers 4s 6tl. s Golden Bed—Buyers 6s 9<l, sellers 9s. s Hartley and Riley—Buyers 16s 6d. :• Lady Roxburg-h-St-llers 6s. '" Mariuherikia—Buyers 10s 3d. sellers 13s. 1 Mystery Flat-Sellers £1 12s 6:1. ,t No Town Creek—Buyers 1U 2d. Rise and Shine—Buyers £110s 9d, sellers £1 12s &d. Rising Sun—Buvors £1 lis. Sailor's Bend-Sellers 12s 3d. - Stanley Paratale—Buyers 5s (dis.), sellers I- 2s fed (prem.). . Mining Stocks. Talisman Consolidated—Buyers £2 7s 9d, sellers £2 8? fid. Waihi Grand Junction—Buyers £1 lis, sellers £1 lis 9cl. Inykstmkxt Stocks. Bank of New Zealand—Buyers £8 lis. Standard Insurance—Buyers £1 Cs 6d, sellers £1 Is 3d. Dunedin Stock Exchange Prop?.—Buyers - £2 10s. D.I.C. (pref.)-Buvers £1 Is 6tl. N.Z. Drug Company (£2)-Sel!ers £2 , 7s 6d. N.Z. Paper Mills-Sellers £1 2s 3d. '• N.Z. Portland Cement-Buyers £1 19s 6d. ■s N.Z. Portland Cement (new issue)— Buyers s 19s 6(1 (prem.), sellers £1 iprem.). „ Donaghv's Rope and Twine—Buyers 19s 6d, seilers £1 Is. WELLINGTON STOCK EXCHANGE. (From Oua Own Correspondent.! * WELLINGTON, April 20. To-day Talisman shares sold at £2 7s 9(1. LEAD OF SILVER DISCOVERED. • (Per United Press association.) PALMERSTON N., April 20. Messrs Thompson and party, prospectors, in ManawaUl "Gorirc, have discovered a lead of silver, which assays at £2 per ton. The party bus pegged off 150 acres, and is forming a company in Mastcrton.