MINING NEWS.

Evening Star, Issue 11254, 30 May 1900, Page 4

MINING NEWS.

The Gold Creek Dredging Company's return for the week ended Friday was Do v. lldwt tor 112 hours' wot-:. —‘Southland Time?.’ I’iie con tract for the Golden (Pen DredgingComrnuy has been let to Mr .7. Sparrow. The work iie coinphl - within sixteen months. Tile Electric Extended have given instructions that the erection of the machinery be proceeded with at once. The engineer expects the dredge to be working at the end of July. The Teromakau Gold Dredging Company have resolved to increase the capital by the issue of 84)00 new chares of fis each. At a meeting of directors last evening the tender of Messrs George Fraser and Sens, of Auckland, for machinery, was accepted, the work to be completed within seven months from date. Messrs Cutten Eros, were authorised to procure a Marshall, Sons, and Co.'s engine from England, and to call for tenders for the pontoons. It is anticipited that the dredge will be at work within ten months from the present fop*’. Messrs A. and T. Dart have now all the timber and material necessary for the construction of the pontoons for I lie First Chance Dredging Company. Is is expected that the work will be well under way in a short time. Good progress is also bt-ing made by the same firm with the Gentle Annie Dredging Company contract. THE SHARE MARKET. The Otago Stock Exchange report the following sales:—Alpine No. 2, Lis; Golden River, 2s; Central Electric, ,4*5; Halfway Hoiwe, 33s GdHartley and Riley, £l3. £l3 fis, £l3: Malone’s Peach, Is; Moonlight, 6,1; Three-mile Greenstone, IsSd. The Equitable Stock Exchange report as folV?,' vs: T Sa,,!S: Alexandra Lend, 8a tl.l; Central Electric, £4 12s Gd : Electric, Gas ; Gentle Annie, JGa ; Golden Link, IDs Hd ; Golden River, 2< !)d ; Mokoia, 21s fid ; River Molyneux, 14s ; Sixteenmile Beach, fis lid. Buyers: Alexandra Lead.f-’g* Central Elecirir, £4 10*; Electric, (i;)s fid; first Taiori, 2sfit dia; Golden Rive-.-, Is; Hartley and Riluy, £l3; New Alexandra, 27a fid ; Nugget, IDs (Id ; Orwell Creek, Ss ; Roval Maori. 8s ; Vincent, 70s 3d; White -Star, 3s 6d ; Woodstock, 2s fld. Sellers: Atlanta River, Is ; Alexandra L«-d, loiAlpine No. 2, 425; Arrow Junction, 4s (d ; Bald Hill, fid dis; Bannockburn Creek, Is lid dla • Beaumont Lead, Is dis; Bendigo Gold, 15s fid ; Blue Duck, par ; Blue Bell, par; Canirona No. 1, Is; Cardrnna Valley, Is fid; Coal Cre-lr Is ; Dome Creek, 3d ; Dunedin, 13s ; Electric Extended, 12s; Electric, 67s 6d ; Evans Flat, 32a; Excelsior, 2s 6d ; First Tuleri, 2s dis - ; Fourteenmile, 375; Garvey Burn, Is ; Galvanic, 24s 31 ; Gentle Annie, 12s ; Gibbston Gold, 3d dis ; Gold Chair. 6d ; Gold Queen, 3ds ; Golden Bed, 8s; Golden Chain, Is; Golden Elbow 3d; Golden Gravel, Is; Golden Gutter. Is dis; Golden Horseshoe, 3d dis ■ Golden Mile, 2j fid dis; Golden River. 3s; Golden Ripple. 2s fid; Golden Vein, par; Grand Junction, fid ; Grey Duck, 2s dis; Groat Load, Is; Greenstone Gold, 2s 2d; Gunton’s Beach, 2s; Harris Beach, Is ; Hartley and Riley Beach, £l3 10s; Horowai. 3d dis; Horseshoe Bend, la dis; KiaOm, Is dis; Leaning Rock, la fid; Miller’s Plat Electric. 325; Moa Flat, 2fis; Mokoia, 21s fid; lilonto Cristo. IBi fid; Morning Stir. 21s; New Alexandra. 335; Nugget, 18s; No Town No. 2, Is; Olrig, £1)j; Orwell Creek. 9s fid ; Otama, 9d; Prince Imperial, par; Pride of Tuapelca, Is fid; Point d’Ur, par; River Molyneux, 15a fid; Riverbank, 235; Roxburgh Jubilee 8s; Roxburgh Lead, la; Royal Maori; 9s 9d ; Ross 1?1 at, 6a j Sailor’s Bond, 40* \ Sliotover, par; Sixteen-mile Beach. 7s; Tacon’s Cardrnna, 2s fid ; Triumph, fid ; Waimurau Extended, 20s fid ; Wet Lead, Is fid ; White Star, 10s ; Woodstock, 4s. The following are the sales at the Dunedin Stock Exchange this morning, last Wednesday’s highest sales being shown in parentheses: Arthur Point, 3s dis ; Fourteen-mile Beach, 33s ; Golden Ripple, Is 9d ; Golden River, 2s ; Hartley and Rilcv, £l3 Bs and £l3 6s (£l3 15s); Kelly and Casey, 9s fid; Rise and Shine. 3s and 3s 3d; Teviot, Is ; Victory, 2s 3.1 (2s fid); Vincent, 71s and 71s fid (fifis); Vincent Extended, 32s fid. Quotations: Ahaura River-Buyers, 7{d; sellers, Is, Aldinga—Buyers, 9d ; sellers, Is. Alexandra Lead—Sellers, 9s fid. Alpine Consols—Sellers, £2. Alpine No. 2-Buyers, £1 17s; sellers, £ll9s. Aylmer Lead—Sellers. 3d. Bald Hill Flat— Sellers, 3d dis.. Bendigo—Sellers, 15s. Boundary Creek—Sellers, 9s. Brandy Jack's—Sellers, Is. Broid Creek—Buyers, 3d dis ; ■ Hers, Sd prem. Central Electric—Buyers, £5; sellers, £5 10'. Charlton Creek—Buyers. £1 5s ; sellers, £1 fis. Chatto Creek—Sellers, £1 9s. Cornish Point—Sellers. Is dis. Cromwell—Sellers, £3 16s. Crown Diamonds—Sellers, fid. Davis’s Bond-Sellers, 10a fid. Digger’s Pride - Sellers, 2a. Doh on No. 2-.Seller*, 2s 3d. Duke of Wellington-Sellers, par. Dumbarton—Sellers, par. Dunstan Lead—Buyers, £2. Electric—Buyers, £3 2s fid; sellers, £3 ss. Erickson’s Reward—Buyers, 5s 9d; sellers, fis. First Chance—Sellers, £1 Bs. Fourteen-mile Beach—Sellers,£ll4s. Garvey Burn—Sellers, par. Gentle Annie—Sellers, 10s fid. Gibb's Beach—Sellers, 2a. Globe—Sailers, Bs. Gold King—Buyers, fis ; sellers, 7a 3d. Gold Queen—Buyers, £ll7s; sellers’. £1 ISs. G Iden Beach—Sellers, £2lss Bj. Golden Bed—Sellers, Bs.

Golden Falls—Sellers, Un. Golden Gate—Buyers. £7 So; sellers, £B. Gold-n Glen—Sellers, par. Golden Gravel—Rollers, Is. Golden Gutter—Buyers,, 2s dig; sellers, Is 6d uis. * Golden Molyucnx- Sellers, 4s 3d. Golden Point—Buyers, £1 3s; sellers, £1 6s. Golden Hippie—Sailers, 2s. Golden River—Buyers, Is; sellers, 2s 81. Golden Roxburgh-Sellers, pur. Golden Run (paid)— Sellers, £3. Golden Vein—Sellers, Is dis. Grand .hiuotion—Sellers fid. Greeosbme Junction—Sellers, 7s 3d. Gray River—Sellers. 12s. Grey River Oontoiidateri—Sellers, 3s Bd. Gunton's Reach—Sellers, Is. Halfway Ilou-e—Sellers, £1 14s. Hartley and Riley—Bayers, £l3 2s 8d ; sellers, £l3 12s (id. Hokitika Kxteuded • Sellers, Is. Hokitika River—Sillers, os. Horowai—Sellers, 6d. Junction Electric-Buyers. £2 Os 6d; sailers, £2 4s. Kelly and Casey—Sellers, 10s. Klondylce-Sellore, £l. Lady Charlton—Buyevs 4sdis; sellers, 4s dis. Lady Roxburgh—Burera. Is; sellers, 3‘. Levtathon—Buyers, 7s 3d ; sellers, Hs Bd. Long Valley—Bit) ers. 10a ; sellers, 13?. Magnetic-Buyers, £3. Malone’s—Buyers, par; sellers, 9(1. Marsden No. 3—Sellers, fig. Marsden Lead—Buyers, 7a. Minor's Lead—Sellers, Is. .Moa Flat—Buyers,.£l 4s ; sellers, £1 6s. Mokoia—Sellers, la fid. Moonlight—Sellers, ]?. Morning Star--Buyers, R's fid ; sellers, ISs. New Alexandra—Buyers. £1 9s ; sellers, £1 12s fid. Nil Desperandum—Sellert. £1 Is. No Town Creek —Buyers, 2s ; sellers, 4s. North Beach—Sellers, par. Nugget—Buyers, 10s; sellers, £l. Old Ounstan—Buyers, Is (id. Pactclus—Sellers. 17 s. Pactolus No. 2-Ruycrs. !ld. Pactolus No. 3-Sellers, Is. Point d’Or—Sellers, 2s die. Prince of Wales—Buyers, ss; sellers, Gs 6d. Reeves’s Proprietary-Seller?. 9d. Rise and Shine-Cnvers. 3s; sellers, 3i fid. Riverbank-S, 11, River Molyimnx—Sellers, Jos fid. Ross Plat—Sellers, par. ? Roxburgh Jubilee—Sellers. 7s 9d. Roxburgh Lead-Sellcre, 3d. Sailor’s Bend-Buyer.-, £1 17s Od ; sellers, £2 2s ()U. Shotovcr-Sellers par. Sixteen-mile Bench—Sellers. 5s 6d. Tacou’s Carilror.a Seilers, la. Teviot—Seilers, 2s. Three-mile Greenstone-Buyers, Is 3d; sellers, la9d. Trafalgar—Sellers, 6s. Tyson’s Beach-Rollers, fid dis. Lpper Magnetic -Buyers, S? ; sellers, 10s. Victory—Bayers, 2s 3d ; tellers, 2?fld.“ Vincent—Buyeis, £3 10s; sellers, £3 Hs fid. Vincent Extended-Buyers, £1 12s ; tellers, £1 Waikaka Forks -Buyers, 2s ; sellers, 3s. Waikaka Q.ieea—Bnverr, fi.l ; sellers, is. Waitnutmi Qneon-Sellors, 3s. Waiimna— Sellers, its. Woodstock -Buyeis, 2s fid ; silters, 3s fid. CLYDE NOTES. (From Our Own Correspondent.) I mentioned in my last that tho Vincent Company were “ontnP.” Tho returns for the Inst coupic of weeks bear this out. In feet, I have been aredibly informed that, had the dredge hops tho bottom, the returns on both occasions would have been trdded. Tho river is still high, but is gradually falling, and unless another th ■ w sets in (which is not an altogether unlikely thing to happen/ good old Vincent mflv astonU’h sornn of you lo'k down below. I consider but of comsc this is only an opinion that aim is good buymx even at her present pi ice. Ihe pmtooiis of the Vincent Extended Company s dredge have been ready some time, but no headway has been made with regard to the machinery. A lot of interest is tak> u locally in the progress of this dredge, ns the claim is popularC*’J.J m ' , I ,o . S0, l contain some rich loads. Whether this Is so is a matter which time alone can tell, and fpim present appsaraccs it mav bo a long while la- fore that time! Poor Cornish Points ! The public seem to have made a dead set against this claim; ami the Sdne public, to my thinking, arc laboring under a mnunderstanding. The claim is n,.t the high bank adjoining Hartley and Riley*, but is at the junction of tho ICiwarau with tin? Molyneux. lot of money has been made by sluicing the top, and the early miners wero only stepped by tie* mer. There U nor, a very high bank, and I certainly think, and am not al-isy in thus thinking, that with a powerful up to-;Ute dredge the claim will pay very well; indeed, I venture to say but, as I have not been retained by the company to defend tho claim, enough said. The coal, or more p opetly speaking, lignite, won from the coal pits at Hairy Creek his wonderfully improved U( e . I hear but cannot speak with authority, that it is proposed to amalgamate the three properties into one coacern,,w.ito tile intention of floating a company. H this i? correct tho question arise?: Howv.-ili'it aib'ct tlie price of coal to tho consumer? Mono)H*iy always spells rise; and we may look for a riiu ,R A“’o * UC3 nt Coal Pits Company become an established fact. On the other baud, if tlu re is moio Ihm one company or proprietary, wu mav have our coai_ cheaper— the inevitable remit of competition. Tim price is Ifis per ton now, which W cheap enough in all conscience.