DUNEDIN SHARE MARKET.

Press, Volume LIX, Issue 11278, 20 May 1902, Page 3

DUNEDIN SHARE MARKET.

TRESS ASSOCIATION' TELEGRAM.) DUNEDIN, May 19. Tho following sales were recorded this morning on the Dunedin Exchange:—Hartley and Riky. ;0s; Rise and Shine, 20s 9d and 20s 6d. Tho afrcrnoon sales were:—Hartley aid R.K-y, 7fu; Rise and Shine, 20s 9d, 20s 6d; Uni'jv 13?. OTAGO DREDGING RETURNS. (I'RKSS ASSOCIATION' TELEGRAM.) DUNEDIN, May 19. Thr SoiScvxinjj adtKtional returns htc reported :—J unction Electric, 1370z Edwt; Meg <in«l Aurir, 03oz 4dwt; ■ Majestic, 50oz; Empire. Kk-7.; Otaso, 20or; Happy Val'.cy, 14oz j.bv,; Go.den Treasure, lloz; First Chance, t>oz lldwt Pgr. WEST COAST NOTES. (SPtIIAL TO "THB P8835.") GREYMOUTH, May-19. 7hn weather continuing wet arid stormy, nothirg can yet b? attempted in the way of raising the >Jaori Ouily Company's dredge, whioii sank on Saturday. She is now oft under water. It is intended to bring in a short race that. :t in thought, will bring water down to the level of tho deck, -when an effort will lie made to B.op tho leak and pump cut the [-.vr.tcon. A report from the Rocklands Beach Company's dredge ntetes that she got aground ihroiijh one oi the wire line* giving (way while tiro river was in flood. The hull then Hwung round, and grounded, but so far no great, damn go has been done. lho Mar?den -No. 1 Syndicate htve stopped their clrcrli-; pending a meeting of shareholders, to be hold on "Wednesday. The Perry's ..sward Company's dredge will be removed to tho Montezuma Beach claim, situated at the northern end of the Hc.kitika bornuj/h liouudary. The dredge shouia be we.i adapted to work a beach cleim. (PRKSS ASSOCIATION TELEGRAM.) GREYMOUTH, May 19. The .aooniight Go.d dredging Company is trying to raise capital to issue ilT.jO wortn of debentures. The machinery for the drtclgc :s lying at Ahaur?. and tho pontoons arc about half-timshcd. Work wss suspended about six months ago. Work on the Trafalgar dredge is practically completed, ar.d the machine will he iv commi.ii.ion this day week. Ail the surface timber is being floated away. A scneme is on loot to amalgamate tho Ca'.edonia, (10,000 shares), Watoraon's Consols SSOO shares), and two other lenses on tho Ahaura River. It is intended to shift the Caledonia. Company's dredge at an esitimated cost oi iI3CO, to one of the Ahaura Kiver properties. If successful this wiJ bs - the precursor of other similar undertakings. The total number of shares in csuling companies is 'iS,oOO, on which ouo pound ptr share h»3 e?en called upi Part ot the scheme is to write down the shares to 18s, and the 2s extra capitui to call up wouid provide £2830, sufficient to shrilt the Caledonian dredge and provide for nil'contingencies. Tho Aelson Creek dredge mads a fresh start on Saturday, and worked smoothly. The directors of the Shellback Gold Drcdgiug Company had zn rxcident insurance policy with the Government, which protects.them troai all less in connection with the recent drowning fatality. JLr F. Burmester has secured the ooniract lor the Shetland Torraco water races. Tho l'erry's Reward Company's dredge will bo dismantled end re-erected on the liokiliku North Beach claim. The purchasers of the Teremakau River claim and dredge intend to lose no time in completing tho erection of the dredges and getting her into commission. The machinery, which is tit Auckland, ;'.npor<* to be in everyway suitable, but the pontoons will be stayed and strengthened to a considerable extent.