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MINING.

The Sandy Point dredge recommenced . operations on Friday afternoon. I The Rising Sun dredgemaster reports that ho is still opening out on thceastorn boundary. < Tho secretary of tJio Paracale Company . reports a return of 80oz for 200 hours' work. In telegraphing a return ■of 61oz lOdwt tho master of the 909 dredge states that prospects aro fair. DREDGING RETURNS. i There havo been 18 dredges at work throughout Otago during the past week, tire nggrcgato return from which has been I 4860z lldwt, or an average of 270z , per dredge. Two West Coast dredges ' obtained 87oz 18dwt. The following are. tho details:— Oz. dwt gr. SO9 Dredge, Cromwell 61 10 0 Koputai, Waikaia, 116hra ... 47 0 0 Eloctrio No. 1 Cromwell, llOhrs 45 9 0 Rising Sun, Cromwell, 133hrs 44 0 0 Otago, Island Block, 134hrs ... 43 0 0 Golden Bed, Miller's Flat, 128hrs ..; 38 6 0 Karaunui, Alexandra, 4 days 32 10 0 Electric No. 2, Cromwell^ 128hrs 31 12 0 Lady Roxburgh, Roxburgh, week ..." 22 4 0 : Mastcrton, Waikaia, 134hrs ... 19 16 0 ' Waikaka United No. 1, 132hrs 18 2 0 Manuherikia, Alexandra, wk 16 0 0 Waikaka United No. 2, Waikaka, 129hrs 14 1 0 Central Charlton, near Gore, 128hrs 13 13 0 Golden Sun, Cromwell, week 13 7 0 Waikaia, Waikaia, 12&hrs ... 10 15 0 Golden Treasure, Miller's Flat, week 10 0 0 Olrig, Mairuherikia, week ... 5 6 0 Total 485 n n The West Coast. Wcrksop, 128hrs 70 1 0 Success, 127hrs '. • 14 17 0 Total 87 18 0 DUNEDIN STOCK EXCHANGE. Several sales took place on tho Stock Exchango on Saturday, and a fair number were reported. The dredging division was quiet, with little business. Electrics were wanted at 2s, and there was a seller of Mystery Flats at 9s, without a buyer. Rise and Shines wore on offer at £1 18s 6d, while .there were buyers of Rising Suns at £2, and of Worksops at £1 18s, without bringing forth a seller of either. In the mining - -division Now Sylvias experienced a further firming, and were sold on 'Change at 3s 6d, whilo business was reported at 3s 4d. Tho market closed,firm with a buyor offering 3s 4Jd and a seller asking 3s 6:1. Business was transacted in Talisman Coir- , solidateds at £2 9s 6d, and there was a further seller at £2 10s, but no buyer. Waihis were firm, and wero reported as changing hands at £3 7s 3d, tho market closing with a seller at 3d more, and no buying offer. Waihi Grand Junctions continue to maintain a rather surprising firmness, and business ivas reported at £1 7s 8d and £1 7s 9d, the stock closing, still hard, n! o a buyor at £1 7s M and a seller at v „ , In tho inV(!st ™«nt 6tock section New Zealand Insurances wero wanted at £4 9s 6d with a seller at £4 10s 6d, whilo £3 14s 3d was offered* for South British without avail. A sale was reported in Union Steams at £2 Is 9d, and at the midday call there was a further buyer at £2 Is 6d but no seller. Westport Coals wero quoted at £1 9s and £1 9s 9d, buyer and seller, while National Mortgages were wanted at £3 Bs, with noire- on offer Salos.-New Sylvia, 3s 6d; Talisman Consolidated, £2 Ss 6d. i Sales IWted.-Waihi Grand Junction, £1.7s Sd, £1 7s 9d; Waihi, £3 7s 3d Union Steam, £2 Is 9dj New Sylvia, 3s 4d. . Iho following are Saturday's quotations, subject to tho usual brokerage:— DItEDCIN'C STOCKa Electric—Buyers 2s. Hartley and Riiev—Sellers 16s. Mystery Flat-Sellers 9s. Rife and Shine—Sailers £1 18s 6d. Rising Sun-Buyers £2. Sailor's Bond—Sellers ss, Worksop—Buyers £l 18s. JllN'lXG Stocks. Roxburgh Amalgamated 5s Coifc-olidated Goldfieids—Sellers £1 Is May Queen-Buyers 2s 7d, sellers 2s'9d New Sylvia—Buyers 3s 4R sellers 3s 6d. Saxon—Buyers 2s Id. Watchmanr-Buyers 2s. Talisman Consolidated-Sellers £2 10s Waihi—Sellers £3 7s 6d. Waihi Grand Junction—Buyers £1 7s 6d sellers j>l Bs. ' Investment Stocks. Bank of New Zealand—Buyers £11 18s 6d. National Insurance—Buyers £1 15 s 9d New Zealand Insurance—Buyers £4 9s 6d sellers £4 10s 6d. ' South British Insurance—Buyers £3 14s 3d. Standard Insurance—Buyers £1 9s 6d. Union Steam Ship Company-Buyers £2 Is 6d. Westport Coal Company—Buyers £l 9s fellers £1 Rs 9d. Wcstport-Stoekton—Sellers 2s lid. National Mortgage Company—Buyers £3 Bs. D.I.C. (ordinary)— Buyers 5s 6d, sellers 6s. Dominion Rubber—Buyers 4s H prom. M'ilhurn Lime and Cement (£l)—Rollers £?. Os 6d. Mosgiel Wool lew Factory—Buyers £3 10s.

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https://paperspast.natlib.govt.nz/newspapers/ODT19110703.2.89

Bibliographic details

Otago Daily Times, Issue 15185, 3 July 1911, Page 6

Word Count
745

MINING. Otago Daily Times, Issue 15185, 3 July 1911, Page 6

MINING. Otago Daily Times, Issue 15185, 3 July 1911, Page 6

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