THE WETHERSTONES CEMENT.

Otago Daily Times, Issue 5347, 9 April 1879, Page 4

THE WETHERSTONES CEMENT.

(By Telegraph.)

(ffBOU OUR OWN CORRESPONDENT.)

Lawbenob, April Bth. The Wetherstones Company washed up yesterday, with very satisfactory rcsalti They took out of the stamper-boxes 67 ounces of gold to which is added 103 ounces of retorted cake! A dividend of L 75 was declared for eacfii eighth share.

The Premier Company accepted the tenders on Saturday eveninglast.thitot Messrs Kincaid, M'Queen, and Co. beiDg the lowest of three, for the ereition of a battery to be completed in eleven weeks. The site is nearlyready, and to-day Mr M'Queen laid off the Una for the main drive. It is well known that tii*

Company have seme very rich ground a«i°'°' nß -the, Wetheratones-all along their southern "TEfWka Company, sine bottoming their shaft, have driven down the Flope ot tne reef with food prospects. They are n«w driving up fhrough wfth still better■ rwnlto. It is stated that this Company wiU l>«t up a "battery shortly, being satisfied that the piospecfa obtained warrant such exPen. dlt"re- , f The Dauntles* Company arc still wcrtbj of their name After spending a "W 3Um, »" nearly 20 feet, but could not get clear of the sand-bar. They held a meeting, and concluded it would be cheaper to put a new shaft down, which is now commonced, and it water is again met with, they purpose puddling it The Homeward Bound Company ore now down about 115 feet, and find it getting very "■The Derry Walk Company have astain s-st to work, and have now got down 225 test without finding blue cement. The Black Horse Company are clown about ISO feet, and have met with the same '^he Golden Fleece Company are puslrng on, and will soon reach 200 feet. Other companies are still pushing on. . A quaitz-reef has been discovered adjomIngthe Young Ireland. It is proposed to give it a thorough trial.