MINING.

Otago Daily Times, Issue 11603, 11 December 1899, Page 6

MINING.

TheJ Central j Charltonl, Dredging.. Company (Limited), with a. capital of £7000, in 7000 shares' of £1 each; has been duly incorporated. This company has been formed to work by dredging 110 acres flf freehold on the banks of'the.'Charl-, ton Creek. The provisional directors' have allotted shares, and the statutory meeting' of shareholders is, fixed for Monday, January 22. The directors of the Zenlandia Syndicate have secured the services of Mr John'Doa-and Mr N. K. Sligo as mining experts. Although this syndicate was only registered in October, a large number jof what are believed tobe ■ valuable properties have .already been \seourecl. These properties are.now being inspected by ths company's experts with a view to having each of them thoroughly inspected, and in order to attain this end the directors are providiug Messrs Don and Sligo with a thoroughly up-to-date plant, including boring rods, etc., to test each claim for depth and nature of bottom. Tha directors are determined to leave no stone unturned to safeguard'the interests of the investing public, so that when any of the claims they hold are put on the market .investors can rely upon it that they have been tested. The return from the Alpine mine, Lyell, for the month of November was 2140z gold from 940 tons.

Thu directors of the Manorburn Gold Dredgmg Company (Limited) declared a dividend of Is per share*(the. 13th) payable to-day, making 5s per share in seven weeks. , ■ . ~

KEPORTS PROM WORKING DREDGES.

The Secretary of the Manorburn Dredging Company reports a return of 51haz for the week ended Saturday. The Magnetic dredge' was stopped during last week in consequence of the high floods, and opportunity was taken to effect repairs. The Secretary of the Chicago Dredging Company report.? a return of 290z lOdwt 6gr for last week. •

The Secretary reports that the Matau dredge cbtamed 7oz gold for four days' dredging. The dredge is now stopped for overhaul. Mr J. J. Gibson, Lawrence, reports a return from the Success dredge of 550z -idwt for 139J hours' dreclging. The Dunedin Stock Exchange reports the following return for last week:—Golden Treasure Company, 50oz lOdwt for 7£- days. . The Secretary reports that the return from the G olden Gate dredge was 490z 3d\vt for five days' dredging. The Secretary ol the 'VVaimumu Gold Dredging Company, reports a return of 15oz for 100 .hours' dredging. The Secretary of the Dunedin Dredgih" Company reports a return of 9oz for two and a-half days' dredging. The Secretary reports a return oflGoz from the Golden Point dredge for last week. The Secretary of the Nevis 'Dredging Company reports a return of looz for 117 hours' dredging-. . •:■

Tho Secretary of the Enterprise Dredging: Company reports a return of 15oz lldwt 15gr for 9G hours' dredging. The Secretary reports a return of lOoz 6dwt from the Sunlight dredge for 142 hours' work The secretary of the Ophir Dredging Company reports a return of 7oz l'ldwt 6gr for 104 hours' work.

The secretary of the Morning Star reports a return of Boz for 127 hours' dredging. The dredgemaster reports that the ground is netting deeper.

The secretary of the Tuapeka Dredging Company reports the following return for the week ended Friday:— 19oz 2dwt for 115 hours' dreefc-

Mr L. Ryan, Alexandra South, wires the following returns.—Nil JJesperandum 19oz, Mo!yneux Hydraulic 18oz 13dwt.

, The secretary of the Chatto Creek reports having advice to the effect that the ground is deepening again, which is regarded as an indication that the limit of the reef has been reached. There' is no wash-up to report this week.

The returns from the Buller dredge last week was 12oz gold for 132 hours.

RETURNS OF WORKING DREDGES;

During the week ended Saturday, 9th*inst returns were reported from the following dredges:— ° „ _. Oz. dwt. sr. Success, Waipori (139| hours).. 55 4 0 Hanoi-burn, Manuherikia ' .. 51 10 0 Golden Treasure, Miller'B Flat ( 7I days) 50 10 0 Golden Gate, Island Block (5 days) .. .. .. .... 49 3 0 Chicago, Alexandra .. .. 2D 10 6 Inch Valley, near Palmerston (100 hours) .. 21 10 0 Tuapeka.Tuapeka Flat (115' hours) 19 2 0 Nil Desperanclum, Manuherikia.. 19 0 0 Molyneux Hydraulic, Alexandra.. 18 13 0 Golden Terrace, Lower Shotover.. 1G 5 7 Golden Point, Alexandra ..16 0 0 Enterprise, Alexandra (96 hours) 15 11 15 Nevis, Nevis River (117 hours) ..15 0 0 Waimumu, near Gore (100 hours) 15 0 0 Sunlight, Beaumont (142 hours) 10 6 0 Dunedin (2J days) 9 0 0 Morning Star, Manuherikia (127 hours) .. ",. "..".. 8 00 Ophir, Blacks (104 hours) .. 7 14 6 Matau, Clyde 7 0 0 Total 433 19 10

DUNEDIN STOCK EXCHANGE.

Sales were made on Saturday at the following premiums: —Ahaura River -Id, Central Electric 425, Earnscleugh No. 3 2s 6d and 2s 7Jd, Electric Extended 5s Gd, Erickson's Reward Is 6d, Fraser Flat 2s Gd, Galvanic 4s 3d. Golden Bed Is Gd, Golden Link par, Harris Beach par,.. Upper Magnetic is, Hartley aud Kiley shares were sold at 15Gs, 1575. and 15Gs 6d.

The following are Saturday's latest quota- | tions subject to the. usual brokerage : — ■' Adams 'Plat—Sellers Is dis. Ahaura7. River—Buyers 3d, sellers 4d p. Alexandra. Bonanza—Sellers 4*d d. A\exanflra Lead—Sellers, 7s 3d p. Alpine, Consols—Buyers 13s, sellera 13s 3d p. Alpine; A To. 2—Buyers Bs, 6d p. Airov; Junction—Buyers 6d, sellers 2s p. Arthur's Point—Sellers 3d p. Bannockburn Creek—Sellers-par. Bendigo—Buyers 5s Gd, sellers 6s 9d p. Boundary Creek—Buyers 2s, sellers 2s 9d p. Cairnmuir—Sellers Ss Gd p. Cardrona No.; I—Sellers is p. . Central. Electric—Buyers £2 Is 6d, sellers SI 4s p. .■•;"■-. ■ " "■',, Dunedin—Buyers. 10s Gd, sellers 13s. ; Dunstan Lead—Buyers 14s Gd, sellers 18s p. Dunstan zPioheer-vßuyers Is, sellers 2s p. Earascleugh Ko..?.—Buyers 2s Cd p. Electric Extended—Buyers 5s Gd, sellers 5s 9d p.■•'... ■ .■■••> "--f ..-■ :: Endcavouv—Buyers 3s 3d, sellers 4s p. Enterprise—Buyers £4. Erickson's Reward—Sellers Is 6d p. Ettrick (paid)— Buyers 14s Gd. Evans' Flat—Selleis' £1 10s :Gd. First Chance—Buyers ss, sellers 9s p. Fraser Flat—Buyers 2s Gd, sellers 2s 9d p. Galtee More—Buyers £1 2s, sellers £1 2s 6d. Gibbs Beach—Sellers 6d p. Gib'oston—Buyers 3d, sellers Is 3d p. . Golden Beach (contributing)— Buyers £1 ss, sellers £1 7s 3d p.■•. Golden Bed—Sellers 2s p. Golden Elbow—Sellers 6d p. Golden Falls—Sellers 5s 9d p. Golden Gate—Buyers £6 2s 6d, sellers £G 15s. Golden Gravel—Buyers Is, sellers Is Od p. Golden Link—Sellers par. Golden Point—Sellers £1 18s - 6d. Crolden River—Buyers Is Gd, sellers 2s p. Golden Run (paid)— Sellers £1 lls. - Great Central—Buyers Is 9d p. Grey Rivfer Consolidated—Buyers uar, sellers 3d p. •-,'•■• Halfway, Hcu'se—Buyers 10s, sellers 12s 3d p. Hartley ancl Riley—Buyers £7 16s, Gd, sellers £7 17s1. •■-,..' Jutland Flat (contributing)— Sellers -Is Gd Kawarau Bridge—Sellers 3d p. • ' - Kelly and Casey—Buyers 2s, sellers 2s Gd p. Klondyke—Buyers £1 9s Gd, sellers £1 10s. Kyeourn—Buyers 2s. Last Chance—Sellers 3d p. Loaning Rock—Buyers'3a, sellers 8d p. Leviathan—Buyers 2s, sellers 2s 3d p. Macraes Flat—Sellers lls. • ' . Magnetic—Buyers £3 Os 6a, sellers £3 2s Gd. Mcmmac—Sellers'9s p. Metallic— Sellers.ls .p.-.. . -. Miller's Flat Electric—Buyers Is dis, sellers 6d p. -Molyneus Hydraulic Comrcany Dredge (li issue)— Sellers £1 135.;-: \ Naumai^-Sellers par. Nevis—Sellers £1 5s Gd. ' Kw ' Alexandra—Sellers £2 10s. A'umber Two Matau—Sellers 3s p. . Old Dunstan—Buyers Is 3d, sellers 2s ihd p. Ophir—Sellers ,9s, Gd. ' Richards's Beach—Buyers 7s 6d, sellers 9s p : River .Molyneu'xv-Buycrs 4s p. " ' , Royal Maori—Biiyei-s Is p. i Sailors' Bend—Buyers 18s 3d, sellers £1 0s 6d p. ■■ . - •

Second Magnetic—Buyers 9s 3d, sellers lls p Shotover—Sellers par. > Sixteenriaiile Beach—Buyers Is 7?, d, sellers 2S p. "• :; - ■'■■:. ■'•: : r \ Smith's Creek and Bannockburn—Sellers Is dis. . • ■ , . "

. Springvale—Sellers 6d p. ■'f*ni!li?liP—Sellers'^l-16s.-Tacon's Cardrona—Sellers 3d p. Upper .Magnetic— Buyers' 4s, sellers 4s 3d p. Vincent—Buyers £2 ;3s, sellers £2 6s. Vincent Extended—Buyers 10s, sellers 10s 'lid p. West Matau—Buyers. 6d dis, sellers par.

OTAGO STOCK EXCHANGE.

Sales were'made on Saturday at the following premiums :':—Arrow Junction, 71d; Boundary Creek, 2s 9d; Electriq/Extended, 5s 9d; Old Duiistan,'2s'.. V? '"^' .;,' - 'i;he': following; arefSaturday's latest • quotations':—' '■', : -■■ ••- ' - .;'~: ■'• \'■ ' --. - .

Adam's Flat—Sellers par. ■, Ahaura ' River—Buyers par. Alexandra Bonanza—Buyers 6d, sellers Is 3d d. ■.■■•'■.'

t Alpine Consols—Buyers lls p. Arrow Junction—Buyers 6d p. "Bannookburn Creek—Sellers par. ■ ' Bendigo—Sellers 6s isd p. Boundary Creek—Buyers 2s 6d p, sellers 3s 6d p. , .Cardrona No..,l—Sellers 3d p. Central Electric—B,uyers £2 p. Dunstan Pioneer—Seller's 2s p. ' ' Earnscleugh No;' 3—Buyers 2s p. Electric Extended—Buyers 5s 6d, sellers 6s p. , Endeavour—Biiyorb- 3s" 6d, sellers 5s p Enterprise Gully—Sellers 155.. Erickson's Reward—Sellers Is fid p ■' Excelsior—Sellers 2s 3d p. Fh"3t, Chance—Buyers. 5s p. Ford's : Creek—Seller's'6d p. "-■■■' -, Fraser Flat—Sellers'3s p. Galtee More—Sellers £1 4s. Gentle Annie—Sellors:4s p. Gibbston—Seller^ 3s;:3d~p; • ' . Gold Queen—Sellers 15s 6d 1 •Golden; Beach (contributing)— Buyers £1 2s 6d p. , . .' • ■ ;■ . . : Golden Bed—Severs Is 9d p. ■ ■ ■ Golden Reward—Sellers'9d p. •-..,. . Great Central-^Buyers 2s• 6d p.:•;..-■ ■■• Grey- Rife.r-Consolidated—Sellers 6d p. ' : Halfway House—Buyers, lls p. ' Harris Beach—Seller's 4s p. ■ • . ." ; Hartley.and Riley^-Buyers £7 10s. ; Kia-ora— Sellers. 6d p.-: ; Kawnrau Sellers 3d p. : Kelly and Casey—Sellers 2s 6d p. Last Chance—Sellers'3d'p. ••'' Leviathaii—Sellersi3q'.pi- .. ,' Metallic—Sellers is. 3d p. ; Monte Chris to—Sellers 6s 3d p. '. ; '- New Alexandra-^Sellers- £2 ids. ; ..Number Two- Matau—Sellers 3s Gd p. ■ ~ Old Dmistan—Sellera 2s 9d p. . Orwell. Creek—Buyers. 2s .p. ; Premier Waikaka-^-Sellers Js p. ; I ReniErkabW—Sellers par. - - • Richards's Beach—Sellers 9s p. ■ Riyerbank—Buyers 7s 6d p.' Royal Maori—Buyers Is p. ; Second Mngnetic-—Buyers 10s p ■ Shotover—Sellers. Gd, dis. . : Teremakaii—Sellers •'3cV.-p. - Vincent' Extended—Sellers lls p. West Matau—Sellers 6d 'p.