MINING.

Otago Daily Times, Issue 11793, 24 July 1900, Page 6

MINING.

Mr J. F. Harper, secretary of the Gold Queen Dredging Company, received, the following telegram from the dredgemaster yesterday afternoon:—"Started dredging 12.30; all going well." " -

At a special meeting of directors of the Charlton Valley Gold Dredging Conipany (Limited) held yesterday, tenders were accepted for tho supply and erection of the dredge and pontoons at satisfactory prices.

Referring to the recent case in the Supreme Court, Myers v. Harvey, when a verdict was given against the latter for £148 2s 6d, as Mr ■Harvey is a member cf the Dunedin Stock Exchange, the matter was investigated by the members of the exchange, and tbe following resolution was passed : —" Vhat this exchange is qf opinion that Mr Harvey committed "a serious indiscretion- in taking Mr Myers's shares to supply his over-sale, instead of selling them on tlie exchange, but inasmuch as Mr Harvey returned Mr" Myers the full market value ofthe shares, the exchange cannot find that his conduct has been in any way dishonourable."

The Cromwell Times hears that advantage is being taken of the presence of a professional diver in the- district by, the Alpine Dredging Company to try a novel experiment. Last year when the company were on a rich run of gold ■near Gibraltar Rock the dredge was unable to get in close.enough to follow it up. It is presumed that a quantity of the precious metal was left behind, and the company intend to send the diver down to try and recover it. The experiment will be watched with much interest.

An Auckland telegram states that the Waitekauri return for six weeks was bullion valued at £8525, from 3551 tons of ore treated.

REPORTS FROM.WORKING DREDGES,

The Empire Gold Dredging Company's dredge obtained 390z 3dwt 17gr of gold for last week. On Thursday last the pinion on the intcrme'diate shaft stripped on No. 1 dredge, and ahe will be laid up for repairs until Wednesday next.

The Secretary ofthe Charlton Creek Dredging Company reports a return" of 22oz'10dwt for eight days' dredging. The. Secretary pf the Chatto Creek Dredging Company reports a return of IGoz Gdwt llgr for 113 hours' work.

The Secretary of the Gfolden Point Dredging Company reports a return of 14oz 15dwt 15gr for four days six hours' dredging The Secretary of jlie.lnch Valley Gold Dredging Conipany repprts.that -there- v,-as no. washup last weok, the dredge' being laid un for repairs. It is expected that a btart will be made to-day. The Upper Waipori. Alluvial Gold Dredging Company (Limited) obtained last-week lloz 12dwt of gold for 134 hours' dredging. The Jutland Flat (Waipori) Gold Mining Company (Limited) obtained last''week 14oz 7dwt of gold for 144 hours' wages time, 132 hours' actual dredging. Mr J. J. Gibson, Lawrence, reports that the return from tho Lawrence Company's dredge for last week was Boz 16dwt. The Secretary of the Tuapeka Dredging Company reports a return of 19oz. The Secretary of the-Evans Flat Dredging Company reports a return of 18oz 4dwt. The Gold Creek Dredging Company's return for the week ending 20th inst., for ilO hours' work, was 7oz 15dwt retorted gold. ' THE WEEK'S DREDGING RETURNS. During the week ended Monday, July 23, returns were reported from the following 37 dredges, the total yield being 14700z 14dwt 12gr, or an average of over 390z per dredge: — Oz. dwt. gr. Hartley and Riley, Cromwell .. 356 17 0 Vincent, Clyde .. .. 178 - 0 0 Junction Electric No. 2, Cromwell .. _ ~ 77 o 0 Cromwell, Cromwell (131 hours) 69 5 0 Junction Electric. No. 1, Cromwell 64 2 0 Perseverance, Alexandra .... 51 10 0 Alexandra Eureka, Alexandra .-. 50 0 0 Golden Gate, Miller's Flat .. 42 15 0 Empire, Wainori (2 dredges) .. 39 3 17 Golden Beach, Alexandra (126 hours) .. .. .. .... .. 36-18 9 Enterprise, Alexandra 34 8 0 Magnetic, Cromwell (72 hours).. 34 0 0 Earnscleugh No. 1, Alexandra .. 33 7 18 Molyneux Hydraulic, Alexandra 30 5 0 Waimumu Extended, near Gore (235 hours) 29 3 0 Clyde, Alexandra 28 0 0 Success, Wainori (33G! hours) .. 25 31 0 Golden Treasure, Miller's Flat .. 25 0 0 Waimumu Central, near . Gore (122 hours) ... 23 0 0 Charlton Creek, near Gore (8 days) 22 10 0 Earnscleugh No. 2, Alexandra .. 22 S- C Tuapeka. Tuapeka Plat .. .. 19 0 0 Evans Flat, Tuapeka ...... 18 4 0 Manorburn, Manuherikia .. . 17 6 0 Chatto Creok, Manuherikia (113 hours) 16 G 11 Golden Point, Alexandra (4 days 6 hours) ' ..' .. .. 14 15 15 Otago, Miller's Flat (8 days) .. 14 15 0 Jutland Flat, Waipori (132 hours) 14 7 0 Chicago, Alexandra 035' hours) .. 12 12 0 Ur.per Waipori, Waipori (134 hours) 1.1 12 0 Dunedin, Roxburgh 10 5 0 Lawrence, Tuapeka. Flat .... 8 16 0 New Alexandra, Alexandra .... 7 15 0 Gold Creek, Chatton 0.10 hours) 7 15 0 Nil Desperandum, Manuherikia 7 7 0 Morning Star, Manuherikia (1.26 hours) .. 7 4 0 Shotover, Shotover River .... 6 10 8 Total .. ... H7O 14 12 Rcdcliffo Crown Brand Galvanised Corrugated lion; cheapest and bc3t.—Jam?* Hojfj? and Co., agents, Lower Rf.ttray street.

DUNEDIN STOCK EXCHANGE,

Sales were made yesterday at the following premiums:—Cairnmuir, lis- 9d and lis 6d; Electric Extended, 16s Gd; Foley's Creek, 2s 6d; Gentle Annie, 9s Cd; Gold King, 6s 6d; G olden Falls, 4a 6d; Main Lead Hercules, par; Teviot, 9d. Sales were also effected at the following prices:—Electric, £2 18s; Gold Queen, 36s 6d, 37s 6d, 36s 3d, and 365; Hartley and Riley, £11; Junction Electric, £2 2s Gd; Magnetic, £2 19s 6d and £3; Manuherikia, £5 10s and £5 12s Gd; Meg and Annie, £2 7s; Moa Flat, 22s 6d; Vincent, £4 2s Gd and £4 Is 6d. Ahaura River—Sellers 6d p. Aldinga—Buyers 6d, sellers Is p. Alpine Consols—Sellers £1 19s. Bendigo—Buyers 7s Gd, sellers 10s p. Britannia—Sellers ls p.

Cairnmuir—Sellers lis 9d p. Central Ciiarlton —Sellers ls dis. Central Electric—Buyers £3 12s Gd, sellers £4.

Charlton Creek—Buyers .£1 4s 3d, sellers £1 Gs.

Chatto Creek—Buyers £1 2s 6d, sellers £1 Is 9d.

Cromwell—Buyers £4 13s, sellers £4 19s. Dobson No. 2 (paid)— Sellers £1 0s Gd. Dunstan Lead—Buyers £1 16s Gd, sellers £2. Electric—Buj-ers £2 18s, sellers £3. Electric Extended—Buyers 15s 6d, sellers 16s Gd p. '

Endeavour—Buyers Bs, sellers lis p. Enterprise—Buyers £5 ss, sellers £6. Evans Flat—Buyers £1 ls Gd, sellers £1 23 Gd.

First Chance—Buyers 17s Gd, sellers £1 ls. Foley's Creek—Buyers 2s 6d, sellers 2s 9d p. Fourteen-mile Beach—Sellers £2 ls. Galtee More—Buyers ss. Galvanic—Buyers £1 3s 6d, sellers £1 ss. , Gentle xinnie—Buyers 8s 6d, sellers 10s p. Gold King—Buyers 6s, sellers 6s 9d p. Gold Queen—Buyers £1 15s 6d, sellers £1 17s. Golden Beach^-Buyers £2, sellers £2 ls 6d. Golden Falls—Buyers Is 6d p. Golden Link—Buyers 14s, sellers 16s. Golden Point—Buyers £1 3s, sellers £1 ss. Golden River—Buyers ls, sellers ls Gd p. Golden Terrace—Buyers 7s Gd. Golden Treasure—Sellers £5. Golden United—Sellers par. Great Central—Buyers 7s 9d, sellers 9s Gd p. Greenstone Junction—Buyers ls p. Halfway House—Sellers £2. Hartley and Riley—Buyers £10 lGs, sellers £11.

Hokitika River—Buyers Is Ga p. Junction Electric—Buyers £2 ls 6d, sellers £2 4s 6d. Jutland Flat (vendors) —Buyers 3s 7Jd. Klondyke —Buyers 10s,. sellers 12s 6d. Leviathan—Buyers £1 13s, sellers £1 15s. Magnetic—Buyers £2 19s, sellers £3. Main Lead Hercules—Buyers par; sellers Gd

Majestic—Sellers £1 7s v Major Robin—Sellers ls" 6d dis.

Meg and Annie—Buyers £2 Gs, sellers £2 Bs, Merrimac—Sellers £1 10s. Metallic—Sellers 2s Gd p.

Miller's Flat Electric—Buyers £1, sellers £1 7s 6d. Moa Flat—Buyers £1, sellers £1 4s. Mokoia—Sellers £1 Is. Monte Christo—Buyers 9s, sellers 12s p. , Morning Star—Sellers ]ss. Naumai—Sellers £1 2s 9d. Nevis—Buyers .-gl 4s. New Alexandra—Sellers £1 53. New River —Buyers par. North Beach—Sellers par. Olngc—Buyers ISs Gd. Patftolus—Buyers 10s, sellers 14s 6d p. Pactolus No. 2—Sellers ls Gd p. Pactolus No. 3—Sellers Gd p. Perseverance—Sellers £5 10s. Reeves Proprietary—Sellers ls p. Rise and Shine—Sellers Is. p. River Molyneux—Buyers Bs, sellers 10s 6d p. Roxburgh Jubilee—Sailers,Gs p. Roxbursrh Lead—Sellers na-r. Royal Msnri—Buyers ls 3d. sellers 3s p. Sailors' Bend—Buyers £2 7s. ■ > "Second Magnetic—Buyers £1 13s, sellers £1 16s.

Te\;.:ot —.Sellers Is p.

Trafalgar—Sellers 4s 6d p,

Tuaueks—Buyers £1. 3s. sellers £1 10s. Tucker's Flat—Sellers 2s v. Upper Magnetic—Buyers £1 G9 6d, sellers £1 10s.

Vincent—Sellers £4 4s,

Vincent Extended—Buyers £2 ss, sellers £2 Ss.

Waikaka Forks—Buyers ls Gd dis, sellers par.

Waikaka- Queen —Sellers par. Waimumu—Buyers £1 Gs, sellers £1- Bs. Waimumu'Central—Sellers Gs Gd p. Waimumu Extended—Sellers £1. Waipuna—Buyers 2s 3d. sellers 3s p. OTAGO STOCK EXCHANGE. Golden Molyneux shares were sold yesterday at Gd premium. Sales also took place at the following prices: .Consols, £1 18s Gd: Hartley and Riley, £10 7ss Gd, £10 17s 6d,- and £10 16s; Vincent, £4 2s. \ The following are yesterday's latest quotation-:—

Ahaura River—Sellers Is p. Aldinga—Sellers Is p. Alpine Consols—Buyers £1 18s, sellers £2. Bendigo—Sellers 4s p. Boundary Creek—Sellers 5s p. Bnller Junction—Sellers Gs. Cairnmuir—Buyers 10s, sellers 12s p. Central Electric—Buyers £3 10s. . Charlton Creek—Buyers £1 5s 3d, sellers £l 8s Gd. Charlton Valley—Sellers par. Claughesy Freehold—Sellers 6d. Cromwell—Buyers £4 12s 6d, sellers £5. Dunedin—Buyers Ss, sellers 10s Gd. Electric—Buyers £2 ISs, sellers £2 19s. Evans Flat—Sellers £1 4s. Excelsior—Buyers 2s, sellers 5s p. Ford's Creek—Sellers par. Galtee More—Sellers Gs. ■ Galvanic—Buyers £1 3s,' sellers £1 6s. Globe—Sellers Gs Gd p. ■ Gold Creek—Sellers 15s. Gold Deposit—Sellers 6d p. ' Gold King—Sellers 9s 6d p. Gold Queen—Buyers £1 15s, sellers £1 16s Gd.

Golden Falls—Buyera 2s 6d p. Golden Gate—Buyers £7 15s. Golden Glen—Sellers 3d dis. Golden Horseshoe—Sellers 6d p. Golden Point—Buyers £1 2s 9d, sellers £1 ss. Great Western—Sellers Is p. Great Woodstock—Sellers Gd p. Greenstone Creek—Sellers 3s 9d p. Halfway House—Sellers £2. Hartley and Rilev—Buyers £10 15s, sellers i?ll.

Inch-holme—Sellers 5s p. Junction Electric—Sellers £2 7s. Klondyke-*-Buyers 9s Gd. Leviathan—Buyers £1 9s 6d. Maori King—Sellers ls Gd. p. Manuherikia—"Buyers £5 10s. Meg and Annie—Buyers £2 ss. Moa- Flat—Buyers £1, sellers £1 4s. Mokoia—Buyers £1. Morning Star—Sellers 19s. New River—Buyers par. Ngapara No. 3—Buyers £1 0s Gd. No Town Creek —Buyers ls, sellers 4s p. Olrig—Sellers £1. Otama—Sellers Cd p. Perseverance—Sellers £5 12s 6d. Richards's Beach—Sellers £1 6s. Riverbank—Sellers 16s Gd. Ross Flat—Sellers Gd p. Roxburgh Lead—Sellers ,Gd p. Sailor's Bend—Buyers £2 7s Gd. Second Magnetic—Buyers £1 lis, sellers £1 16s.

Tyson's Beach—Sellers par. Upper Magnetic—Buyers £1 2s, 'sellers £1 10a. Victory—Buyers 9d p. Vincent—Buyers £4, sellers £4 -4s. Vincent Extended—Buyers £2 6s, sellers £2 Ss 3d. Waipori King—Sellers ls p.

THE EQUITABLE STOCK EXCHANGE reports as follows: —

Sales.—Greenstone, 2s 6d p; Junction Electric, £2 5s 6d, £2 6s; Klondyke, 12s; Leviathan, 31s; River Molvneux, 10s p; Sailors' Bend, £2 7s Gd; Second Magnetic, 335, 335; Vincent, £4 5s 6d. Buyers.—Cromwell, £4 18s ; Dunedin, 9s 6d ; Electric, £2 17s; First Taieri, Gs dis; Gold Queen, £1 18s; G olden Falls, 2s 6d p; Golden Point, 235; Grey River Consolidated, 2s 6d p; Hartley and Riley, £10 7s 6d; Hokitika Extended, 3s p; Junction Electric, £2 4s; Klondyke, lis Gd; Leviathan, £1 9s; New Alexandra, 225; River Molyneux, 9s Gd p; Sailors' Bend, £2 2s Gd; Vincent, £4 3s; Vincent Extended, £2 8s; Waimumu Extended, 16s Gd.

Sellers.—Ahaura River, 6d p; Alexandra Bonanza, 6d dis; Bannockburn Creek, 2s dis; Chatto Creek, £1; Crown Diamond, par; Dunedin, lis; Electric, £2 19s; First Taieri, 4s dis; Gold Queen, £2 Is 6d; Golden Falls, 6s 6d p; Golden Gravel, par; Golden Horseshoe, 6d p; Golden Mile, par; Golden Bed, 265; Golden Chain, par; Golden Ripple, 3d p; Golden Run, £2 lGs; Grand Junction, Od p; Greenstone, 3s p; Grey River Consolidated, 3s Gd d ; Harris Beach, Gd p; Hartley and Riley, £H~ 7s Gd; Hokitika River, 7s Gd p; Inchholme, 2s p; Junction Electric, £2 7s Gd; KiaOra, 2s Gd dis; Klondyke, 13s; Leviathan, 355; Lioness, 2s dis; Main Lead Hercules, ls p; Miller's Flat, £1 7s Gd; Mokoia, 225; Naumai, 20s; No Town No. 2, 3d p; Olrig, 225; Orwell Creek, Gs p; Otama, pur; Point dOr, par; Premier Waikaka, Is p; Pride of Tuapeka, par; Prince Imperial, 2s clis: Reeves Proprietary, £1 0s Gd; Remarkables, 3a dis; Richards's Beach, 275; River Molyneux, lisp; Ross Flat, par; Roxburgh Jubilee, 6s 6d- p; Royal Sovereign, 2s dis; Sailors' Bend, £2 8s Gd;" Shotover, 2s dis; Triumph, 3d p; Vincent Extended, £2 12s fid; Vulcan, par; Waimumu Extended, 18s; Waimumu Central, 8s 6d p; Wot Lead, par; Woodstock, 3s p.

THE MORNING STAR GOLD DREDGING

COMPANY,

Th. directors, in submitting their report fcr tin period ending 30th June, regret that so far expectations have not- been realised. Tho ground worked being patchy, reduced the average of gold won from the claim. The dredge is in good working order, and from the outset has worked steadily, and treated a large quantity of material. All the directors retire, but offer themselves for re-election. Mr T. Chalm;.-, the auditor, retires, but offers himself for re-election.

The balance sheet shows that the value of the gold won ivas £1505 17s 2d, the only other item of receipts being £5 for hire of crane. The expenditure amounted to £1723 14s Id, of which £131 lis 9s is for preliminary expenses, £132 13s Gd for general expenses. £942 17s 'M for wages, and £379 IGo for coaL

NOTES FROM- ALEXANDRA. (Fhom Oiir Own Correspondent.)

ALEXANDRA, July 23. Most of the machinery is now in position on the Manuherikia dredge. During the past week, among other things, the winches have been fitted ,up, and half the elevator buckets have been put on. The sides of the deck housing are about finished, though the roof has vet to be put on. The ladder buckets are not yet to hand.

Tlie top tumbler framing is about finished on the Golden Falls pontoons, and some of the deck planks have been spiked down.

There is nothing more forward of the machinery for the' Sailors' Bend dredge, which co,nnot- be ready r.ow before the spring. Messrs Kncv.'stubb Bros, have had the building site of the Alexandra Lead, pontoons excavated a little higher up the bank from the river. Some four or five loads of timber have been landed en tbe claim.

No more machinery has been delivered during the week for the Golden Link dredge. One .of . the pontoons of the Pirst °Ckance dredge, is ready for the planking, and a "-ood deal of the framing is up on the other.

The dismantling of the Galtee More machinery will be finished early next week.

The Earnscleugh No. 2 dredge is workin-; agaii-j, and" for three days obtained 220z Bdwi 16gr.

The Fourteen-mile Beach dredge is ready except for the electrical plant.

Tho Molyneux rose about nine inches last night, as the result-of the mild weather; and the Manuherikia is also very high. The Molyneux is.falling again this afternoon.

GOLD IN TARANAKI. (Per United Press Association.)

• .. ■ _ - . .NEAV PLYMOUTH, July 23. Gold indications have been . found in the Awakino district by an eld digger employed in fencing property. about five miles from the coast. It is stated to be a well-defined quartz reef. ,A private sale is reported of 4240 acres of coal-bearing land at Mokau.

.NOTES FROM CROMWELL. (From Our Own Correspondent.)

CROMWELL, July 23. Boring has commenced on the Cornish Point claim at a height of about 20ft above the present river level,, just opposite the Cromwell coal-pit. \

A very strong and serviceable plant arrived to-day," and will be used in testing the Point dOr claim. •

The - boring plant for testing the Voltaic claim is now on the ground. The Alpine has not yet been raised. Another hole-has to be stopped.