LATE MINING.

Otago Witness, Issue 2368, 20 July 1899, Page 30

LATE MINING.

(Continued f rim pvgt 22.1

The Empire Gold Dredging Company (Limited) obtained 270z 17dwt 6gr for last week. - »

The Champion Gold Mining Company (Limited) were unable to elevate last week owing to the severe frost. The manager, previous to this, washed down the top boxes for 4oz lldwt 6gr.

In response to inquiries made we learn from tho secretary of the Flat Dredging Company that boring operations on the ground are being proceeded with, but will not be completed for 10 days or a fortnight. Mr Roberts reports that three bores have so far been bottomed, and that the ground is quite satisfactory for dredging purposes.

The first statutory meeting of shareholders of the Vincent Extended Gold Dredging Company (Limited) was held on Tuesday night, when the following were elected directors: — Messrs Geo. Knox, Chas. O. M'Kellar, Thos. Rodger, Hugh Adam, Ceo. Spencer (Alexandra South), and Dr T. G. M'Kellar. Mr Jas. Brown was appointed auditor, and Mr C. j3. Reeves secretary. Mr Ha-rnian Reeves reports the, flotation of the Last Chance -Gold , Dredging Company (Limited), with a nominal capital of £4500. A considerable number of applications from Alexandra had to be struck out. The companj is formed to purchase the Island Basin dredge, and Ranfurly claim. The claim consists of one mile of the river some distance below where the Manuherikia current wheeler has been getting her ISOoz weekly. It is expected the Last Chance will get to work about Monday, next, and as the river is low she- should do well.

The directors of'the Golden Beach Hydraulio Elevating nnd Dredging Company have . declared a dividend (the 7th) 'of one shilling per share, payable on the Ist August.

STOCK EXCHANGE REPORT.

The following are Tuesday's latest "quotations: —

DREDGING.

Adam's Flat — Buyers Is 9d, sellers 2s premium.

Alpine Consols — Buyers lid', sellers Is Id premium.

Alpine No. 2 — Buyers 9d, sellers Is premium. Cardrona No. I—Sellers1 — Sellers 3d premium. Central Electric — Buyers 53, sellers 6s premium. • Charlton Creek — Buyers 5s Gd, sellers 7s 6d premium.

Chatto Creek— Buyers £1 15s 9d, sellers £1 169 Cd. Clyde— Sellers £3 '2s. Cromwell — Sellers 10s 9d premium. Dunediu — Sellers 15s 6d. Dunstan Lead — Seller 3 6s ljd premium. Electric Extended — Buyers 3d, sellers 4Jd premium. * Enterprise — Sellers £3 10s. Galvanic — Buyers 9d premium. Gold Queen ' (vendors)— Buyers 15s 9d, sellers 17s 6d. ' • Golden Beach (contributing) — Buyers 18s 6d, sellers 19a 6d premium. * Golden Gate — Buyers £3 12s. Golden Link — Sellers Is 4£d premium. Golden Pomt — Buyers £1 153 6d, sellers £1 Golden Bun — Buyers £l_J2s 6d, sellers JEI 15s. Halfway House — Buyers Is, sellers Is 3d premium. Hartley and Biley — Buyers £3 14s, sellers £3 15s. Inch Valley— Sellers £1 18s. Klondyke — Buyers 2s 2d, sellers 3s premium. Mncraes Flat— Buyers £1, sellers £1 Is. Magnetic — Buyers £3 2s 6d, sellers £3 sa. Molyneux Hydraulic Company (B issue)— Sellers £1 11s. Mokoia — Buyers 2s 4|d, sellers -2s 6d premium. Nauinai — Buyers 2s 6d, sellers 3s Gd premium. Nelson Creek — Buyers 4s premium. " Nevis (contributing) — Buyers £1 10s, sellers £1 14s. New Alexandra — Sellers 15s 9d premium. Second Magnetic — Sellers 4s 6d premium. Sunlight— Sellers £1 14s. The above prices are subject to usual brokerage.

THE HARTLEY AND RILEY DREDGE,

The Hartley and Riley Beach Dredging Company (Limited) washed up on Tuesday for a return of lOjoz of gold for two days' dredging.