MINING.

Otago Daily Times, Issue 15100, 24 March 1911, Page 6

MINING.

Owing to yesterday (Aimrrersary Day) being a general holittuy, there "was m> sitting of tlio Dunedin Stock Exchange. The secretary of the Kising San Company telegraphed yesterday from Cromwell stating- that the dredge's centrifugal elevator shafi broko on the previous evening and was being forwarded lo Duncdiu for repairs. As tho river is so low (says the Oromwell correspondent of the Dunstan Times), tho gorgo dredges avo doing well —especially tho 909, as her week's return again exceeded three figures. There is a splondid stretch of virgin ground ahead, on tie beaches of which rich gold was got in the early days. The outlook for the fortunate shareholders is a rosy one.

Tho Rising' Suir dredge has perforce to work some .old ground on her top boundarVi as tho river is too low to allow a dredgo of. her size to drop dovra to commenco another -cut

On the Clutha. River, Rise awl ShineNo. 1 dredge keeps up her good returns, and Messrs Miller have a good • staff of men preparing to raise the submerged No. 2. From tha diver's report it appeal's probable that this will be successfully accomplished. So far no big hole to account for her midden foundering has been discovered.

The master of the Sailor's Bond dredge, writing on tlho 21st inst.,' says that in the place whore ho lately shifted to up tho river tho ground was too deep to bottom in tho middle of tho river, whilo on tho west side, where the best prospects were obtained, ho could not, work on account of tho boulders. He therefore decided , to drift down to a part of the river whore ho had worked many years ago. At that time the dredge was getting from COoz to lOOoz a week, but a flooil came Sown, and the dredge was shifted up to shallower ground and was never taken down again. Tho present dredge has a longer ladder, and. .is the river is now very low. the chances of getting gold arc much better now than liicy wore before. The drodgemaster has been desirous for some timo to go down to that place. In a telegram received by tho secretary hist evening it was stated that the dredge was token down all right and started dredging yesterday morning at 9 o'clock

WELLINGTON STOCK EXCHANGE. IPeb United Peess Association.)

WELLINGTON, March 23.

The following were to-day's mining soiloi: —New Sylvia. 3s: 'Wa'irangi, 2s; Waiihi. £3 4s 9d; Talisman, £2 9s. The following saJes were reported:—Waihi Grand Junction, £1 7s 3d, £1 7s 6dNew Sylvia, 3s; "Waihi, £3 4s Bd.

CANTERBURY STOCK EXCHANGE (Pee United Press Association , .) CHRISTCHURCH, .March 23. Tho following sales wore reported on 'Change to-day:—N.Z. Farmers' Co-op., £2 12s; New Sylvia, 2s lid. 2s lid; Waihi £3 4s 9d.

AUCKLAND STOCK! EXCHANGE. (Per United Peess association.) AUCKLAND, March 23. The following business was done at the 3.15 p.m. call:—New Sylvia, 2s lid; Mount Welcome, 3|tl; Talisman (cont,), £3 fc; Waihi Grand Junction, £1 7s 3d; South British Insurance, £3 11s.