MINING.

Otago Daily Times, Issue 11935, 8 January 1901, Page 6

MINING.

The Secretary of. the Golden Beach Hydraulic Elevating and Dredging Company reports a return of 230z 13dwt sgr for 70 hours' dredging. Tho Secretary of the Chicago Dredging Company reports a return of 7oz for GO hours' dredging. The Ngapara- No. 3 dredge was not working • last week, The Secretary of Iho Tuapeka, Dredging Com-pany-reports a return of 230z lOdwt for tho week ended on Saturday last. Mr J. J. Gibson, Lawrence, reports that the return from the Lawrence dredge is 13oz ldwt llgr. Tho Secretary of the New Alexandra, Dredging Company reports a. return of 16oz 6dwt 6gr for 125 hours' dredging. The Upper Waipori Company's dredge resumed work on Sunday at midnight. The winch for the Arrow Junction Company's dredge, which has been constructed by Messrs ,T. M'Grcgor and Co., Otago Foundry, was tried under steam yesterday morning in the presence of sevoral of the director* and shareholders of the company, also the consulting engineer's (Mr Leslie H. Reynolds, CE.) representative, Mr F. W. Blftkey, who supervised tho trial. The directors expressed themselves in highly satisfactory terms of the substantial design and good workmanship of the 'winch, which reflects credit upon the contractors. The winch will be forwarded to the dredge at once, which, together with the atam pipes going forward this week, complete! the balance of material. The orection of the dredge is vapidly approaching completion, and it should be working by tho end of the present month. Messrs Watt and Fussell report as follows on the erection of the machinery of the Arthur's Point Gold Dredging Company (Limited): — The gantry, gearing, pump, counter shaft, and screw arc erected in position. The boiler, centrifugal pump, nnd winches are in position ready for bolting down, the elevator bolted together ready for riveting, and the rest of the material drawn in conveniently for placing on.boa.rd, and the timber boing got ready for proceeding with the housing. THE WEEK'S DREDGING RETURNS. During the week ended Monday, January 7, returns were reported from the following 13 dredges, the total yield being 2740z 19dwt lgr, or on average of 2102 per dredge: — Oz dwt. gr. Charlton Creek, near Goro .. 42 10 0 Golden Gate, Miller's Flat (5 days) 36 10 0 Otago, Miller's Flat (10 days) .. 2G 10 0 Golden Beach, Alexandra (70 hours) 25 13 5 Tnapeka, Tuapeka Flat .. .. 23 10 0 Molyneux Hydraulic, Alexandra, (3 days) 23 7 0 Waimunni Central, near Gore (112 hours) 22 i 0 Waimumu Queen, near Gore (141 hours) .. ..' 19 11 3 New Alexandra, Alexandra (125 ■ hours) 16 G 6 Lawrence, Tuapeka Flat .. .. 13 1 11 Waimumu, near Gore (56 hours).. 11 13 0 Inch-holme, near Palmerston (144 hours) 7 3 0 Chicago, Alexandra (60 hours) .. 7 0 0 Total ~ .. ~ ~ ~ .. 274 19 l For tho corresponding week last year the return from nine dredges was 2320z 13d\vt 3gr.

DUNEDIN STOCK EXCHANGE. Sales were made yesterday at the following premiums:—Ahaura River, Iβ; Golden River, Is Ihi; Grand Junction, 7s 3d; Hokitika Extended, Is Gd, Is 9d, and Is 6d; Hokitika Junction, 3s 3d, 2s, and, 2s 3d; Maori King, Is Gd; Mosquito, 2s 9d, 3s, and 3a 3d; No Town Creek, 7s Gd; Onvcll Creek, 5s 6d; Pactolus No. 2, Is; Tcviot, par; Westland, par and 2d. Sales wero also effected at the following prices:Boundary Creek, 24s and 2-!s 6d; Dobson No 2, 29s 3d and 295; Gentle Annie, £2 6s; Gold Quean, 33s ; Grey River (ex div.), £3 17s Cd; Hartley and Rilcy, £5 19s 6d; Kelly and Casey, 335; Miller's Fl.it Electric, 275; Mokoia- (ex rights), 255; Premier Waikaka, Ms; Reeves Proprietary, 26s Gd; Second Magnetic, 323 M. Morvon Ferry shares were sold at 29 Gd discount. The following are yesterday's latest quotations, subject to the usual brokerage:— Al—Buyers £1 4s. Ahaura River—Buyers Bd, sellers Is p. Aldinga—Buyers 3s 6d, sellers Gs p. Alexandra Bonanza—Sellers Is dis. Alpine Consols-Buyers £2 3s Gd, sellers £2 5s Gd. Alpine No. 2—Buyers £2, sellers £2 4s. Arrow Junction-Buyers £\ Bs, sellers £1 10a 9d. ■ . • Arthur Point—Buyors 3s die. Bendigo—Sellers 7s p. Bignell's No Town-SelleTs par. Boundary Creek-Buyers £1 4s 3d, sellers £1 ss. Britannia-Sellers par. Buller Junction—Buyers par. Cairnmuir—Buyers £112s, sellers £1 15s 6d. Caledonia—Buyers 4s, sollers 5s p. Central Charlton—Buyers 15s, sellers £1. Ceutral Eleotric-Buyors £3 15s, sellers £4 ss. . . ' Charlton Creek-Scllors £1 19s Gd. Crown Diamonds—Sellers 3d p. Dart River—Buyers 2a, sellers 6d dis. Digger's Pride—Sellers par. Dobson No. 2—Buyers £1 8s 6d, sellers £1 9s. Duke of Wellington—Buyers Is dis, sellers Is 6:1 p. Electric—Buyers £2 Gs β-l, sellers £2 8s 6d. Enterprise—Sellers £5 16s, First Chance—Sellers £1 9s. Ford's Creek—Buyers £1 Is, sellers £1 Ga. Fmirteon-milc Beach—Buyers £110s. Galvanic—Buyers £1 10s. Gontle Annie—Buyers £2 6s, sellers £2 7s Gd. Gibb's Boach-Sollcrs 3s 6d dis. Globe—Buyers Is dis. Gold King—Buyers 3s 9d, sellers 2s 3d dis. Gold Queen— Buyers £1 11s, sellers £1 13s Gd. Golden Beach-Buyers £1 Is Cd, sellers £1 7s Gd. ■ . ■ ■ . Golden Bed—Buyers £1 9s, sellers £1 9s 9d. Golden River—Buyers Is 4M, sellers Is 7Jd p. Golden Run—Sellers £2 10s. Grand Junction—Buyers 7s 3d, sellers 7s Gd p. Great Central—Buyers £1 12s 6d, sellers £2. Greenstone—Bijyer3 3s Del, sellers 4s 3d p. Greenstone Jnnction—Bnycrs £1 6s, sellers j>l 8s Cd. Grey Monarch—Buyers Is p. Grey River (ex div.)— Sellers £-1 2s Gd. 'Grey River Consolidated—Buyers 4s, sellers 5s p. Gunton's Beach—Sellers 23 dis Halfwny House—Buyers £2 .13 fid, sellers £2 03 oa. Hartley and Eiley—Buyers £6 19s, sellers '£6 19s Gd. Hokitika junction—Buyers 2s Sd p. Hokitika Extended-Buyers Is 3d, sellers 2a p, Hokiiikn Rivp>-_Sell-irs 17s p. Inchda-le—Sellers par.. Inch-holme—Sollc-rs par, Jnnction Electric-Buyers £1 7s, sellers £1 10s. Kawarau Bridge—Buyers 2s 9d p. Kelly and Casey—Buyers £1 12s 3d, sellers £1 135.Kohiuoor—Buyers 9s, sellers 11s p. Lady Charllon—Buyers 2s 9d, sellers Is dis. Lafraiichi—Sol'm par. Leviathan—Sellers £2 3s 6d. Macrowhenu'a—Sellers' Is p. l Magnetic—Buyers £1 8s 6d, sellers £1 11s Gd. •.,•-.' Majestic—Buyers £1 3s, sellers £1 ss. Malone's—Buyers -Is dis. Mnori King—Buyers Is' Gd p. Marsden No. I—Sellers 2s p, Mnralen No. 3—Buyers par, sellers 3s p. Mata-n—Sellers £3 10s.. Meg' and Annie—Buyers £3. Mcrrininc—Buyers £1 Us Gd, sellers £1 lGs 9(1. Miller's Flat Electric-Sellers £1 7s Gd. Moa Flat—Buyers 19s, sellers £1 . Moke Creek—Buyers 5s dis, sellers par. Mokoia (ex right?)— Buyers £1 ss, sellers £1 Gs. ' Monte Christo-Selleri £1 17s. Mosquito—Buyers 3s 3d, sellers 3s Gd p. Nelson Creek—Bnycrs £2 10s, sellers £2 17s. New Rivor—Sellers 13 6d p. No Town Creek—Buyers 6s 9d, sellers 7s 7jd p. No Town No. 2—Buyers 2s 6d dis, sellers par.

North Beach—Buyers 3s, sellers Gs p. Nugget—Sellers 2s. Old Diggings—Buyers Gd dis, sellers Is p. Otama—Sellers 5s din. Pactolus—Buyers SI Os, sellers £1 15s. Pactolus No. 3—Buyers Is, sellers 2s p. f ncioliiß No. 3—Sellers Is p. Perrolt's Junction Lojul—Sellers Is die. Perry's 3d, sellers is p. Porisonby—Buyers 2<i dis. Prince of Wales (paid)-Euyers £1 2s, sellors .£1 4s. . . :. i! ; Reeves Proprietary— Buyers £1 5s Gd, sellers £1 G3 6d. Riclmrds's Beacli—Sellers £1 2s. Rise and Shine—Snllers Gel p. River M.nlyneux—Sellers 4s p. Royal Maori—Sellers 3s p. Sailor's Bend—Sellers £2 2s. Saltwater Creek-Sellers 6d p. Second Magnetic—Buyers £1 12s, sellers £1 12s 9d. . < Shollbaek-Buyers Is Gd dis, , Tcviot—Buyers 9d, sellers ljd dig. Three-mile Greenstone—Buyers £1 ss, sellers £1 6s 9d. Trafalgar—Buyers 8s 9d, sellers 11s p. Tuapeka—Buyers £1 3s Bd. Unity—Sellers .£2. ' Upper- Magnetic—Buyers £1 10s, sellers £1 12s 9d. Upper ATaippri—Buyers 183, sellers 19s Gd. Victory—Buyers.7s 6d,.sellers 8s 6d p. Vincent—Sellers £2 2s. Vincent Extended-Buyers £2 ss, sellers £2 7s, Waikaka. Forks-Buyers 10s. ' Vaiorj—Buyers 2s dis, sellers par. ■\Vaipuna-Buyers £1 3s Gd. sellers £1 8s Gd. Waroatea-Buyers 8s .6(1, idlers 4s Od p. Wattcrson's Consols—Buyers 9d p. W'eatland—Buyets'p'ir; "sellers 9d p. Yellowstone—Buyers -9d dis, sellers par. OTAGO STOCK EXCHANGE. Orwell Creek sTioTes were sold at 6s 6d premium yesterday. Sales vrere also recorded at the following prices:-Alpine Consols, £2 4b 3d; Boundary Creek, 24s 9d; Cbarlton Creek, 39s 6d; Gold Queen, 3Sa 9d; Hartley and Rilcy, £G ISs Gd and £6 IBs; Kelly and Cnsey, 33b 6d and 335; Magnetic, 31s; Moa-Flat, 19s 3d. The following are yesterday's latest quota- 1 t:dns:— Ahnnra River—Buycre 6d, sellers Is p. ffictinga-Buyers ss. Gd,, sellers Gs 6d p. Alexandra Eureka—Sellers £2 ss. Alexandra Lead—Sellers JEI. Alpino Consols—Buyere £2 3s Gd, sellers £2 sb. - Alpine No. 2—Buyers £2 2s, sellers £1 3s. Arrow Junction—Buyers £1 7s Gd, sellers £1. 10s. ■ Bendigo—Buyers 3s 6d, sellers 5s Gd p. Boundary Creek—Buyers £1 in 3d, sellers .£1 5: .':•., Co irnmuir—Buyers £1 12s, sellers £1 13s. Caledonia—Buyers ,4s, sellers 5s p. Central Electric—Buyers £3 14s, sellers £3 19s M. Charlton Creek-Buyers £118s, sellers £1198 Gd. ■ ■ Ctomwellr-Buycrs £3 18s, sellers £1 ss. Davis Bend—Sellers 5s p. Dobson No.' 2-B«yors £1 8s Gd, sellers £1 9s C'2. .Dmistan Lead—Sellers £1 Gs. £1 15s, sellers £1 18s. Eloctric-Buyers £2 7b,'sellers £2 8s 3d. Electric Extended—Buyers £2 2s, sellers £2 3s 9&. Erickson's Reward—Buyers Gs, sellers 8s Gd PCs dis. Evans Flat—Sellers 18s. Extended Fourteen-mile Beach—Sellers 2s 9d p. " First Taieri—Sollers Iβ. Ford's Creek-Buyers £1 ss, sellers £1 6s 9d. Fourteen-mile Beach—Buyers £1 13s. Galvanic—Buyers £1 12s Gd. Gentle Annie—Buyers £2 5s 6d, sellers £2 6s 3d. ' ■ . ' . Gold King—Buyers 3s, sellers Is dis. Gold Queen—Buyers £112s, sellers £113s. Golden Banner—Sellers Gd p. Golden Bed-Buyers £1 8s 9d, sellers £1 9s did. Golden Gate—Buyorn £6 15?, sellers £7 ss. Golden River— Buyers Is Gd, sellers 2s p. Golden Ron-Sellcre £2 9s. Gotfon Treasure—Sellers £5. Grand Junction—Buyers Gs 6d, sellers 7s Gd p Great Central-Sellers £1 lGs Gd. Great Woodstock—Sollers Is p. Greenstoue-^Bifyers-3s,.sellers Gs p. Greenstone Greek—Sellers £1 16s. Grry River Consolidated—Buyers 4s p. Hartley and■ Hiley—Buyers £6 17s 6d, sellers £6 18s Gd. V Uokitiktt Extended-Buyers Is 3d, sellers 2s p Hokitilm River-Buyers 14s, sellers 15s p. Inch Vallejv-Sellers.jei Gs Gd. . Kawarau Bridge—Sellers is p. Kmvarau Consolidated—Sellers Is dis. Kelly ft-nd Casey-Buyers £1 12s Gd, sellers fl 33s 6a. Leviathan—Sellers £2 Gs. Magnetic-Buyers £1 9s, sellers £112s. Majestic—Buyers £1 4s, sellers £1 7s. Maori King-Buyers 9d, sellers Is 4Sd p,. i Matau-Sellcrs £3 11s. Meg and Annie—Buyers £3 4s, sellers £3 Bs. Merriinac-Buyers £115s, sellers £1 16a 9d. Miller's .Flat Electric-Buyers £1 6s Gd, sellers £1 Os. Moa Flat-Buyers 19s 3d, sellers 19s 6d. Mokoia—Buyers £1 3s, sellers £1 4s 9d. Monte CliTislo—Sellers £1 163 6d. Nelson Creek-Buyers £2 12s 6d, sellers £2 i7s. . ' '-' /:' Nevis-Sellers £110 a. „ • No Tom ..Cre.ek-Bujeie is 3d, sellers 7s p.

No Town No. 2~Sellers Is dis. Nugget—Sellers 3s. Orwell Creek—Buyers 6s, sellers 6s 3d p, Pactolus No. 2-Buyers Is Gd, sellers 2s Dd p. Premier "Waikaka-Buycrs 16s, sellers 18a. Reeves Proprietarjv-Buyers £1 3s, sellers £ 1 78. Richards's Beach-Sellers £1 23. Roxburgh Lend—Sellers 2s dis. Royal Mnori—Sellers Is 6d p. Sailor's Bend-Buyers tl 18s. sellers £2 Is 62. Saltwater Creek-Sellers 2s Gd p. Second Magnetic-Buyers £1 Us, sellers £1 12s oa. Smith's Creek and Bannockbum—Sellers 3s 6d dis. Three-mile Greenstone—Buyers i'l 4s 3d, sellers £1 7s Gel. Tnapeka-Buyers £1 Gs 6d, sellers £1 Wβ Upper Magnetic—Buyers £114s 9d, sellers £1 lGs. Victory—Buyers 7s Gd, sellers 9s p. Vincent Extended-Buyers £2 is, sellers £2 7s. Waipuna—Sellers £1 10s. Watterson's Consols-Buyers Gd, sellers 2s p Yellowstone—Sellers 6d p. THE GUNTON'S BEACH GOLD DREDGING COMPANY (LIMITED). An extraordinary general meeting of shareholders in the above company was held at tho registered office of tho company last evening. Mr Eoy, chairman o! directors, presided, and there were six shareholders present. The object of the meeting was to confirm sis special resolutions the following, which were duly passed at an extraordinary meeting of shareholders held on the Bth December, 1900:-" (1) That tho memorandum of association of the company be modified as follows:—That clause i bo struck out, and that the following be substituted: 'Tho capital of the company shall bo £11,380, divided into 3003 fully paid-up shares of 16s Sd each and 14,800 contributing ehares of li!s each'; (2) that the name of the company be changed to 'Gunton's Bench Amalgamated Gold Dredging Company (Limited. 1 " Confirmatory resolutions were duly carried. NOTES FROM CROMWELL.' (Fb'ou Our Own Correspondent.) . . ' , CROMWELL, January 7. The recent raine and hot winds have put tho rivers up, and they are now above mean summer level. ■ Moat of the dredges have not, yet made a start, and will not until the rivers fall considerably. The framing of tho Royal Mp.ori is now almost in position, Some timber for the Rise and Shine is on the ground, and tho site is finished. NOTES FROM ALEXANDRA. (From Our Own Coriiespondent.l ■' ALEXANDRA, January 7. The Molyneux is 7jft abovonormal. Dredping is in full swing ngnin. The Perseverance dredge will be stopped for some days as the top tumbler has broken. . THE MATAURA DISTRICT. (Frok Oue Own Correspondent.) GORE, January 7. Mr Thomas Graham, under whose experienced management the Central Mataura- Company's prospecting dredge has recently secured filch' substantial returns, has resigned his position as dredgemacter. The Dome Creek dredge, near Waikaia, was to have commenced dredging to-dny. The Central ilataura Company's prospecting dredge recommenced work on Thursday, after being closed down for the holidays, The new dredge on. No. 1 claim will be working by the end of ihe month. Everything excepting the buckets and tables is in position. Although tho prospects on No. 1 claim arc slightly inferior to No 2, the prospecting dredge secured from l'loz to 20oz. ALPINE EXTENDED QUARTZ COMPANY, LYELL. , TO THE KIUTDH. Snt,—ln your issue of this dnte I read the letter written by " Eighteen Years' Alpine Experience," in which he points out the mismanagement of the claim, and shows very clearly that there is plenty of payable quartz in the mine. I have many letters in my possession that corroborate all the writer states. I ain informed that it is well lmov.-n thnt there is plenty of payable, quartz that could be taken out, anil that some of it would go 9dwt to Joz of gold to the ton, and that if the mine were, worked properly tho shareholders would get dividends, and that in six months the shares would be worth 10s. The same writer , states that tho tributers who are working the mine do not give the company the value of a penny for the quartz they win, and that a mine manager is employed at £i per week, a battery manager at £5, a. miner at £3, and the secretary of the company at £3 per week,. He states, moreover, that the tributers get the quartz crashed at the company's battery for-5s per ton, so apparently shareholders are paying 115 a- week to keep the tributers (?) going, and got nothing in return. j It must be apparent to shareholders that a p change of management is necessary. Tho j annual meeting will be heldnwir tho end of this ! month for the election of directors, etc., fo ' if shareholders will work together for our mutual benefit we will appoint at least two new directors. This can be done if shareholders will at once pay their call now due, and send their proxies to a, man who they know will carry out their wishes. The forms of proxy sent by the company to shareholders generally reach hero only a few days before the meeting'is held at Lyell. There- j fore it is not advisable to wait fov them, or they ' probably would not reach Lyell in time for the meeting. Any shareholders who think proper ; to do so may send their proxies to P.O. Box No. '126, Dunedin, and I will do my best to ; effect tho change of management which would no doubt 1)6 beneficial to all shareholders excei*t to two or three at Lyell. I should like the directors—for tho information of shareholders—to say whether or not j they gave tho tributers (?) £79 of tho com- j pany's money for some purpose, and, if they >. did give tho nfcmey, for what reason did they • give it. If other shareholders will join me, I am prepared to give £5 or more to defray the expenses i of a solicitor and a- competent quartz mining msnager to go to Lyell and investigate tho way tho company's affa-irs have been and are now being conducted.—l am, etc., Shareholdeb. - Dunedin, January 7. THE FOURTEEN-MILE BEACH GOLD DREDGING COMPANY. TO THE EDITOR. Sir,—l see in Thursday's issuo a column or so of ahuso and rambling misstntements signed '. " John Ewing." In the imaginary " Limerick " he is pleased to create for the purpose of , abusing, ho has really given us a truthful-pen-and-ink portrait of himself, a portrait so.neat! and truthful that it conld only be drawn by \ the man who has -lived it so long. _ His | imaginary dialogue is also.good. His spiteful allusions do not apply to the real " Limerick." They are only random " Mid-Molyneux" shots which have fallen flat in "Transmission"; rnoro capitals, please. Although I have no hobby to run the longest pipe-line in the universe, regardless of ox' ponse or consequences, my mining experience is more varied a-nd practical then that of Mr Ewing, and any time that it has been used in an expert capacity it has been at the request of men better able to judge of my qualifications than Mr John Ewing is. So much for personalities. Thero is very little more in his column to answer. I am well aware that no amount of controversy will much improve matters, and I am also well aware that, it will not convinces Mr John Ewing that he was not j born for tho sole purpose of running tho uni- ; verse, however small a unit ho may be in I reality; but it makes me ill to see men who, through sheer persistent ignorance and, stupidity, have brought ono of the best con- | corns on tho river into a state-of chaos, have ; the cast-iron cheek to come out in co!d print I at the eleventh hour to try and fix the results j on others. He says their rejection—no other word wiU suit it—was brought about by , canvassing. I can find no shareholder who will admit that he was canvassed. There is really not a great deal in the matter, and the claim will come out all right directly despite past mismanagement. Mr Robertson, who con- j structed the race, certainly did his duty. The j damage was done before he got there. I can- i not attempt to reply to all the side issues [ Mr Ewing drags in, as I really have, some re-1 gard ior your space. | In conclusion, I must say that the company ■ will not return to a directorate containing any . members whose qualifications are mostly j "paid-ups" and a fulness of bombastic empti- ■ ness, combined with a .penchant for solf-adver- [ tising. - v i I note that Mr Ewing threatens to have something further to say with regard to raining ; experts, brokers, and such like. If he carries his threat into effect I pity the Times' readers, sis Sir Ewing has not yet lenrnod to say anj , - thirjg in less than three columns' of small print.—l am, etc., Liiiehick. I