MINIG.

Otago Daily Times, Issue 13289, 22 May 1905, Page 6

MINIG.

Tho Waimumu Queen dredge resumed operations on Friday.

'■There was no wash-up cm the Cljde dredje last week. The dredgeiuaster expects to sinks solid giound to-monow, The secretary of the Manuherikia Company reports a leturn of 12oz 15d\rt for 130 hours' work. The dtcdg° was woiiang 011 old giound last week, and is .to be shnted to another part of the claim.

The master ot the Bignell'a Xo Town dredge repoits v aslnng-up foi a return of 330z 14 ,t for 187 hours' work. lie also wired: "Passing thiough tailings; when opened out do not expect improvement for two vttks"

The Gabriel No. 1 dredgbmastor report? washing-up for a return of 7oz 3dwt He aJso wired lhat there was a flesh m thenver on Tuesday which gave a lot of drift to be bailed out. Tho wash is also poor at present. The 'ccretaij of the New Peucverance Company reports a return oi 530z 13d\vt fiem the No. 1 drcd o >o for last v.eek.l Tho Ko. 2 dredge was not working, consequently thcie was no wash-up. AVoik was to bs lesumed lust m«ht, Tho secret?ry of tho New Fcui tcen-mile Beach Ccmpany reports a leturu of oOoz ld«t for 133 hoius' woik. The diwls&naster reports that, he had stopped dredging, the top tumbler having shifted, but he expend to stait again to-day

Tho secretary of tho Brach Comppny reports that owing to tile high river tho dredge bjd closed down toivtrds the end of last week. From later advices to hand the diedgcm?ster stated that the ruer w« fating, and he hoped <o_mal.e a start early this week. In oouneition mth tho pioposals recently put before shajehoklers in the Noith Beach Gold DreJgmg Company. The votiug papers hero row been returned, uith. tho following result.—(l) That the diiectors put the dredgo in piopei working oixler and connmio dred»mg opewtions-H thareholders, holding 4W sjarcs, {>) tlwt tho iiPsets of tlis company oo sold lo the new company, and that tho diudencl of 5s por shaio bo paid to me in cash—l 3 shareholders, holding S3BU votes, f) t' l " Ksets of tbe company,be sold to the new company, and I authorise tho directors to app.y the dividend of 0s poi share to pay my quoU of shales m the Hew company with its management in Giejniouth— 22 sliareholdeis, holding 3375 voljs. Total slnrcho'ders, 70, sbaies lepresenled, bBl5. Ihe ksbls of the company will therjloie bo disposed of, and tho dividend of 5a per share paid lo shareholders. According!} notice 1103 been gp-cn to Mr Joseph Tiijlor that tile company ijch to him the assets of the North Beach Dredging Company, and Iho balance of the purchase money will bs paid over to his company on the lClh June nexl.

A AUstport telegum states that tho coal output last week was 11,103 tens 9cwt, of which 13,125 tons lewt carno fiont Ihe AVestport Coal Companj's mines, and 1071 tons Bowt faom (he Seddonville Stato mine.

THE WEEK'S DREDGING RETURNS. During tho week ended Saturday, May 20 returns uero reported fiont tho following dredges —

O'A dwt, gT. J'jlcctno >»o. 1, Cromwell .. 071 15 0 Otago No. 2, Island Block, week GO 0 0 Muddy Clock, "WtukaLi, 1021ns G5 10 0 Golden Ran, Miller's Flat, 3d)s GO 0 0 Sandy Point, Alexandra, 1301 m 55 8 0 New Perseverance No. J, Alexandra, week ; 53 js o New Fourteen - m:le Beach, below Alexandra, lJohrs ~ 50 1 0 Mystery Plat, 124hrs 47 8 0 Lady Amue, AVaikaiu. 137hrs ..,45 1 0 Rise and Slnno No. 2, Upper Clntha, 137hrs _)2 15 0 E,cctiio No. 2, Cromwell ~ 41 10 0 Rising Sun, Upper O'utha, t 131 !» 3 40 1G 0 Junction JMectnc Xo 2, Croni„woll io 5 0 Dunstan Lead Alexandra, week 30 10 0 AYaihalsii UmteJ No. 1, AYaikoka, 127hrs ... .. , , 35 18 0 Alexandra Lead, Alexandra, 1231.rj 32 17 0 Golden Gate, Jlillar'9 Flat, sJvs 32 17 o Raso and Sbnw No, 1, Upper Olutha, week . .... 32 4 0 Ettrick, Roxburgh, 10 days ~ 31 o 0 New Roxburgh Jubilee, Roxburgh, l.lOhrs . . 30 5 4 Royal AVainmmu, near Mataura, 120hrs 23 8 0 Matau, Clyde, v.ejk 27 10 o Enterprise No 2, Alwndra, v.k 26 18 21 Golden Treasure, Miliei's Flat, mhta 23 10 0 Punt, Upper Ciutha, 123hrs 25 7 0 AVaikak?/ United No 2, AVai132hrs 25 7 0 Chicago, AlcAandra, 121 his .. 24 0 0 Unity, Clyde, week 23 10 0 AYaitmimu, near Mataura, 911irs 2! 7 0 AA r aAaka Queen, U'aikaka, llSlm 22 2 0 OtJgo No. 1, Mil'tr's Flat, v,k 21 0 0 Hmv'ej and Riley, Cromwell, about week . . 20 0 0 Charlton Credit, nr Goic, wk , 20 0 0 Curden Gully, AVaikalia, llChrs 10 10 0 Central Charlton, nr Goic, 1351ir& ID 5 0 Hessev's AVaikaia, 122hrs ~ 19 3 0 Upper AVaipori, 1121 m.. . 18 3 0 Majestic, Miller's Flat, lOlhrs 1G 1G 0 AVaikaka Syndicate, AV.u'ipka, wee't . . . 16 9 0 Golden Bed, Miller's Flat, 125 his 13 ii o AA'aibka AA'aikrlia, lHlirs . 11 1G O Nugent AVood, AA'aikaia, week.. 12 18 0 Jlcnnherikia, Alexandra, 130hrs 12 15 0 Mastsrtor,, AVaikaia, 134 his 10 G 0 JCacCharltou. nr Gore, 135 his 10 4 0 Cabriel No. 1, Tuapeka Flat . 7 3 0 Inchdalc, nr Pa'inorston, 13Ghrs 6 12 0 Total IMO 1 1 The AYest Coast. No Town Creek 132hrs .. .. 0 0 Pactolus No 1, 128 his .. .. ,4G 8 0 Bignell's No Town, 167hrs 33 14 0 Pactolus No. 2 ISohrs ~ .. 23 0 0 Mokoia, fortnight .. .. -27 1G 0 Callagan's Creek, ISllirs .. 25 0 0 Belle A r uc, 120hrs 21 10 0 Thieo-niile (Greenstone Creek), lOOhrs 21 8 0 Al, 127hrs '12 16 0 Total 289 12 0 DUNEDIN STOCK EXCHANGE. A slight improvement in tone was noticeable about Saturday morning's share market, and the business recorded at the call-over, though small, was coinpaiativeiv good. There has been a genwal increase in the returns for the past week, and this, coupled with the fact that the rim - gives promise of steadying down again, appeare to,hare had the effect of firming the market. Alexandra Leads, Electrics, Golden Beds, Otagos, and Unitys displayed a hardening tendency, wliile in other stocks values showed no change, and in four or five ft slight casing. Investment stocks were accorded good notice, and the river showed a. fall of lui since the previous day, the height above normal mark at Alexandra being sft 2in, with the weather overcast. Alexandra Lewis were a shade firmer on Saturday morning and improved inqniry resulted in the changing hands of a parcel at 4= 3d, further buyor3 being in evidewe at