MINING.

Otago Daily Times, Issue 13385, 11 September 1905, Page 6

MINING.

The. return from (ho Golden Gate dredge last week was 450z for five dnys' work. The river was steady. The return from tho Pactolns No. 1 dredge last week was 87oz 13dwt for 130 hours' work. Tho No. 2 dredge was under repair, consequently there was no wash-up-. Tho secretary of the Alexandra Eureka Company reports a return of 120oz Gdwt sgr for the past week. The return for tho previous week was lOSoz 4dwt.

Tho master of the Matau dredgo wired tho secretary on Saturday mcniing that ho had stopped owiug to a small breakdown of the engine.

._ The secretary of the Sailor's Bend Company is in receipt of tho following wiro from the dredgemaster:—"Bottomed Friday night; can beat drift."

Tho master of the New Golden River dredge wired on Saturday:—"Stopped hedging; winch broke."

The return from the Round Hill Gold Mining Company's claim for the month of August was 2120z ldwt, valued at £837 lis lid. Owing to the long spell, of dry weather water was very low; during the month. Tho secretary of the Riso and Shine Company reports a return of 330z lOdwt from tho No. 2 dredge for 132 hours' work. The No. 1 dredge was repairing all last week, but was 'expected .to resume work at midnight yesterday.

The master of the New Roxburgh Jubilee dredge wires washing up for a return of 230z 9dwt for 8G hours' work. Tho remainder of tho time was taken up with repairing, dredging being resumed 011 Friday, night. The return from the Three-mile (Greenstone Creek) dredge last week was 16oz 3dwt for 116 hours' work, of which 30 hours were taken up in solid ground on the north side. - The master of the Bignell's No Town dredge wires baring washed up for a return of 340z lldwt as tho result of 164' hours' work, The 2ooz recorded last week was the result of 119 hours' work for tho week ended 25th ult., dredging being stopped that day owing fi the breakdown of a spargo pipe.-. Operations were resumed on Wednesday, 30th ult., and tho return of 31oz just reported was tho result of dredging from then up till Friday of last week—lll all 164 hours.

A Westport telegram states, that tho output from the Westport Coal .Company's mine last v/eekSvas 9382' tons 3cwt, aiid from the Scddonville State -mine 811 tons'Gowt.. , ; THE WEEK'S DREDGING RETURNS. During the week ended Saturday, September 9, returns wero imported from tie following dredges:— r«i i • v «• CElectric 2v.0. 1, Qromwell, 224hrs 163 4 0 Acw Alpiuo Consols, Cromwell, .. 125ht ? •• •• 143 5 0 Alexandra Eureka, Alexandra, wk 120 G 5 Masterton, Waikaia, IS-2hrs ..101 7 0 Golden Run, Jliller's Flat, _ 77 0 Q Dunstan Lead, Alexandra, wk 70 5 0 Junction Electric No. 1, Cromwell 61 9 0 Otago No. 2, Island Block, 141hrs 55 0 0 Hartley and Riley, Cromwell, 138hrs 54 q 0 bandy Point, Alexandra, 131hrs 53 5 0 Chicago, Alexandra, 126hrs .. 62 14 18 Enterprise No. 2, 'Alexandra, 137hrs .. ~ ; gQ 8 12 Golden Bed, Miller's Platj 124hrs 46 2 0 Golden Gate, Jliller's Flat, 5 days 45 0 0 Mystery Plat, Waikaia, 128hrsV. 43 14 0 Matau, Clyde, week 41 5 0 Waikaka United No. 1, Waikaka, 128hrs 41 3 0 Waikaia, Waikaia, 13Ghra .. 38 1-1 0 Punt, Clutha River, 128hrs .. 37 10 0 Lady Roxburgh, Roxburgh, wk 37 1 0 Hessey's, Waikaia, 135hrs .. .. 37 0 0 Riley's Beach, Cromwell, 5 days 33 11 0 Rise and Shine No. 2, Upper Clutha, 132hrs 33 10 0 Central Charlton, nr Gore, 139hrs 32 8 0 Upper Waipori, Wainori, 139hrs 32 3 0 New Perseverance No. 2, Alexandra, MOhrs 31 9 0 Junction Electric No. 3, Crom-

well .. ' .. .. 30 17 0 Aew Roxburgh Jubilee,, Roxburgh, BGhra 29 9 0 Royal Waimumu, near Uataura, 133hrs .. 29 0 0 Golden Treasure, Miller's Flat, 138hrs ; 09 0 0 Waikaka, AVaikaka, 129hrs .. .. ' 28 10 0 Waimumu Queen, near Mataura, 132hrs 28 0 0 Mont3*-Cliristo, Clyde, weelc .. 20 13 9 Otago No. 1, Miller's Plat, 137hrs 2G 10 0 Unity, Clyde,, week 24 0 0 Waikaka Queen, Waikaka,,l2Ghrs 20. 10 0 Muddy Creek. Waikaia, 125hrs 20' 4 0 Lady Annie, Waikaia, 136hrs .. 20 0 0 New Perseverance No. 1, Alexandra, 123hrs 20 0 0

Charlton Creek, nr Gore, wk 19 0 0 Waimumu, nr Mataura, 2201irs 18 2 0 First , Chance, below Alexandra 18 0 0 Waikaka United No. 2, Waikaka, X2shrs IT 18 0 Junction-Electric No. 2, Cromwell. broken week .. .. .. 17 18 0 Ettrick, Roxburgh, 138hre .. .. 16 0 0 Sevival, Clutha Eiver, 132lirs ..1570 Inchdale, nr Palmerston, 112hrs 13 18 0 MacCharlton, near Gore, ISlhrs 12 GO' Alpine No. 2, Cromwell, 112hrs 10 3 0 Total ..2028 19 20 The West Coast, i Pactolus No. 1, 130hrs 87 13 0 Blaekwater River, 133hrs .... 70 14 0 No Town Creek, 137hrs .. .. 52 .0 0 Jamieson's Reward, ■vvcek 50 0 0 BigEell'a No Town, IG4hrs .. 3-1 11 o Calloghan's Creek, 131krs .... 28 8 0 Mokoia, 130hrs .. 21 2 0 118hrs ! 17 0. 0 Three-mile ' (Greenstone Creek), 116hrs .. .. .. 16 3 0 Total 377 11 0 DUNEDIN, STOCK EXCHANGE. The share market ended up rather quietly on Saturday morning after a week of very fair business. A couple of transactions were put through at the sitting, and wliile iu two or three cases values .showed a noticeable hardening, in the majority. of stocks prices were the same as on the closing call-over of ,the previous day. Electrics were quoted on a firmer market, doubtless as a. result of tho splendid return from the No. :l dredge last week. There was no return from the No. 2 dredge, owing to being under repairs, but.at time of stopping the dredge was on gold giving . lOOoz returns. New Alpine Consols showed,the most, noticeable firming, and have now almost doubled" their price of three weeks ago, since when as many as. 15 sales have takea'place in them on 'Change, not'to mention those that - have ' transpired off 'Change. The return- .from the,' Consols

dredge last week ■ wag 1430z. A sale was effected in Hartley awl liiley shares on Saturday morning at "Sis/ but tho 'market at the close was dovoid : of, further buyers. or sellers;, while. '-Standard lusurasoo shales furnished another ;salb, tho'price being lGj ;4d, The : river height on. Saturday: morning was 4ft 2in above .normal, .with-the:feather mild. ■'• '■ v v '.\ ' •.'••• ;• < , - .' Inquiry for Cliicagos on Saturday morning drew a responso at 17a. Holders of,Dunstan Loads tinned from Gs M to ;-7s 3d, but the market was again devoid' of (i> buyer. The, demand for Elcoth'cs''was'stronger at 28s,' holders again quoting at.i,298.; Golden Buns (ex tliv.) were on offer at 375, hut received no attention from buyers, A single, parcel of Hartley and liiley: shares changed hands at 31s, but nt tho ploso -the .market bad no further buyers or aellerb." Island Blocks wore unaltered, nntl Mnstertons iverc inquired after in vain at 40s. Now Alpiuo Consols showed a perceptible hardening, buyers, being prepared to givo 12s 7Jd as against lis ad the previous day, and sellers holding for 13s 3d, a price 3d above that aßkod on Friday. New I'rafalgars had a seller at 23s Cd, and New Halfway.Houses one.at 2s (Id, but in neither, caso a buyer. Pactoluses received notice on a firm, though wide, market, the quotes reading—buyers 39s 3d, sellers Us; hut-Riley's Beaches showed no notice ao compared with previous day, and liiso and Shines were again sought after without,result at 22s Ctl. Rising Suns wero in request nt 23s and Sandy Points nt 24s Cd, but in neither caso did the inquiry moot with tv response, Sales made on Saturday were:—Hartley and liiley, 31s; Standard Insurance, lGs 4d. Tho following aro Saturday's quotations, subject to the usual brokerage:— , Alexandra lionnnM—Buyers 2s 3d, Alexandra Lead—Sellers 7s. .. Chicago—Buyers 14s, sellers 17s. I • Dunstan Lead—Sellers 7s 3d. • '. Eleotric—Buyers it Bs, Eellors £1 Ds, 1 . Enterprise—Buyers Os, sellers 12s. Ettrick—Sellers 4s 3d. (ioldon Kim (ex <liv)— Sellers £1 17s. ■ Island Block—Buyers 7s Cd,.se||ors 95.Junetion Electric—Buyers 3a Cd. Malau—Sellers 12s Cd. Molyneux Hydraulic—Buyers 5s Gd. . Mastcrton—Buyers £0. New Alpiuo Consols—Buyers 12s 7Jd, sellers ISs 3d. Jv'ew Trafalgar—Sellers £1 3s Cd. Now Halfway House—Sellers 2s Gd. New Roxburgh Jubilee (poid)—Buyers £1 G.i Cd.. Pactolns—Buyors £1 19s 3d, sellers £2 4s. ltiley's Beach—Buyers Gs Gd, tellers Bs. liiso and Shine—Buyers £1 2s Gd. liisiug Sun—Buyers il Bs. Sailor's Bend—Buyers 10s Gd, sellers 13s 3d. Sandy Point—Buyers £1 4s Gd. •

INVESTMENT STOCKS. ' National Insurance—Sellore £1 2s Gd. New Zealand Insurance—Sellers i 4 18s. South British Insurance— Sellers £5 7s. Standard Insurance—Buyers 16s lid. Westporfc Coal—Buyers £0 9s Cd, sellers £G lis Cd. Commercial Property—Buyers 4s. National Mortgage—Buyers £2 15s. Now. Zealand Portland Cement—Buyers £1 63, t Otago Daily Times-Buyers £18, sellers £19.

THE WEST COAST. (Faoii Our Own Correspondent.) GRBYMOUTH, September 10. The timber trade has been particularly busy for some time past, and this condition is expected to bo maintained for somo time, tho demand being better than during any part of the year. The shipment of coal has also improved, the State mine being kept wel! employed. One train on Saturday brought down 450 tons. A mistake occurred in the bore hole that, is being put down to test the celebrated Moodie Creek seam. When the rods wcie down 1250 ft the looso liug found above tho seam was tapped and closed in upon the rods. Special appliances aro being made to recover tho rods. When work will bo resumed the coal is certain to, be struck in less than 20ft. The seam is the finest one on tho Coast, and said to be equal to the best coal.

Dredging matters are quiet. -The Cornwall dredge, held privately, is' on grand ground, and is paying handsomely. I'he Pactolns No. 1 dredgo got 87oz 13divt for 130 hours. Tho No. 2 dredge was repairing. The Jamieson's Reward dredge washed up 50oz, with improving wash at the end of the week. Bignell's No * Town. dredge got 34Jes for eight days. The ground is getting a bit rough. Tho Cal'ilghan's dredge obtained 2S}oz for the week. , NOTES PROM 11EEFTON. (Faoji Our Ow;j Correspondent.) RE'EFTON, September D. The Alpine Company's mine manager reports:—During tho week I have opened out for an> intermediate level 40ft below No. 7. I have driven south Bft on sft of stone, which is payable. This appears to be tho bottom of the south block stone. The crosscut 'from the incline was driven 16ft. Tho total distance cast is 30ft. The drive is now in nioe slate country. HARTLEY AND RILBI COMPANY. TO THE EDITOE. Sir,—l received yesterday a notice to attend on extraordinary meeting of tlio nbove company, to be held on the 18th of this month at 4 p.m. I should like to ask, through you, why these meetings aro fixeS for such an unreasonable hour? There are a, number of shareholders, like myself, who would like to bo present and have the opportunity of meeting the directors and officials at least once a year, but cannot do so unless at very considerable inconvenience owing to the time fixed for the meeting, In my opinion the greatest facilities should be given to shareholders in any concern where their money is invested of meeting those who are really employed, by them (seeing they receivo fees) 111 administering the affairs of the company, and to that end the meetings should be convened for the evening, so that as many shareholders as possible could avail themselves of what cannot be regarded as a privilege, but their absolute right. I trust that the directors .of the abovo company will remember in the future that only a few favoured by fortune are able to attend r. meeting at 4 o'clock in the afternoon, and that those wlm ha-vo money invested in tho company, b? it ever so small an amount, are justly entitled to' consideration.

I regret exceedingly that, seeing the articles of association have been'amended, and the meeting on Iho 18th is to confirm the resolution carried at the last meeting 011 28th of August, the directors did not feel it incumbent on them to endeavour to secure a? large on attendance of shareholders as , possible at these two meetings! by. fixing the time at an hour calculated to obtain that'object. Trusting that this, letter may be the means of inducing officials of public Mtapauies to take a eoinowhat broader view ot?Fhe matters mentioned than they have hitherto donoVam, etc.,

•Dissatisfied Siiakholder. Dunedin, September 9.