MINING.

Otago Daily Times, Issue 11715, 24 April 1900, Page 6

MINING.

■ ■ > . The Secretary of the Royal Maori Cold Dredging Company reports that contracts were let for the pontoons on February IG lo Jlessrs Alexander Bain. A Marshall and Sons 12 horse-power engino and' 16 horce'-power boiler was ordered on sth March, and a'tender was accepted On 31st March from the Austral Otis Engineering Company, Melbourne, for the machinery, to be delivered in seven months Yesterday being St. George's Day there was no situng of the Duuedin Stock Exchange. lhe fourth dividend or is per share has been declared by tho directors of the Lyell Thars-s Mining Company, payable on tha 2Slh prox. lhe directors oi the Centra! Charlton Drawing Company have accepted Messrs H. F Nees and Go's, tender for the removal and re-erec-tion oi tne Op.iir dredge with steam trial. The work of removal is to be started immediately, and to he completed within IG weeks The prospectus of the No. 2 Aylmer Lead Lrold Dredging Company (Limited) is advertised in tins issuo. l'lia claim is situated at "yimor's geg, Totara Lagoon, about 12 miles soutu of Hoijtika. The capital consists of 1110,000, in 10,000 shares cf £1 each },r r W laithful reports very favourably on the property. .Messrs Hannan Reeves and Co. are the Duuedin brokers. In this issue Messrs J. J. Rnmsov and H. J Reeves announce that they wil! receive applications for the remaining shares in the Sac-a-mento Gold Dredging Company. This claiiu i-djmns the Diggers' Pride, and has a frontage lo the Moiyneux River. Amnle water riVhts are said to have bean secured, and as "the claim is in the neighbourhood of some of the most successful on the Molyneux, the brokers think n is reasonable to suppose that its prospects are good. As only a limited number are open foi application investors are advised to apply promptly. A Wellington telegram states that a second btock Exchange was opened yesterday morning, a feature of which is a board of honorary members, wno are to examine prospectuses" before tho exchange are allowed to quote' shares in the companies. Some lino samples of gold have just como to hand from the Pacific claim, Grey R-'ve--obtained from the top .wash onlr by Mr John Don, expert to the Zealandia Syndicate. Tinaverage yield is lOlgr to the cubic yard. Shares "1. ""s area are rapidly being takon", and Messrs Sligo Bros, anticipate having to close the list at any early date. The Branch Creek, Cardrona Valley lias a-.ways been looked upon by many as an ideal orccging ground. Tho Rolling Stone dredi-c is now operating on the lower end with sati--faolory jeaults. Shares' in the claim immediately above are going off frcclv and the" brokers (Messrs Sligo Bros! and Messrs G arrow and Stewart) hone to close die list early this" week. The full prospectus will be published in a few days I'rom the Waitaia mine, Kuaotunu, Auckland, .110 tons of ore treated yielded 930z bullion, which was sold for £255. The prospectus of the Caiei'.onia Gold Dredging Company appears in another column in tlvs issue, being published for public, information only, as the company is over-subscribed Tho capital is £10,000, in shares oE £1 each oi whicli 8200 are subscribed by the public. Tho claim is situated on the Grey River, Westh-nd and a report on the property by Mr John Don is attached to the prospectus. The prospectus of Uie Cromwell and Bcnnockbiun Collieries Company is published in our advertising column's tliis morning for public information only. Tho caoital is iio 090 in £1 shares. A report by Mr .Tames Loudon may ho seen at the secretary's (Mr G. -\ Ki-r----low) office. THE GAI.T3_.T-'. ir-ORB DE.EDG-E To BE CLOSED DOWN. Wo learn from Mr L. C. Ryan, secretary of tho t.altce Moro Dredging Company, that a*--a. meeting of the directors on- Saturday evenin"" it was definitely decided to close down. IJKPOKTS FROM WORKING DREDGES. Tlio Secretary of the Upper Waipori Dredging Company reports a return of £Boz lildwt for 13S hours' dredging. The Secretary of the Jutland Flat Dredging Company reports a return of 270z Bdwt for 131 hours' work. Mr J. J. Gibson, Lawrence, reports that last week s return from the Lawrence dredge was l-!oz Bdwt gold. The Secretary of the Golden Point Dredging Conipany reports a return of 9oz 9dwt for four days' dredging. The Socretary of the Chatto Creek Dredging Company reports a return of soz for 4 days' work. The dredgemaster wired: "No bottom; ground very deep." Tlie Secretary of the Charlton Creek Dredging Company reports a return of 13o?. for 135 Hours' dredging. •-. The Secretary of the Evans' Flat Dredging Company reports a return of 13oz 12dwt for°th"e week ended Saturday, 21st inst. The Secretary of the New Alexandra Dredging Comoany reports a return of 9o?. Gdwt 12g'r for SG hours' dredging. The dredge has stopped work, awaiting the arrival oi now pinions, which will reach the dredge on Wednesday next. The pump for sluicing away the bank is also on tho road, and when fixed" up on the dredgo will materially help i-i working tho irround. The secretary has received a telegram thai lhe return from the Shotover drcdj-e, Lower Shotovc-r, for tbe week ending 21st is lo'oz7dv.-t. The dredge not yet having properly opened up the paddock, tho direciorn exoress themselves well satisfied with the returns so far. as very liitlc was expected until the dredge had time to open up.

Redcliffc Crown Braud Galvanised Corrugated Iron; cheapest arid best.—James Hogg and Co., agents. Lower Rattray street. Cornsacks, twine, machine oil. and other farm necessaries are procurable from Nlil.UO it Bljir at lowest- current rates.