MINING.

Otago Daily Times, Issue 14926, 31 August 1910, Page 9

MINING.

The master of the Olrig dredge reports that there was a sliglit improvement in the wash in places last week, but parte of the ground "wero deeper than- usual. Tho master of the Mystery Flat dredge reports that he worked the western and centre seotions of the claim last week. The bottom was deepening on the west side; otherwisa there was no change of any importance. The Masterton dredge had a good run last week, everything working well. Tho depth of tho growid was unchanged., Tho master expects within the next two weeks to get on to rising bottom on the eastern boundary, cloao to where it was met with in the adjoining claim. Th« wash was still looking fair. There was a considerable amount of clay false bottom close to the eastern boundary.

The Secretary of tho Nokomai Hydvaulio Sluicing Company reports that water is plentiful. There was a. delay for a fewhours at No. 1 elevator owing to a leak in the bottom of the race, but the progress made has been good, and everything is again in good working order. The weather" is very stormy-vvain and snow to a depth of seven inches on the flat. No. 2 has made; good f'Togrca. The snow has interfered :with cleaning the Lion race. A. .''Nevis' correspondent of tho Groinwell Argus writes stating that tho miners are now returning 'to make another .start. The Lower Nevis sluicing claim made a start last Wednesday—and the coal teams arc expected out any day now ,to get coal for the dredges. The winter has lsen a very mild one, and although, there is not', a great quantity of snow on tho low country, the early fall was a good one on the high levels, so with a few good rains during the summer the water supply should no better than last season.

Reporting for tho week ended August 27 tho master of the Waikaia dredge states that the ground became poorer very rapidly during the- last few days of the week, and it. is possible that he might. 6trike a block of very pool" ground before' reaching 'the gold which ran into the block higher up tho claim. There is good ground goingdownstream, but at present it would not suit the working conditions of the claim to_ follow it. Tho face is'_ roughly 100 yds wide', nnd embraces the river portion of the dlaim, the depth being from 23ft to 25ft, .with a red clay bottom. DUNEDIN STOCK EXCHANGE. The market oir 'Change yesterday was dull, the only stock in which business was dono being Ross Goldficlds, in which one parcel changed hands. Island Blocks wero - quoted at buyers 3s 3d, sellers 4s, and buyers of. No Town Creeks continued to offer 6s 9d, without drawing selling offers. Thero was a buyer of Pactolus shares at 4s 6d, without sellers. Rise and Shines were.Wanted at £2 Is, and Rising Suns at £2 0s 6d, in each case without sellers. Ross Goldficlds were stationary, closing with buyers at 2s 8d and sellers at 2s 10d, with a sale in the morning at 2s Od. Thames stocks were about even, with no business. There was a margin of Is fxl between buyer and seller in Talisman. Consolidated?, the quotations being buyers £2 lis 6d, toilers £2 13s. Wailii-s, which closed on Monday at buyers £7 15s 6d, sellers £7 16s 6d. were considerably easier, and closed at £7 12s 6d and £7 14s respectively. Thero was a sale reported at £7 14s. Waihi Grand .functions \v«o even, bnyors offering £1 16s 3d and sellers askinjr £1 17s. In investment slock* Perpetual Trustees wero wanted at £1 0s 6d, without sellers, and Milburn Lime and Cements continue lirm at buyers £1 19s 6d. sellers £2 0s 6d, with a reported sale at £2. Sales :-R0 53 Goklficlds, 2s 9d. Sales reported :-Morning: National Banks, £5 17 s; Milburn Lime, £2; Christchurch Gas (new issue), £9 12s 6d. Afternoon: Waihi, £7 14s: National Mortgage (London, register), £3 2s, The following are yesterday's latest quotations, subject to the usual brokerage:— Dr.i:nr;iKO Stocks, Blaofewater—Sellers ss. ' Electric—Sellers 4s. Hartley and Riley—Sellers 18s. Island Block—Buvers 3s 3d, sellers 4i. Koputai—Sellers £1 Is 6d. No Town Creek—Buyers 6s 9d.Ota^o—Sellers 16s. Pactolus—Buyers 4s 6d. Rise and Shine—Buyers £2 la. Rising Sun-Buyers £2 Os rjd. Mining Stooks. Muddy Terrace—Sellers £1 2s, Ross Goldlields-Buyers 2s Bd, sellers 8s lOd.

Nokomai Hvdraulic—Buyers 15s. Bavowcod—Sellers Us. May Queen-Buyers 3s IOJd, sellers 4s. New Sylvia-Sellers 4s 2d-. Old Haurnki-Buycrs 4s 6d, sellers 4s Bd. Watchman-Buyers 2s 2d, sellers 2s sd. Talisirnn Consolidated—Buyers £2 Us 6d sellers £2 lis. ' Waihi-Buyers £7 12s 6d.' sellers £7 14s Waihj Reefs Consolidated-Buyers 5s Id "aihi Extended—Sellers 2s 10d. Waihi Grand Junction—Buvers £1 16s 3d, sellers £117s, Investment Stocks. N.Z. Insurance-Buyers £4, sellers £4

U.S.S. Co.-Buyers £1 15s 6d. Wcotport Coal Co.-Bu.vcra £6 9s 6d. N.Z. Coal and Oil-Sellers 5s 9d. ' TwT'.Mr o '''^ 0 po.-Buycrs £3 4s 6d. Peinetol Trustees Co.-Buyers £l 0s 6d. Milburn Lime and Ce msn t (£l)-Buyors il 19s 6d, sellers £2 0s 6d. Mosgicl Wqolfon Factory-Buyers £3 4s. M Lecd s Soap-Buyers £14 ss. AUCKLAND STOCK" EXCHANGE. (Pw TJ.wfcD Priss Association) . AUCKLAND, August 30. u I '", e ,J oUowj ne was the business done at the 315 p.m. call:-May Queen Extended, ™! P°®-&>klfieldß, & 4d.; Old Hauraki, 4s /(I; Talisman Consolidated, £2 12s 9dHaini, £7 14s 6d, £7 15? 6d, £7 15:,, £7 15s fxl; Wiseman, Ltd. lord.), 18s. WELLINGTON STOCK EXCHANGE. (Pitt Ukitxd Press association.) WELLINGTON, August 30. The following were to-dav's mining sales:—Talisman (rights), £1 ss"; Talisman, £2 10s; Waihi, £7 15s 6d. The following sales wero veportod:— Waihi, £7 14s 3d, £7 16s, £7 14s, £7 13s 9d, £7 15s 3d, £7 13s fxl, £7 13s 9d, £7 14s; Waihi Grand Junction, £1 16s 6d; ,Ross 'Goldficlds, 2s lOd; Tairua Broken Hills, Is lOd: Talisman, £2 10s; Talisman (rights), £1 sti 6d. ,