MIMING.

Otago Daily Times, Issue 13891, 1 May 1907, Page 6

MIMING.

The return from the Paterson's Freehold 1 No. 2 dredge last week was 19oz for 129 ' hours' work. The secretary of the Pactolus Company ' reports a return of 230z lOdwt trom the Xo. 1 dredge lor 100 hours' work last week. A first and final dividend of 2s Oil per ' shore has lreen returned by the liquidators to shareholders in the Dv.nstan Lead Gold j Dredging Company. The height of the river yesterday morning was 9ft Din' above the normal mark at Alexandra. Frost was again experienced on t Monday night. 9 The return from the Callaghan's C'reek l dredge . last week was 15oz for 13(i hours' 5 work. The Waitahnna Gully correspondent of Ills • Milton Mirror writes as follows:—" The ' miners 'in their claims are prospering. " Wh.elan's .seems to he getting over the ground, and the claim is said to be paying e well. The fact, is worth recording that a when this elajm was dredged it was a com-' i ■ plete failure. Hvdraulicking suits the 1. bottom, which is hard."

Tho Tasmania mine, Beaconsfleld (Tan* mania), cleaned up for 25 days' run during March as follows:—Six thousand and one tons of quarts yielded 2208oz; 19G tonß of concentrates treated in chforination works yielded 28Soz; 2454 tons treated in cyanido works yielded 2210z; total fine cold. 27170z. The Mystery Flat dredge worked for 131 hours last week. The ground was scarcely so good as it had been, the bottom being very uneven, especially iu the centre scctiou, where the washout previously reported continued, but was showing signs of running out. The secretary of the Nokomai Hydraulio Sluicing Company reports that sluicing off top material wa3 commenced on Monday, 22nd, ni.d good progress has been made, a depth of 2Stt having been about completed, A run of 10 boxes has been erected, and all ripples and fittings are in place. The removing and erecting plant at No. 2 was completed on Friday, and sluicing was started the same evening. The Tuapeka 'limes says: "In a previous issue we mentioned the currency of a rumour that indications o( a quartz reof had been discovered in the neighbourhood o{ Gabriel's Gully. That there was some foundation for the rumour is now evident from the' fact that an application has been lodged by Mt F. \V\ Gordon for a prospecting license over 50 acres in Welsh's Gully, between BlueSpur and Wetherstones." The master of the Hessey's dredge reports having had a good run last week. The dredgs had worked her way pretty well through the tailings, and everything was running well. There will bo a wash-up this week, but tho return is not expected to bo a large one, as tho dredge will only havo put in about two days' work on solid ground, The directors of the Bendigo Dredging Company havo issued a circular catling shareholders together for the purpose of considering the question of passing a resolution -to the effect that the company bo wound up voluntarily, 'Hie circular contains the following:—"ln response to our circular of the 12th March, asking shareholders to contribute to a levy of 2s Gd per share, we received £100 in cash, and as this is not sufficient ■ to give a fair trial there is nothing for it but liquidation unless shareholders como forward at once with their contributions to save their own properly. Hose who responded will have their contributions returned to them in due course.*' The largest shareholders and those who did respond to the levy are we are assured anxious provided the river falls to about the 4ft 6in above normal mark at Alexandra, within, say, a month's time, that the directors should borrow sufficient money to enable the company to put its dredge into commission again, having sufficient money to pay wages and coal bills for a month or so after starting. As the dredge is fully equipped, about £350 would be a sufficient sura for this purpose. The Western Australian gold mining dividends in March totalled £19,4(6. The total distribntion for tho first quarter of the year was £43G;513. Dividends amounting to £272,500 were declared payable during th» month of April. Tho total sum in cash dividend.! paid to the end of March wai £16,173,078, DUNEDIN STOCK EXCHANGE. The two call-overs held yesterday were not productive of any business, and the martel was distinctly quiet in tone. No particular stock showed any material alteration, and tho list does not contain anything which calls foe comment. Tho following are yesterday's latost quota tions, subject to tho usual brokerage:—' Dredging Stocks. Alexandra Lead—Sellers 3s. Bignoll'a No Town—Buyers 2s, Charhan Creek—Buyers 3s Gd. Chicago—Sollcra 9s 3d, Electric—Sellers 19s. » Enterprise—Buyers 4s. Ktftr«i—Sellers 3s. Golden Gate—Sellers £1 &. Lady Roxburgh (paid)— Sellers 7s. Muddy Creek—Buyers £3 4s. Now Alpino Consols—Buyers Is. New Roxburgh Jubilee—Buyers 2s 6d. No Town Croek—Sellers lis. Otago—Buyers £1 12s Od. New Perseverance—Sellors 4s Gd. . Rise and Shine—Buyers 14s, sellers 15s< Sailor's Bend—Sellers 9s 3d. Sandy Point—Buyers £1 0s 6d. Royal Waimnmu—Buyers 3a 6d, Waikaka Queen—Sellors 3s Cd,- , Mixing Stock. Hercules—Buyers 16s Gd, sellers 19s fid. Mount Farra.il—Buyere 15s Gd, sailers 19» 6d. Talisman Consolidated—Sailers £1 lis. Big River—Buyers ss. Investment Stocks. ! National Insuraaco—Buyere £1 6s 9d. Standard Insurance—Buyers il2s. Westport Coal-Buyers £7 2b Gd. New Zealand Coal and Oil—Sellers 3s 34 Hilbirrn Lime (10s paid)— Buyers 13s. AUCKLAND SHARE MARKET. (From Ode Own Cobbespondent.) . . AUCKLAND, Apidl 30. The mining market still continues dull, Ktiranui Caledonian—sailers Is 3d, buyers la Id; New May Queen—sellers 2a Gd, buyera 2s sd; Victoria—sellers IOJd, buyere 8d; Waiotahi—BoUers £1 Gs Get, buyers £1 63; Taimia ■Bioken Sills—soUers 3s Gd, buyers 3s 4d; •Talisman Cansolidatcd-sollera£l 10s 6d, buyers £1 10s 3d; Waihi—sellers £9 7s, buyers £9 63 6d, Waihi Extended—sailors Gs 7d, buyers &a fid; Waihi Grand Junction—sellers £2 Is 6dt buyers £1 19s 6d. THE WEST COAST. (Fkom Ora Own Correspondent.) GREYMOUTH, April 30. The Pactolus No. 1 dredgo got 2503 lOdwfc for 100 hours', work last week, the New Foddersen's dredge obtained 28oz for 130 hours' wotk, and tho Callaghan'a Crook drodge 15oz for 130 hours' work. Operations at the briquette works wt Westport havo been delayed through the necessity of «omo alterations to the machinery. So few 6onio 35 tons of briquettes havo boon' made, and it is expected that tho manufacture mil bo in full swing nest week.