MINING.

Otago Daily Times, Issue 14899, 30 July 1910, Page 11

MINING.

_ In reporting for the week ended 23rd inst/ tbo master of tho New .Trafalgar dredge stated that tho return Was won from :4to crcok. section. There was no change to iflppit on tho face, The dredge shifted to section.on the day of writing. Writing under date July 28', tlio master of thi Central Charlton dredge reports' as follows on tho operations now being con- • .'ducted for lowering tho water in tlw pad-' . ddok sti.fßciohtly to get at tho mmkM dredge: ' " Wo'aro having very bad weather hero, and (hero iii a greit stream of water in the valley at present. This is keeping ua back with* tbo work, and wo have a very cold, wet job. The sides of tho channel keep ocrming in with tho (low of water, and Unless Wo got drier weather we will have to rrvako a wider channel und bring up more fall, a«d eorub Mm> sid'tfl as wo go along, TJib will talfo throo or four days." ' Tho Sailor's Bend dredge has met with ' ii succession of misfortunes since starting . lost Monday morning. After working about 12 hours the first-motion shaft got so hot aiid was cutting into tho brasses, that tho machinery had to bo stopped for .some con- . aidcixvble time. The noxt trouble was with the boiler, the fusibio plug blowing, out. Tlreii another stoppage bad to bo mado. .Work'was started again on Thursday morning,, and good progress was being mode in gottmg, down, but, unhappily, the funnel came 1 down and foil overboard. Another funnel was procured in Alexandra, and it . is ospobtud that ( \vork will be resumed today. _ A dividend (tho forty-sixth) of ono shilling per share, payable on Thursday next, irna been declaimed by the directors of tho Ao Town Creek Company. ' '■ - DREDGING RETURNS. Oz. dwt, gr. jfenuherikia, Alexandra, ISOlus .:. ... S3 0 0 Wstikaia, Waikaia, 134hra ... "48 .3 0 Maslertoii, W«ikaia, 1231>r5... 28 5 0 Mystery Flat,- Wa-ikaisi, 131hrs 26 18 0 Hartley and Rilov, Cromwell, 26Wirs 22 0 0' Chicago, Aloxandra, 133h» ... 13 0 0 Koputai, Woikaia, 132 lire ... *9 12 0' ' AUCKLAND STOCK EXCHANGE. (Per United Press Association.) AUCKLAND. July 29. Tho following business was done at the afternoon call to-dayKuranui Caledonian, Is 8d; May Queen, 4s 4d, te-ftlj' Mount Zeelmn (cont.), 6Jd; Ros 3 Goldfields, • lis Id; Bendigo, 4d; N.Z. Crown, 4 S 7d ; N.Z. Crown (options), 2s; Waihi Graird . Junction, £1 19a 3d,- £1 19s; Mountain Kiiw (p.u.), lOd; Waitahi, h 8d; Tairua. Golden Hilts, 2s 8t) ; Wn,ihi, £8 4s; Watchman, & Id; Waihi Consolidated, '5s 6d'; Ghampion, 2J<l; 'jKauri Timber (cont,), 17s 6d. i WELLINGTON STOCK EXCHANGE. .. (Per United Press Association.) WELLINGTON, .July 29. The [oikwing were May's mining sales: May Queon, 4s 6(1, 4s 4d, 4a s{d, 4s 6d; itoss Goldfields, lis 6(1, lis 6d; New Big Rivor, £2 7s 6d. The following sales were reported':— Waihi Grand Junction, £2, £1 19j 6d, £1 18s Od; Ross Goldfields, lis 6d, lis 9d, 12s, lis 9d, lis 6d; May Queon, . 4s 4<l; Now Sylvia, 4s lid; Saxon, Is Bd> LONDON STOCK EXCHANGE. Prwfl Asfiocifttion—By TelcKrnDli —C'opvn^nt, LONDON, Julv 28. "Wailii: Buyers, 157s 6d; sellers, 1605.. Wailii Grand Junction; Buyers, 40s;'sol- . tore, 41s 3d.' DUNEDIN STOCK EXCHANGE, Throughout the past week the market on . 'Change has been active, a fair amount of business .taking placc. In investment stocks " National Banks were on offer in the early part of the week at £6 Is, without buyers till when there was a buyer at £5 19s. Business mis reported during the weelc at £6. Bank of New Zealands have been firming steadily. Tho.v oponed at the beginning of tho week at buyers £10 lis, without sellers, subsequently firming .to £10 I6s, Business haa'been ropbrted at £10 17s, £10 18s, and £10 18s 9d. 'National Insurances closed firm, buyers offering £1 lis 3d, without sellers, with a reported sale at £1 lis 6d. New Zealand Coal and Oils eased sortiowhat towards the end of tho week, and closed yesterday at—buyens 3s, sellers & bd. Union Steams wcro wanted at the beginning of the wook at £1 15s 3d, but no business took place. Milbum Lime and Cements havo stood about evon, awl closed with buyers at £1 16s 6d ( and sellers at £1 18s 6d. New Zealand Portland Comfints have showed little change in values, tkmaghy's Ropes closed on Thursday with a buyer at £1 3s 6d, without wiling offers. . On Wednesday buyers were 3d firmer, and & sale tool; place at £1 4s. New Zealand Paper .Mills closed slightly easy at £1 2s 3d, With sellers at £1 2s 6d. Thero was a reported sale on Monday, and another yesterday—both at £1 2s 6(1. In dredging stocks thore has not been a giseot deal of business. Rise and Shines ■opened on Saturday with a buyer at £2 2s, without eellers. They firmed to £2 2s 6d on' Monday, but eased again on Wednesday. Since then, however, tliey have' elvown a firmer tendency, closing yesterday with buyers »t £2 2s 9d, and sellers at £2 4s. itising Suns have been easy. Sailor's Bends havo fluctuate*! somewhat, but no business has been done. On Tuesday Nq Town Creeks firmed to—buyers 7s 9(1, sellers 8s 6d, froii' the previous day's ■ buyers 7s. iukl though they ca£cd somewhat on Thursday, they closed firm yesterday— buyojis offering 7s 9d, and sellers asking Bs. □.'here was a 6ale on Thursday at- 7s 9d. ■ In _ Hie mining division there has been a brisk market. Ross Goldfields havo oxtHwted a good deal of . Iluctuatioxi in Values. At the beginning of the week they stood at buyors 9ij Jd and sellers lQs, , " r wed on Tuesday to buyers lis 3d and idlers 12s, finally closing yesterday with buyers at lis and fellers at lis 6d. uusitie® has lxy>n joported during tlw Week at Us 6d and Us sd. Muddy Tertscos nave shown an easing tendency, and dosed j-csterday at buyere £1 and sellers 4/1 CO. A jiarcol eliaiiged hands on Wednesday at £l. May Queens closed about even, flyers offering 4s 4<l and sellers aski|)g 4s od. There has not Loon much variation in the values of Okl Hmirakis, and the iiiarkofc closed yesterday* witji buyers offor* ing 4s 8d and sellers asking ss. Tliere w«? » sale of May Queons yesterday at 4s 4{d, | but. fto business has been done in tho rest' of tie Thames division. TsKsman Consoli*

dateds wet<> slightly easy towards the dose of tlio week, and'closed with setters asking £2 14s, without buyers. On Saturday two pafoeJs changed hands at. £2 13s 6d. There was also business reported during the week at the same figure. Waihis have shown a steady firming tendency all tho w«k. They wore without buyers on Satufday, wllers asking £7_ 18s. From that they gradually firmed till yesterday, when buyers olForal £8 2s without sellers. On Tuesday a sale took place at £8 and, for forward delivery, at £8 3s, while on Thursday two forward delivery sales took plac© at £8 4 1 ;. There has, in addition, been a good deal of business reported in this scrip during the week. Waihi Grand Junctions were firm up till Wcdnerday at buyers 52 Is and sellers at £2 Is 6d, casing the following day to buyers £2 Os 3d and tellers £2 9s 6d, and finally closing easy yesterday at buyers £1 18s and sellers £1 19s. Business tcolc place on Saturday at £2 Os 6d. on Monday at £2 k ■'<!. on Tuesday at £2 Is and (for forward delivery) at £2 Is 6(1, on Wednesday at £2 Is 6d and £2 1b 9d, on Thm-lay at £2 Os 6d and £2. and also (for forward delivery) ;vt from £2 Os 9d to £2 Is 3d, and yesterday two sales took place at £1 19s 3d. A glance at tlioM prioss suffices to show tSe tendency of the . market. .

Satos.—May Quewi, 4s 4Jd; Waihi Grand Junction, £1 19s 3d.- £1 19s 3d.

Kale; Rpnorfod.—Noon: Waihi Grand Junction, £2 0s 3d. Afternron: Wa'hi Grand. Junction, -Bl 18s 3d; Ros? CoMficMs, Us sd; Otaco Daily Times.. £23: Waihi, £8 2;; New Zealand Paper Mills, £1 2s id. Tlw following.arc yesterday's latest quotations, subject to tho usiial brokerage:— Dredging Stocks, Blaclavatcr—Sellers ss, Golden Bctl—Buyers £1 Os 3d, sollers £1 Is 6(1. i Mamiherikia—Sellers 15s. Nelson Creel:—Sellers par. .« No Town Creel;— Buyers 7s 9d, sellers® Bs. Paetolus—Buvors. 4s 6d. Rise and Shine—Buyers £2 2a 9d, sellers £2 4s. ' , -i Miking Stocks. . i . Ross Goldfields—Buyers lis, sellers lis 6d. Muddy Terrace—Buyers £1, eellers £1 2s 6d. '. • Consolidated Goldfields—Buyers £1 Is 6d, sellers £1 & 9d. • Progress Mines of New Zealand—Sellers 15s 6d. May Queen—Buvers 4s 4d, sellers 4s 6d. New Sylvii—Scllerr, 4s 4d. Old llaiiralii—Buyers 4s 9d, sellers ss. Pison—Buvers, Is 3d. - Talisman Oonfblidated—Sollers £2 14s. Viclerin—Buyer.? Is Id. Waihi—Buyers £8 2s, Waihi Extended—Sellers 3s 3d. W.iilii Grand Junction—Buyers. £l 18s, sellers £1 19s. • , , Investment Stocks.National Insurance—Buyers'£l lis 3d. New Zealand Coal and Oil—Buyers 3s, ssllcrs 5s 6d.' ' Milburn Lime and Cement (£l)—Buyers •51 16s 6d, sellers £1 18> 6d. *. . i Nsw Zealand Pirocr Mills— £1 2s Sd, selleis £1 & 6d. . '• , - New Zsaland, Portland Cement—Sellers £2. . .. NOTES FROM CROMWELL. (Fp.oh Our * Own Cohhesppndeht.) CROMWELL, July 29. 1 h?. weather is now fine, with Birany days and hard frosts at night. Th'e river is at n very low level, and' there is not a great quantity of snow on the high, oountry. Reports received this week state'there is very iittlo enow on the Nevis. Consequently, tho outlook for a plentiful water supply for the sluicing claims is not too bright for tho ooimng summer. -V Dredging matters :ux> very quiet, a,nd nothing in the way of big returns is o.ypscted. Both tho Rise and Shine dredges - are working- steadily, and tho Rising Sun is busy with the annual overhaul-while wait- ■ ing for the new tumbler to arrive. Only a few men are working at the Bendigo mino as yet-, as there is a. lot to do dono bsforo a largo staff is employed. It ts stated here t-hat a large company has been floated to open up the Cawter Range reefs, but, so far only a few men have baen employed prospecting. GOOD CHANCE .GOLD DREDGING COMPANY. The 'annual gcnaral" mecijtxr of' ffcreholdors in the Goal Chance Gold Drcdgin-r Lom])any \V3s hold in Ihc secretary's o/Hco yesterday afternooir. Tlkto to a good at-a-nx3 Mr Tliomaa presided, The Ohairinan, in moving the adoption of the Annual renort (already published and baknea she-jt. said tlio dredge was now working in the centro of tho riwr. I llcy had had two very bad accidents, but the dredgo had now started again, and', in another week's time thev ho[K<l to havo a- good return. As the: li'ver was at present very low and hard frosts had' set' i_n, they exiKcted to get a . good run of dredging time. If the river,went up. they could £<> into tho tank claim. As they had bssn notified by circular, their directore had built up a reserve fund of fomething like £2000. This was a very jrcccseary provision in a gorge claim. The motion for fcho ,uloption of tJie re})crt. ftixl bnlaiwio shot v/na and ,earned.

The Chairman mentioned that t%y had a- dispute with tho Island Basin Comnanv, wniolt had gone, on to the Good Cfornca Company's ground. The Good Chance Company had appointed a eurvevor, who had foural that the Island Basin'.title hml overlapped the Good Ghanco Company's clam) for a. certain distance. ' *

Mr Thranos Glendnuitg was "rc-ekctal director and Mr E. R. Smith wal; reelpctod auditor at a. fee of £5 Ss. It was resolved that t.lip directors'" fees bo £50, as heretofore, the aiflouwt to to divided among them as they think fit. . . , Votes of thanks wero accorded to ; tho directors, ore! also to tJi<j dtetlgeniaster (Mr James Richmond), {or the a,b!o and careful manner in .which lie jisd carried out las duties during tho year.

BOXING. NEW ZEALAND TEAM SELECTED. (Per United Press ; Association.) PAUfERSTON N„ July 29. ihe following team has been selected to represent New Zeailand at the A.Mnv lasian ohanipionshins at Auckland on genlembsr 2 and 3:- 1 Woltcr-weightj Watohorn (Manawatu). Middle: Jlatthewso'a (Otago); emergency, Lister (Timaru). * Heavy: I'ooley (Auckland); emergen&y, Kuston (Oiago). • Bantam: Ellis (Wellington). Feather-weight: Hoggarty (Timaru) and Kerr (nelson); emergency, Shields (Manawatu). > ..■'■■■ Light: Simpson (Christchuroh); emergency, Thomas (Manawatu). Watchorn (Mti.'nawatu) ,has been, awarded the gold medal presented"by tho Matdwatu Boxing Association for the m<isi> scientific boxer at the competitions held hero this woek., « COURSING. ' o-——'. PALMERSTON NORTH MEETING. , I'er U sited I'ap.ss AsnoctATioK.' PALMERSTON N.', July' 28. The concluding day of tho July meeting of the Palmor.iton Coursing Club was held 111 glorious weather, another fine . day's sport being enjoyed. Results:— -MANAWATU HUNDRED, Fixal. 1 Mr Dowircs's Daystar beat Mr Thompson's Rubcroid. NORTH ISLAND CHALLENGE CUP. Final. ' Mr A. H. Rogers's Hazel beat A. T. Richorde's Gold Quartz. SUPPLEMEXTARy. STAKES. Fikal. Mr A. H. Rogers's Tho Dart beat Mr Havill's Barnes's Bluff, after asevere oouree. AFTER TWENTY YEARS' , SUFFERING. ' . RHEUMO RELIEVES RHEUJfATISM.

Nearly a quarter of a century is a, long time to suffer. Imagine being eonij>el!ed to enduro the agonies and tortures of ' Rheumatism and Sciatica for one-third of the allotted span. It scorns almost incredible that such suffering could bs borne : •0 .Yet one lady had to bear the i awful pains of Bhcuniatigm and Sciatica for over a ecoro of years. She tried "mm : n^'i^ rc, ! lcdlM " I)ut a! 1 of them failed, IUjiHJMQ the only cure for Rheumatism .and kindred complaints, was signally suectssful. But read her story in lior own words:— 1 Having suffered for over 20 years with Rheumatism and Sciatica, ' I tried niany euros but did not derive much T>SrM-T> tliem. I was advised to try , KHhl ilO, aivd «m vecommtmd it to anvono as it is the only thing that has done • ma good. A singk tloso will give relief.-,! Elizabeth Mowat, Gore." RHEtJMO is sold bv all chemists and I stores at 2s 6d and 4a W.