MINING.

Otago Daily Times, Issue 15553, 7 September 1912, Page 12

MINING.

iho secretary of the Manuherikia Company reports that tlicro was no wash- up this »celc. 'i'lio dredge dropped down tliu river, and started on the beach on Friday morning.

Tho master of the Electric No. 1 dredeo states that the dredge is working throu"h the old paddock. In his report, dated August 31, the master of tho Sandy Point dredgo slated that tho dredgo hud worked 133 hours during tko week. Tho width of the cut was 100 yards, and the distance worked ahead amounted to Bft. The depth and height of tho face above water level were much tho samo as during tho previous week. Tho prospects continued to keep good. DREDGING RETURNS. ™ ~ ~ „ • Or., dwt grs. Electric No. 2, Cromwell, „ r l2 /lirs 88 0 0 Waikaia, Wnikuia, 139hrs ... 33 7 0 Karauni, Alexandra, week ... 28 1 0 Mastorton, Waikaia, 136krs ... 23 12 0 Electric No, 1, Cromwell, lMhrs 30 7 0 Koputni, Waikaia, 121hrs ... 3 0 0 DUNEDIN STOCK EXCHANGE. Business has boon somewhat quieter than usual on tho Duncdin Stock Exchange during the past week, investment stocks showing the greatest degree of activity. No business was recorded on 'Cliango in dredging nnd mining lines until yesterday, when the market brightened, nnd soveral transactions look place. Electrics l;avo been pvon, buyers olfcring 4s 6d and Rollers asking 6s, Although buyers linvi increased the amount offered, the margin is still 100 great for business. Golden Bods wero on olTer yesterday at 10s, without result. Hartley and Rileys have continued about even throughout tho week. Thoro was a seller of this Btock yesterday at 10s, but no buying offer was forthcoming. Kiso and Shines havo remained level, being quoted at £1 2s 6d and £1 4s. buyer and seller respectively. This lino was inquired for yesterday at £1 2s 6d, without a seller. Sailor's Bends havo been on offer for somo days at ss. without response. Paclolus shares havo remained oven, buyers olToring 4s, with no seller under 6s.

In the mining stock section business has been very quiet, and in tho majority of cases prices havo remained even. Consolidated Goldliolds havo been consistently offered at 14s, without a buyer. Thoro havo been sellers of Now Zealand Crowns and Old Haurakis at 2s 6d and Is 8d respectively, but no buying bid has been received for cither. New Sylvias havo been somewhat firmer than usual, and have been inquired for at Ls Id, with sellers at Is 4d. but no business has resulted. Kuranui Caledonians havo been nlxmt oven throughout tho week, being on offer at ls 6d, with buyers at ls 3d. Wailtis were ex dividend on Monday, nnd linvo ljceomc easier. TJiis stock was quoted at £1 14s 6d (buyers) and £1 15s od (sellers) at the beginning of tho week. Tho market closed yesterday with a buyer nt £1 14s, but no seller. May Queens havo been on offor at Is, without buyers. Waitangis Jmvo become- easier during tho week, and a sale took place in them yesterday at ls, tho market closing with a furllrer seller nt ls and <i buyer nt IOJd. Talisman Consolidateds were ex dividend on Wednesday. A salo was effected yesterday in this lino at .£1 19s 9d, /and there was a reported salo at £1 19s 6d, and tho market closed at £1 Ifls 6d and £2, buyer and seller respectively. Waihi Grand Junctions havo romnincd about even, but havo been quiet so far as business is concerned. Quotations ranged in tko neighbourhood of £1 ls 7d (buyers) and £1 2s (sellers). Waiotahis havo l»en quoted on several occasions at 2s 3d and 2s 2d, but no sales have resulted. Tho investment stock market has been more than usually active during the past week, with a keen demand for most lines, and stocks in this section have been freely quoted. National Bunks havo remained even throughout tho week, and wero on offer until yesterday at £6 ls 6cl (buyer) and £6 3s (seller), when tho market closed with a buyer at £6 ls, without a seller. Bank of New Xralands have hardened, nnd a silo was reported at £11 2s 6d, with further inquiries later in tho week at £11 2s, without any resiwnsc from seller, 1 ". There was also a' reported salo in Cliristchurch Meat Company's scrip at £15 17s 6d. Prices of National Insurances continuo lo bo well maintained, and this stock was inquired for yesterday nt £1 19s 3d, without result. During tko week a salo was reported at £1 19j 6d. Standard Insurances have been in demand on several occasions at £1 lis 6d, with a seller at £1 12s, and business was retried in them at £1 lis 9d, Union Steams havo continued about even durmg tho week, nnd sales wcro reported at £2 7s 9d and £2 8s 3d. South British Insurances and Now Zealand Insurances have bocn in demand nt £3 19s 6d tnd £4 14s 9d respectively, without inducing a seller to come forward. Wcstiiort Coals have maintained lato rales, with a reported salo yesterday at £1 8s 3d. Dalgctjs havo improved, and business was reported late in the week at £6 12s, with a further buyer at £6 lis 6d, but no seller. Milbiim Limes havo shown somo activity during the week, with a tendency to linn, and business was reported in thcin at £2 0s 6d. In Dominion Rubbers thoro havo been consistent buyers at £1 7s 6(1, without a response. Westix>rt Slockloas were in demand at 3s 3d. with a. seller at 35,11 d, but. no business has oventuatccl. Thoro have been buyers of Wright, Slephensons throughout Iho week at £5 10s, but no sellers. Oumaru Woollens havo been on offer nt £1 10s. A sale has been reported at £1 9s. the market closing yesterday with a buyer at £1 8s 6d, but no scllor. New Zealand Portland Cements show a decline from recent prices. At the beginning of the week this stock was quoted at £1 7s 6d and £1. 8s 9d, buyers and sellers respectively. The market closed with buyers at £'. 5s 6d and sellers ;it £1 7s. Now Zealand Drug Company's shares havo been on offer at £2 12s and £2 lis 9d. with a reported sale at tho latter end of Iho week nt £2 lis 6d. Now Zealand Paper Mills aro somowhat castor. Business was reported in them ot £1 • ls 6d, tho market closing yesterday with a further buver «t £1 Is, but no seller. Sales.—Talisman Consolidated. £1 19s 9d; Waitangi. ls. Sales Reported.—Talisman Consolidated. £1 19s 6d; Occidental, ls 4d: Wcstpo'rt Coal. £1 8s 3d. The following ure yesterday's latest quotntions, subject to tho usual brokerage:— DitEnniNG Stocks. Golden Bed-Sellers 10s. Hartley and Riley—Sellers 10s. Boss Goldfields-Sellcrs 5s Bd. Rise and Shine—Buyers £1 2s fxl. Mixixo Stocks. Consolidated Goldficlds—Sellers Hs. lvumuui Caledonian-Sellers Is 6d. New Svlvia—Buyers h 2d, sellers ls sd. New Zealand Crown—Sellers 2s 6d. Old Himraki-SolloM Is Bd. Waitangi—Buyers lOjd, sellers is. Talisman Consolidated—Buyers £1 19s 6d, sellers £2. Waihi-Duyers £1 14s. Waihi Grand Junction-Buyers £] h Id. sellers £l 2s. Waiotahi-Sellers 2s 2d.

Investment Stocks. National Bank—Buyers £6 ls. National Insurance-Riiyeis £1 19s 3d. Union Steam Ship Company-Sellers £2 7s 6d. West|>orl Coal Company-Buyers £1 gs, sellers £1 8s 3d Westport Stockton—Buyers 3s 3d, sellers os lid. Divlgelv nnd Co,-Buyers £6 lis 6d. Dominion Rubber—Buyers £1 7s 6d. National Mortgage Company—Buyers £3 17s. sellers £3 19?. New Zealand Paper Mills-Buyers £l h. Oainarn Woollen Factory Company— Buyers £1 8s 6d. Wright, Stephenson—Buyers £5 10s.

AUCKLAND STOCK EXCHANGE. il'EB United Pbess Association.) AUCKLAND, September 6. Tho following business was dono at tho Stock Eschews:?, to-day:—Occidental Consolidated Is sd; Waiotihi, is lOd, ls 9.1, Is 10d: Waitan ? i Consolidated, IOJd, lCd. lOJd: Ross Goldfiokk Ss Sd; New Waitaia. Is 'd; couth British Insurance, ?8s M, 1h Mi AwWtnd Gu Go,, 6Ss; Voltite

WELLINGTON STOOK EXCHANGE. (Per United Pbess Association.)

WELLINGTON, September 6. . Tlwj only business dono on the Stock Exchange to-day was a parcel of Talisman shares at £1 19s 3d. CANTERBURY STOCK EXCHANGE. (Pus United Rums Association.) CUBIBTCIIUB.cn, September 6. Tho only salo at tho Stock L'xohango today was Rose Goldliolds, 5s 4<L LONDON SHARK MA MOST. Prces Association—By Telegraph—Copyright. LONDON, Septcmlwr 5. Waihi: Buyers, 33s 9d; sellers, 36s 3d. Waihi Grand Junction: Buyers, 21s 6d; sellers, R2s 6d. ' CROMWELL NOTES. (Fitox Oim Own UonaEsroxDEXT.) CROMWELL, September b, Tho weather during Uie past week has been mild and open, but, since the rise of tho previous week the river lies fallen slightly. Mr Gordon and his staff of 10 m«i aro makuig steady progress with the erection of llio Rise, and Shine pontoons, tho planking now being put on. With second-haml material, however, work cannot be carried out as expeditiously as with now timber. Tho river is not, high enough to enablo tho Hartley ami Riley dredge U> shift down to iU claim. Mild weather has enabled the dredges and sluicing claims at Novis to make another start, ami in a fow weeks the field should bo iri lull swing. The GoJfeo Hydraulic Company at Luggate is also doing steady worn. Tho 909 dredge was slopped by tho recent rise, and has been repairing all tho week. The prospects were poo'' in deep ground when tho dredging ceased, but with indications of a change. The dredgomaster expects to finiah repairs on Saturday and resume dredging on Monday. ROSS GOLDFIELDS (Pbb United PnEss Association,) WELLINGTON, September 6. Mr John Cock, mino manager of tho Ross Goldfields Reconstructed (Ltd.), reporting on September 2, said ho anticipated being ablo to commence unwatcring in about nine, dayj. After' somo difficulty most of tho staff necessary had been engaged. Ho asked for leave of ateencc to go to Australia on privato business, llio directors havo granted Mr Cock three months' leave of nbsoncoand mado a temporary appointment of mino manager, tho latter to work on Mr (Jock's stitrgeslions and under ln's direction's.