MINING.

Otago Daily Times, Issue 14898, 29 July 1910, Page 6

MINING.

The return from the Masterton dredge is 28oz sdwt for 123 houis. . "A -rotu.ru of 9oz 12dwt for 132 hours' work is reported from the Koputai dredge. The secretary of the Sailor's Bend CSompany reports tiwfc he repoived « wiTo jceterday_;fram the dredgemaster stating that ho had oommenoed work on -Monday morning, but tfwv toiler and the second-motion slwft wero giving trouble. For 131- hours' -' dredging tbo Mystery Flat, dredge secured a return' of 260z 18dwt of gold. A return of 630z of gold was obtained by the Stajiley Parioalp dredge for seven days 14 l>onre' ; ivofking un to July 14. Mr F. W. Payne, sebrpi&ry of the Para* ca.lo Gold Dredging Company, has 'received a cablegram from the company!s -manager .mvitl? a rot-nrn' of 102oz for two weeks', dredging, opening Out. '• Tho following irtessago has bean received by .the Duncdin Stock' Exchango from tho secretary of tho New Big River Company; " Reef out, No. 10 level, not sufficient work done to ascertain width and value." The master of the Waikaiia dredge reports _ that there is no alteration to chroniclo in regard to the. position, or direction of the dredging line. The' ground still continue; shallow, \titli heavy stones in tho- wash. The run of blue wash ran out-sin tlie west eofnor, and ohanged to a jumbled wash over tho rest of t.hc face, bnt continues payable. , The mas tor of the Sandy Point dredge reports as follows" Dredging time since stoppage, '174 hours; average height of face above . water level, 25ft; distance workod ahead, 16ft; width of cut, three chains - and a-half. The average depth is 30ft. The face above water level still remains very driftv, and prospecte keep about the same (is lor the previous week. The greatest .trouble afc present is with the tailings. Slacking room at present is very tight-, causing us to miss the bottom in/j piaecs aero® tho cut, and also to harrow] the width of the cut, DUNEDIN STOCK EXCHANGE. A_ fair amount of business was transacted ,on_ 'Chango yesterday, the-majority of itbeing for 'forward delivery. Goldon Beds (cum div.) were on offer at £1 2s fid, with-, out buyers. A parcel of No Town Creeks changed hands at 7s 9d, and the market closed with buyers at 7s 6d.and seHei's 8s 3d. Rise and SKines firmed to buyers £2 2s 6d and sellers £2 3i 6d. Ross Goldfields finned slightly, and Muddy Terraces were easy 'at buyers £1 and sellers £1 2s 611. Waihis were-firm at buyefts £8, 2s and sellers £8 4s 6d, and two- parocls changed hands for forward delivery at £8 4s. In W-ailii Grand Junctions sale? took place at £2 Gs 6d and £2, and, for forward deliveryat £2 0s 9d and £2 Is. There was also a reported l eale- at £2, the an&rket closing easy with buyers at £2 Os 3d and sellers £% to 6d, Investment stocks wot© quiet-, no sales taking place on 'Change, though there was a reported sale of New Zealand Drugs at £2 12s, and sellers firmed slightly, closing at £2 12s 6d, without bityers. , • Sale?.—No Town Creek, 7s 9d; Waihi Grand Junction, £2 Os 6d, £2 (forward delivery), £2 Ob 9tl, £2 Is, £2 Is 3d; Waihi (forward dolivcry), £8 4s, £8 4s. Sales Reported.—Morning; New Zealand Drug, £2 12s. Noon: Waihi Grand Junetioti, £2. ) TJic. following are yesterday's latest quo- j tations, subjoct to the usual brokerage;— Dredging Stocks. 1 Blaflkwnfnr—Buvers 3s 9d, sellers 4-; - Set. Elo:tric—Sellers 4s. Golden Bed (cum div.)— Sellers £1 2s 6d. JTanuhcrikia i -Sellers 13s. No Town Creek—Buyers 7s 6d, sellers 8s 3d. - Rise and Shine—Buvers £2 2s 6d, sellers £2 3s 6d. Rising Sun—Sellers £2 3s. Minikg Stocks. Ross Goldfields—Buyers 10s 9d, sellers •lis 6d. Muddy Torrnce-Btivcrs £1, sellers £12s 6d. " Consolidated Goldfields—Sellers. £1 2s 6d. Progress Mines of New Zealand-Sellers 15s. Kuranui Caledonian—Buyers fs • 5Jd, sellers Is 9d. ' May Queen—Buyers Is 3d, sellers 4s 6d. Now Sylvia—Buyers 4s 2d, sellers 4s sd, Old Hauraki—Buyers 4s lOd, sellers ss. Talisman Consolidated—Buve,rs £2 13s 3d, sellers £2 14s. " - I • i —.—- —. j , " UNSEED CQJCPOUND," for Coughs I and Colds. Relieves Asthma and difficult breathing, .

Wailii—Buyers £8 2a, sellers £8 4a 6d. Waihi Rssfa Consolidated—Buyers 5a 6d. Waihi Extended—Buyors ss, pollers 5a 3d. Waihi Grand Junction-Bayers £2 Os 3d, sellers £2 03 6d.' ■ Investment Stocks, . National Bank-Mere £6 Is. National Inaiinmoo—Buyers £1 He 3d. Stand tad Insunmoe—Buyers £1 55., Now Zealand Coal aitd Oil—Soliora 6s. ■ National Mortgage Company—Buyers £3 3s 6d. Milbuor lame awf Oemgnt (£l)—Sellers £1 19s. Now Zealand Drug Company (£2)Sellsrs £2 12> 6d. New Zealand Paper Milfe-Sellere £1 2s od. Donaghy's Roue and Twine—Buyers £1 3s 6d. AUCKLAND STOCK EXCHANGE. (Pxr "United Peess Association.) ' . AUCKLAND, July 28. oi t business was done on tho brook Exchange this aftcsnaon:—May Qiwi 4s 4d; Waiotalii, 3s lid ; Ross Gold fields, 11.6; OH Hawaki; 4s lid: Karaugahake, Id; Tainm Golden Hills 2s 9d, 2s 8d; 'Waihi, £3 4s 64j Waihi Grand Junction, £2 Os Bd.

'WELLINGTON STOCK EXCHANGE. (Per United Press Association.) . WELLINGTON, Juh- 23. Ihe following wero to-day's sales:-Waihi Grand- Junction, £2; Ross Goldfields, 10s Sd, 10s 7£d, 10s 6d, 10s Bd, 10s 9d, lis 3d, lis 6cl ! ; Old Hauraki, 4s lid, Tho following sales were reported:—Talisman, £2 13? 3d; Ross GoldlkJds, 10s 7d, 10s „<l, 10s 8d; Old Hauraki, 4s Ud; Tairua Broken HiUs, }g 9Jd!; Waihi Grand Junction, £2; New Sis' River, £2 5s 6d.

CANTERBURY STOCK EXCHANGE. (Per United Paras Association.) ' CHRISTCHURCH, July 28. following were today's sales on Change:—Booth, Mao Donald Co., 19s 9d; Waitangi Consolidated, 2s 2d ; Ross Goldfields, 10b 6d.

Sales Reported.—Christchurch Gas, £10; Talisman,. £2 13s 6d; Ross Goldfields, 10s 3d to "10s 'Bd. . ■

MYSTERY FLAT GOLD DREDGING COMPANY. Tho. following is the annual report of the directors of tho. Mystery Flat Gold Dredging Company to bo presented to the annual mooting of slrarehakkjts:— "In making; their rsport for the past 12 months tho directors have to express their rosret ftatit is not of a more favourable tmtuno. Tho explanation of the change in' the company s fortunes is that in November last there was an unfavourable change m the character of tie ground, a large part of it becoming unpayable, while, tho presence _of timber in tho paddock hamr psi'od to a considerable extent. tho dredgo is now, however, clear-of the timbsr, and there are indications of bettor ground eoming in. Tho revenue for tho year wns £3810 below that of tho previous ono, and the expenditure ■ (irrespective of mconve tax) £292 las. - Tho . good impair in winch the'bridge was kept enabled' tho previous year s veoord 1 of 6048 working bourse to -bo exceeded by four hours. Af tor a re-survey m September Jast a, large part of tho worked ground was abandoned, ami-two new pieces mj the upper end' of the claim) token in, Tho total of unworked ground is .now a'lxmt 40 acres, winch should li It continues payable.; give about 'three yea.R> dredging. The retiring director is Mr Alex. Cowie, who offers himself for melection. Mr James Brown, tSo retiring auditor, also /offers himself for reappointment."

Tho balance sheet shows that deposits, with accrued interest, amount to '£619, the cash m the bank amounts to £153; and tho value of the gold in transit is £56. Sundry creditors stand at £272, Tho 'total expenditure during the year amounted to £3031. Included ;in tihis amount is the eum of £3031 paid in dividends, equal to lis per - share. Tho amount of gold won was lJ3loz, of the value of £5296.