MINING NEWS.

Evening Star, Issue 12626, 4 October 1905, Page 6

MINING NEWS.

(Continued from page 6.) The twelfth •■n"" al general meeting of shareholders in the Golden Treasure Dredging Company, held last evening, was presided over by the chairman (Mi Hart), who. in moving the adoption of the report (already published) and balancesheet, referred to the favorable circumstances under which they met, and ho said he had every reason to believe that the coming year would be as satisfactory as the past. He had great faith in the upper portion of the claim. While u.e old Electric dredge had taken some weeks in getting 80oz out of the ground there, he believed the Golden Treasure would get as much in two weeks. Shareholders could congratulate themselves on having punhased the Long Valley dredge, as it had proved a cheap machine and had given every satisfaction. As regards dividends, the balance-sheet would abow that during the year a return of 17s 6d had been made, while since the 31st of July, the date of compiling the balancesheet, a further 4e had beenpakl—2s last month and 2s that day. The Secretary read a suggestion from Mr Wm. Brown to the effect that an item of ±11,002 16s 10(1 be transferred from the profit and loss account to the reserve account, or that it be written off altogether, and the meeting adopted the latter coarse. The motion for the adoption of the report and balance-sheet (subject to the above attentions) was carried unanimously. Tt was resolved that the secretary's salary be increased from £4O to £SO per annum. Mr Wm. Wood (retiring director) and Mr Haines (auditor) were re-elected. The work of the dredge-master and crew was appreciatively spoken of, and a vote of thanks was passed to them. Similar votes of thanks to the directors, the secretary, and the auditor closed the business. The river height at Alexandra this morning was 4ft 6'm. Last evening the return from the Nelson Greek dredgn was published as 330z for 118 hours. ~ The retanj for the week before was l°.oz Bdwt, for ninety-nine hours. THE SHARK MARKET. DVtTEOUt KXCHASOI. This morning's salts:—Gotten lUiu. 40/6; H&"sey's, 23/6. Quotations : Alexandra Bonanza —Buy 2/9. .Uexandra Lead—Buv 7flJ. sel 7/3. Alpine No 2—Buy 8/, sel 10/. Bignell's No Town—-Buy 71. sel 10/. Charlton Creek—Buv 6/. Chicago—Buy 16/, sel 17/6fhmstan Irfad—Birv 5/. sel 71. Klectrio—Buv 30/3. sel 31,'. Rnterprise—Buy 8/. sel 10'. Golden Bed—Buy 5/. Golden Hessey's—Buy 23/, *el 23/6. J unction Kleciric —Buy 4/, sel 4/6. Molynoux Hydraulic—Sel 7/6. New Alpine Consols—Buy 13/5. sel Vjt>. New Trafalgar—Sel 20/6. Olrig—Buy 4/, sel 5/6. ■ Pactohts— Buy 45/6. Riley's Beach-- Buy 6;, sel 77. Rising Sun—Sel 24/9. Sandy Point—Buv 25/, sel 26/. L"nity-*uy 3/, sel 3/3. Roxburgh Amalgamated (ahik/ing)—<!ontrib., sel 3/9; paid, buv 3^6. Bank of N.Z.—Buy 120/. National Insurance —Buy 22/. Milburn Lime (20/ paid)—Sel 27/. N.Z. Drug (40/ paid)—Sel 46/6. N.Z. Portland Cement—Sel 28/. 'Otago Daily Times'—Sel £lB 10.,'. Dooaghy's Rope—Buy 100/, sel 200/. Stock Kxchange—Buy 28/6.