MINING.

Otago Daily Times, Issue 14702, 9 December 1909, Page 9

MINING.

Tile Molyneux River was yesterday ■morning Bft 4in above the normal mark at 5 Alexandra, showing a rise of one inch since " the previous day. > The secretary of tho Paracale Company reports the following returns:—7loz for four weeks; 40oz for two weeks. The iraster of the Good Chance dredge wired yesterday" Owing to tllo rise ill the river, dropping down and' starting into the bank." ■ The Rise and Shine No. 1 dredge had a steady run last week, and worked 4ft ahead on a cut of 600 ft. Tho ground was . from 42ft to 48ft deep, with about 4ft of r material above water-lovel. The No. 2 • dredge worked Bft ahead. Tho cut was 520 ft wide, and from 38ft to 46ft deep, with clay and coal bottom in patches. There is no greater width of wash than 6ft in l any [ part of the cut. ( The South Wniltaia. dredge last week worked on a face 50 yards wide, with the : ground from 26ft to 29ft deep on a. Maori • bottom. The distance worked ahead was 17 yards, and tho actual time put ir 136 hours. The ground was very poor and was getting deeper. [ The actual time worked by the Electrio No. 22 dredge last week was 121 hours, the distance worked ahead 16ft. and the width ■ of the cut about 80Tt, with the depth of : the ground varying from 25ft to 42ft. Pro- '< fpocts at the dose of the week showed an improvement. The drift was very heavy. . The ground that was being worked, though not so rough as 911 the Bannookburn side, contained a considerable number of large bouldera and was very hard on the I machinery The dred'gemaster wired yesterday as follows Drift very bad." 1 The Punt Company's dredsemaster reports having had a fa.ir rim last week and getting over a good deal of ground for ( another very poor return. Tho distance worked ahead was 24ft 011 a three-chain cut. Deep ground was coming in on the . freehold side, being about 30ift deep. Tho r rivor portion was siill keeping about the 1 same defith, and wae being worked' roufld

as fast as possible so as to shift the headline into the freehold at the main road near tho crook, and got in to the deep ground. Prospects wero still very (wor for the amount of ground trot over, and tho bottom was still a hard clay forma-t-ion. Tho machinery was running fairly well. DUNEDIN STOCK EXCHANGE. Talisman Consolido-teds were a shade firmer in tone yesterday, and after a. salo had been put through -a-t 46s 3d the market held further lots at 46s 6a', but without exciting further buying attention. Two forward delivery sales were effected in this stock at 47s 9(1 and 48s. Sales: Muddy Terrace, 30s 6(1, 30s 6d; Talisman Consolidated, 46s 3d; forward delivery, 47s 9d>, 48s. Sales reported: Consolidated Golofields, lis 3d, 18s 3d, 18s 6d; Wostport Coal, £6 ss; N.Z. Drugs, 46s 6d; N.Z. Papers, 21s 3d. 225. The following are yesterday's latest quotations, subject to tho usual brokerage:— Dhecgixo Stocks. Electric—Sellers 4s. Enterprise—Buyers 5s 3d, sellers 3s sd. Golden Bed—Buyers 18s, sellers 18s 6d. Hartley and Riley—Sellers 153. Koputa-i—Sellers 275. Mastcrton—Sellers 50s. No Town Creek—Buyers Ss 6d, sellers 10s fid. Olrig—Buyers 2s. Pactolus—Sellers 7s. Rise and Shine—Buyers 365, sellers 395. ltising Sun—Buyors 36s 6ch sellers 38s. Stanley Paracale—Sellers 19s 6d. Mining Stocks. Muddy Terrace—Buyers 30s 6d, sellers 31s 6d. N.Z. Crown.—Buyers 4s sd, sellers 4s 9d. Consolidated Goldfields—Buyers 18s, sellers 19s. Kuranui Caledonian—Buyers Is Id. sellers Is 3d. May Queen—Sellers 2s lid, New 4s 7d, sellers 5s 3d. Old Hauraki—Buyers is. Talisman Consolidated—Sellers 46s 6d. Tairua. Rioken Hills—Sellers Is 4d. Wa-ihi Grand' Junction—Buyers 34s 9d, sellers 35s 6d. Investment Stocks. National Bank—Sellers £6. National Insurance—Buyors £1 7s, sellers £l 7s 9d. U.S.S. Co.—Buyers £1 13s 6tl, sellers £1 13s 9d. Milburn Lime and Cement (£lV—Buyers £1 8s 6(1. N.Z. Paper Mills—Sellers £1 2s 3d. AUCKLAND STOCK EXCHANGE. (Per United Press Association.) „„ AUCKLAND, December 8. The following sales wore reported at the afternoon call to-day :-Kuranui, 6d; Kura-mil-Caledonian, Is 4d; May Queen, 2s 7d, 2s 8(1; Waiot.ahi, 4s 10c!; Watchman, Is sd, J S i ii ' Consolidated Golafiekls. 18s 6a; Old Hauraki, 2s, 2s Id, 2s, Is lid, 2s; , o, IS?' 4s 8d! : Tairua Br °ken Hills, J? Talisman Co., 46s 3d, 465, 45s 9d, 5, e, ' , W{llil> ' Grand Junction, 355, 34s 3"ls 6d, 34s 9d; New Waitai, Bd.