OTAGO NOTES.

Press, Volume LVIII, Issue 11151, 18 December 1901, Page 5

OTAGO NOTES.

'v-■' Omcuh to "raa pbsss."} '■" ' Tt. r-, 4-. DU»BDIN. December 17. " Aae ElectTio Company have declared *nnSf dm,ien * of la per share. ■'■■ Company's dredge is under Cofc Extended Fourteen Mile Botch » •''•'c ia considerable enquiry on 'Change JMt tiow for investment stocks, and the out--sH°j t.* , "? **«**«"» Appears towards an milm? d hardening. Tte Charlton Creek Company, -who have Tβ«*ntly declared another dividend, have been J™* « the n»o3t successful dry land dredging !°«tfp»niee in the district. Since May 10th. jw. they have paid the shareholders 12b 6d r* ™M» in dividends, -which means a dis- ' mlmtion of £3125 in hard caeh. The Upper Clutha Company's dredge will 4 * e 3 a « n €r » el*rt m a day or two. * ne Waitahuna Cinaiabar Company, having. F" ooe «ied in procuring the necseeeary capital I? elmtinue prospecting, have now let a con- . ETi to ,°P en OP on® lode intersected a '■ IS? d croe »' c «t on the surface. Consider- > ««* T^ k ""W'done in locating the lode, and j «T!!r. undre 4 wci B ht of cinnaibar vree bagged SJT 71,, ? <» u * lit y- the ore carries do-vwx to rS!I • level, the company -will have an op--1 P°"«aiiy of spreading out; but the prospect w^ quicksilver mining on an extennive scale ~*f . aot 'oom very large. However, the* work !??*, w Progress will scon determine the value « the discovery, j