MINING.

Otago Daily Times, Issue 15608, 11 November 1912, Page 6

MINING.

Th ere was 1 'O wanh-up on tho Rising Sun ! dredge last week, as a now cut was being opened out. DREDGING RCTURNS Oz. (hvt. gr. Maslerton, Wajkato. 127hm ... 40 6 0 Sandy Point, Alexandra, 120hre 25 9 0 Rise and Shine, Cromwell, 136hrs 23 6 0 Olrig, Mamihcrikia 16 \i o Wailcaka United No. 1, W,ukaka, lolhre 15 12 0 Waikaia, Waikaia, 1271 ire ... 7 0 0 Koputa-i, Waikaia, 139hra ... 4 10 Total 132 6 0 Tnr. West Coast. Worktop, lJOhrs 147 11 0 fintww, llOhrs- 28 15 0 Blackwater, 121 lire 13 0 0 Total 189 6 0 DUNKDIK STOCK! EXCHANGE. No sales were recorded at either of tho rails on the Dunedin Stock Exchange 011 Saturday. Few lines were quoted in any of tho sectioiH of the market, and there was little variation in prices. There were firm buyers oi Mastcrtons at fc, ajid Rise and Slums at ill 4s, without pollers. Waihis renin ineil about even at £1 13s 6d and £1 14s fid. buyer and wller respectively. Waihi (tamd Jmictioiifi wore in steady demand at £1 Is 6d. with sellers at £1 2k Talisman Conxilidiiteds were for sale at £1 IS? 6d!, ami Waiotithis at 3s Jd, but no buying offers were re-corded for tlmse lines," iii the investment stock section National Insurances were in steady demand at £2 Is, with sellers asking Is more. Union Steams remained even, and were quoted at £2 6s 6<l (buyer) and £2 6s 9,1 (seller). Kaiapoi Woollens were int|uiicd for at £5 4s, without. sellers: while MilHurn Limes were on offer at £2 0s 9d, and New Zealand Portland Cements at £1 7s 9d without inducing anv lwv«?rs to conn* forward. The following are .Saturday's quotations, subject to the usual brokerage : — DiiKDi'.isr. Stocks. Master lon—Buyers Bs. Rise and Shine—Buyers £1 4s. Mining Stocks. Muddv Terrace— Uuyers 15s. Consolidated Ooldfields-Sellere 14s. Kuranui Caledonian— Htiycrs Is 2d, sellers Is sii May Queen —Sel'ers Is Id. New Sylvia— Sellers b 11d. New /(<nlaud Crown—Sellers Is lOd. Talisman Consolidated—Sellers £1 l&s 6d. \V;ii!ii—Buyers £1 13s 6d, tieJlers £1 14s 6d. Wa.lii Grind Junction—Buyers £l Is 6(1. fcl'oin £1 2s. Waiotahi—Sellers 3? 3d. Invkstmext Stocks National Bank-Sellers £6 Is 6d. National Insurance—Buvers £2 Is fellers £2 2s. Standard Insurance—Ruyors £1 lis 6d. Union Steam Ship Company—Buvers £2 6s 6d. sellers £2 fc 9d. We.st.port Coal —louvers £1 8s 2d, scl'cns £1 8s 6d. 0.1.0 (ordinary)— Buyers 6s 6d. l\air.|ioi Woollen Comrany—Buyers £5 4s. Milburn Lime aid Cement (£l)—Sellers £2 Os 9d. New Zealand Portland Cement—Sellers £1 i(5 2(1. Wright, Stephenson—Ruyors £5 10s. WELLINGTON STOCK EXCHANGE. (Per T'NiTKn Press Association.) WELLINGTON, November 10. Tho following Kiles were reported on the Stock Exchange vpjteiday:—Union Steam Ship, £2 6s 6d; Tali<nian. £1 ISs 3d. SAILOR'S BEND COMPANY. In presenting tlvir thirteenth annual report and balance sheet to (Jiarelwldei-s, the diieetors wish to oxi>ret« their regret for the unsatisfactory result of the season's ! work. As fortvliadowed in the last report, ' a considerable cum mis to put she I dredge in i-ipair liefore commencing opera- I ti-irre. This work was carried out during the I off season, partly by the company's own ! staff, which explains the jf.mewhat heavy i expenditure on wacrs—vi?... £SU lis 6d. Dnnlginc vr;is oommenoed on April 21. an <i ' rontinurd, with few interniptions, till September 11, when 'He dredge was laid up and all hand? diW'harged, with tlie exception of a oaretator. During tho period

2910z 9dwt 6gr of gold, valued at. £1140 2s 8(1, wore won. The low return waa due to the exceptionally rough nature of the ground worked. Altlvoiigli very good pro>pools were obtained, it was found ini|xuwblo to secure tin: gold. When operations had to bo fiKpemicd on account of the river rising, indications wore improving, and lilt) directors trust that bettor results will obtained next eeason. As far as possil/e all liabilities; have boon paid up to tlio date of thu balance shod, and it is considered that I lie cash in hand will bo nulllwont to permit of a fair start lwing mado when opportunity permits. The retiring director is Captain C. F. Simdstrum, who, Jjfiivcr eligible, offers himself for rc-e.io<uion. Jhe auditors (Messrs B:irr, Lea 17, and Co.) iilmi retire, and sock re-election, for which they are eligible.