REPORTS FROM WORKING DREDGES.

Otago Witness, Issue 2497, 22 January 1902, Page 33

REPORTS FROM WORKING DREDGES.

Alexandra Leads have been very stead} 1 during the past week. Buyers have offered fiorn, 5s 9d to 6s 6d, while sellers have varied from os 6d to 7s. On Monday buyers offered 6s, and sellers wanted 6s 6d at both calls. A comparison shows that Alpine No. 2 shares have improved their position since the beginning oi last week, when buyers offered 23s 6d, and sekers wanted 255. The quotations yesterday . were 25s lor buyers and 26s 6d for sellers. Bendigos have declined steadily since a week ago, when buyers' best was 163 3*l and sellers' I best 17s Gd. A sale was effected at 14s on Monday, and further buyers were in the market at 13s 6d, sellers holding for Is more. Boundary Creeks have shown a slight impiovernent. Buyers offered 53, with sellers at 6s at the beginning of last week, while on Monday sellers asked 6s 9d, without any buyers. Central Electrics had buyers at 4s £d on Monday week, aud sellers at 10s, while during the week the former advanced to 6s, sellers remaining steady at the above-mentioned price. Buyers offered 4s on Monday, but theie were no sellers. Charlton Creeks were firm on Monday. Buyers inquired for shaies at 17s Cd in the morning, when sellers wantid 23s 6d, and at 19s 6d in the afternoon, with sellers at 245. Buyers offered 52s for Clydes throughout last week, \\ ith sellers at 625, while oii"Monday buyers were in the market at 555, without any sellers. Buyers of Dur.stan Leads have advanced a little since last week, when their best was 6s 3d, while sellers have come down from 8s to j 7s 3d. The price offered by buyers on Monday was 6s 9el, and two sa'es were made at 7s. Electric Extendeds have dropped considerably from their position a week ago. At the beginning of last week buyers offered 10s, and sellers wanted 11s, while on Monday the quotations were 6s and 9s 6d. Endeavours show an improvement. On Monday week buyers offered 14s 6d, and sellers held for 18s, while on Monday a sale was effected at 16s 6d, after which buyers closed at 16s 3d, sellers asking 17. Enterprises have remained steady during the week, while Ettricks have steadily improved. Buyers offered 12s on Monday, with sellers at 12s 3d, while last Tuesday the best offer from buyers was 9s 6d, sellers wanting 11s 9d Extended Foiirtcen-niile Beaches were stationary, while P'lrst Chances have receded. A week ago they were offering at 12s. with buyers at 11s 9d, while on Monday buyers closed at Bs, sellers asking 12s 6d. Buyers of Fourteen-mile Beaches have remained steady at 16s, but sellers hava come down from 21s to 16s. Gentle Annies have been practically unchanged during the week, and Gold Kings are also nt about the same price as they were on Monday week, though on Wednesday they rose to 4s 3d for buyers and 6s 9d for sellers, but after that dale they receded again. Golel Queens show an improvement on the week. At the beginning or last week buyers offered Is 6d, and selleis asked 3s 6d, and yesterday a parcel changed hands at 3s 3d, and further sellers were in the mai-Kei. at 3s 9d, buyers closing at 3s 3d. Golden Hilea were sold at 2s 6d a week ago while on Monday sellers asked 5s in the morning and 3s 6d in the afternoon, buyers offering 2s 6d. Golden Rivers have been stationary all the week, and! Great Centrals show a slisht decline. A week a§o the best offer from seiics was 9s, whil's on Monday they were :n the market at 7s 9ct, ' without buyers. Great Woe J stock 1 ? have improved a little. A sa'e was effected yesterday at os 6d, and there were more inquiries foshares at 4s, without any lesnonbe. Greenstone) Junctions have been firm, without any appreciable alterat'on, m>d so also have Halfway, Houses. Hokitika Rivers were sought at 164 9d a week ago, when sellers wanted 17.5 30, but they have steadily receded till they vere on offer on Monday at 16", buyers offerino; \Z*. lnchdales have improved. A week ago the best buyer was 10s 9d, and the best seller wan 11", while on Mondny buyers offered 12s tid. sellcis holding for 17s 6d. Kelly »nd Caseys have been firm. At the beginning of last week they wfre =old at lO.s, with further buyers at 9s .)d, ar.J seller- at 103 6d. On Monday they were in tiip market at 11s, with buyers at 10s 3d. Leaning Rocks have nlso maintained a steadiness^ Buyois have var-ed from I'is fid to 15s l r i~'. and sellers, w'.o wai.ted lot dl a werk .1 1 have gone un to ]>i-* Cd. Mau e'.icß hasc ..; - pioved slight!?. At the be^in.i i-g of last tic- - buyers offered 8s 6'l, the best response frrr-i se''frs bi Ilg 9s 3d. On tha strength of cii° goo.] ]* f 'iiii for la-t week buveis offned lls f/l. on Moii 1 iy inor: nig, ami selleis he'd foi 15 , but m the iif'erroon, w ipu it was known t!i it a mistake had been mad', l nve:'i ofteisd o y 9s 3d, with splWs at 10s Cd. \ coi.jp.>' ■ >.i shows that selleis of Mi'.>ni!i"r:k.us ) i.c iplnained firm, but buveis, who offeiecl 3i)s a week. tjo, have gone; back to 355. Meg and Annies Jiave lrnpiovcd during the wpclt, from 22s 3d to 24s 9d for buyers, while selleis. who oCered at 23s 6d a wec-k :igo, wanted 2js 3d on Monday. A sale was made on Morday'aflfrnooii at 24s 9c'. Monte Christoes are a b.o weaker row than a vfck ago, buyers having d.oppeel from 3!s to 31 a, and selfers from 3,' is to 325. A parcel chnrip;<'l hands on MOl day afternoon at 31s. NeNo 1 Creeks '.aye. steadily mipir.ved sine a Otf bfniiin.u'4 of l?st «i"k, when buyers offered 47-5, a- 1 =el'ers r u !<ed 51s. On Monday mqiniies ••. ' c- ipa'le al h'-is. w'h seller^ ?t 55s lii the ninrniPf.'. ai d it' tiie afternoon sellers a'ked nss (i<l, i.itiiout .-ny buyers. Xo Town Creeks have 1 eon steady, while Olr.gs have imrjroved Four p.\lc= were mads on Monday at 12s and lnoic were in the market at that price, buyer, closing at lls 6d. A week p?c buyers offered 9s, with sellers at 12s. Pactolus shares •1 so show an lmpio- erne.it. A week ago buyeia offered 34s Od p. the best being 35s 6d p, \shile vesteiday the quotr.'ioii= were 35s p and ","s Cd p. Point dOrs commanded a much b'tUi pr.ee 011 Moudav than they did a week ijrovinu». Two lots tlnnsed hands on Monday it 9d dis. and two at 6d dis, further buycis offer'ng at the latter price, sc-llers asking 3d dis. A wee!: ngo iel'nxs weie :n the market at Is 9d dis, ai>c' buyers at 2s di?. Prince Alberts have i:ot shown nnuli change, nor have Reeves's Piopnetanps. though buyers if the latter closed at 15s on Monday as compared with 16=. 3d on the previous Monday. Rise and Shnes vere a little waller. Buyers offered lbs 6d on Monday, with =e!!ers at 16s 4Jd, as compared with 17s 6d and 18s €d, which wera the be°t quotations a week ago. R.ver Molyiipux* have also steadily declined, buyers from If? to 7s, and sellers from lls to 9s. Buyers of Roxburgh Jubilees ha\e gone up from 3s to («, while selleis hove varied from 4s 6d to 6s, 5s being the price askpd on Monday. Royal Maoris also declined slightly during the week. A sale took place at 24s 6d on Monday week, and further sellers asked the same price, witb buyers at 245. Two sales took place on Monday oa, 255, and additioual seller 1 ) waited 235, buyers closing at 22s 6d. Tiafalyar? wcra higher on Monday thaa on ihf p:eviou3 Monday, when buyers offered 225, sellers a«king 23s 6c!. Stllers wanted 26s on Monday, and buyers closed; at 24«. Upper Magnetics rose from 2s 3d to 2s 6d during the week, and sellers from 2s 9cl tc 4s 6'l. A. wec-k ago Victorys were 111 the market at 19s, buyerfe closing at 16s 6d, and on Monday buyers offered 18s 6d, with sellers at 21« Vincent Extendpds and Waimumu Cen-i trals were about the .same as a week ago.

TliP W.miiumn Gold Dredging Company leport a return of 260z 7dwt for oy hours. The sccietary of the Golden Link Dredg'ng Company iepoit3 a return of Boz gold. The secretary of the Chailton Creek Company repoits a return of 220z for IIS hours j The seiutaiy lenoits a return frrm the WaiI 1111111111 Central diedge of 20oz lldwt for 131 ' honr= ; The =ecrel?ry reports that the E<trxk diedge c'jtaiin.d 17oz 12dwt for IJ2 kour=. i The of the Royal Maori Company it p irt-5 a return of i\2\oy. for a week* dieric; pg. Tee ■-f'c'jp' of the Centra! Char'ton Ccmyiany re i ort-> a leturn of 220z l'hvt for 1A hours' work. The dredgemaster of the Inchdale dredge re- ' £Pi.Vfi a return oi 38oz ll^wt ipi 162 liouio' work.

The secretary of the Waimumu Extruded . Dredging Company reports a return of 18oz for 123 hours' dredging. The secretary reports that the Central Mataura No. 2 dredge obtained 17oz Odwt Ggr foi 131 hours' dredging. | The secretary of the Globe Gold Dredging Company (Limited) reports a return of 250z 2dwt foi 180 hours. The secretary of the Lady Charlton Company reports a return of lOoz 7dwt for 120 hours' work. The dredgemaster i 3 opening out a wider fa«-e. The secretary of the Charlton Creek Dredging Company leports a return of 220z for 118 hours' dreaging ' The secielary oi the Spec Gully Company leports a return of 22cz lOdwt for 132 hours' dredging. . Me-srs Reeves and Co. report the following returns — i Enterprise No. 1 290z 13dwt 13gr for a week's dredging. I Enterprise No. 2: 230z 2clwt 15gr for 131 hours' dredging, j Upper Clutha : 6oz 13dwt for 112 hours' dredging, t The secretary reports a return from the Rcc-ves's Proprietary dredge of 17oz for 98 hours. The dredgemaster reports that he has i been dredging corners and raising the water iv . the dam. I The dredgemaster of the Central Electric diedge Teports as follows — " Bottomed at 3311; on little gold, river falling." , The secretary reports a return of 690z sdwt .' from the Meg and Annie dredge. The return from the Empire dredges last week was 68oz 19dwt. The secretary reports that the return from the Majestic dredge is 15oz 2dw*. The secretary of the Matau Dredging Company reports a return of 230z. The Shepherd's Cieck Company repoits a return of 19oz for eight days' work. j The Dunedin Stock Exchange report the folI lowing returns — Golden Treasure, 16oz 2dwt; Otago, 12oz lOdwt. | The secretary oi the Olrig Company reports a return of 430z 17dwt for 123 hours. ' The Dunstan Lead return is 290z lOdwt for I eight days' dredging. ] Mr Gibson, Lawrence, reports — Success, , Csoz 2d\vt 17gr foi 133 hours, Lawrence, 12oz ; loowt. | Mr L. Ryin, Alexandra, repoits- — Perseverj ance No. 1 dredge, 730z 6dwt ; Perseverance No. 2 dredge, 550z. This dredge lost two shifts on Wednesday owing to the string of buckets parting. Molyneux Hydraulic dredge, 18oz for 122 hours. The secretary leports that the Celtic dredge washed up 78oz amalgam, equal to 250z gold, for 10 days' dredging. The prospects are improving. The dredge is now working well. Mr Richards, Alexandra, reports. — Chicago, 330z 14dwt 15gr for five and a-half days ; Earnscleugh No. 2 overhauling; Ea.rnscle\igh No. 1, 360z for 129 hours , Ngapara No. 3, 28oz Bdwt for 134 hours. The secretaiy of the Gabriel Gold Dredging Company repoits a leturn of 31oz sdwt 22gr for 115 hours' woik. The dredgemaster reports that he is opening out to the creek. The secretary of the Cromwell Gold Dredging Company reports a return of 650z 2dwt for 'J3 hours' dredging in opening out. The dredgemaster reports . " Prospects good." The dredgemaster of the Golden Gate dredge reports a letiun of 18oz 12dwt for sxx days, n\ er falling. Mr W. E. C. Re;d, secretary of the Mystery Flat, Gold Dredging Company, Waikaia, reports having received the following telegram from the diedgemast°r — " Eighty-five hours' dredging; very little bottom, lOoz sdwt." The secretary of tho North Beach Dredging Company reports a return of 360z lOdwt for 187 hours' dredging. The secretary of the Plince Albeit Dredging Company reports a return of lloz lOdwt for 58 hours' work. The dredgemaster leports that he has stopped owing to want of coal, and also that the prospects are good. The secretary of the Leviathan Company repoits a return of 290z 7rlwt for 118 hours' woik. The drodgemaster leports that eveiytlinig is Roni!? wc-1), and that he has plenty of v ater again. The lcfurn from Eiklc-ou's R \\..:d Company is 270 v. 3dwt for 128 hours. j The dredsj^niaster of the Ahaura River (Mr JToiman SliyS) wires — "Return of 2 ioz 13dwt 12gr for IS3 houis' dredging, of wh.ch i) 0 hours on bottom." The drcdf-oma=tor of the Stafford Waniiea dredge wires a leturn of lloz foi }j<> hours'. He has abandoned the 20ft paddock on ac count of the timber. He struck an old tail racp and woiked ground. I The diedgemaster of the Central Charlton ! (Mr J. M'Corkinda'e) reports 17th January — " This week's return (290Z ldwt for 134 hours' dredging) is fairly good considering; we have worked four days in Gray's ground, which has not impro\ed as yet. We are within 40yds of the "haft put down on tin-, giound, from which the best results were obtained, and in the cour«o of a foitmgliT o. so I will be looking for bigger retmns. The dir-dge is poiiig like a cloik, a'ul is in first-class order. Axerape depth of v a°h 9ft, with averag" depth of stripping sit. ' DUNEDIN STOCK EXCHANGE. Tbe following =a'ps veie nude diuiug the \\ ?ek — January ] I -Mo>ite Chnsto. 7 J ,s Cd Oluc;, 9a 3d, Ko\hurgh Jubilee, Is 6d, 4s 9>' , Hoyal Maori, 225. January 15.— Endea\our. 15s, Great Cential, 7s 3d, 8s", Kelly ami Cj^ Vi ins, Olng. 10s. Jinuan- 16-Aldmga, 16s; Ke'lv and Cas,-y, li'o, Lra.unc; Rock, IPs, Meg and Annie, 21s (id ,ui'l 21- ""od, Molvneux Kohinoor. 2s !)d dis, Mont" Chr'sto, 33s 3d; Rise and Shine, 15s Tiafalfjin. 23s Jaunnrv 17— Uunatan Lead, 7s; Ettrick, 12s, Gold King. 3s 9d , Great Woodstock, 4s Od. ss; Leaning Rock, 15s 9d ; Point dOr, 2s, Rise and Shine^ 16s; Royal Maori, 22s 6d. J..nua'v 1? — Aldinga, 16s 6-1, Gold Queen, 3^ 3d, Magnetic, 9s 3d. Monte Chnsto, 335 , Pr.no> Aleit, 6s. Trafa'gar, 24= 24- 6d. J.i n 20.— A!>v;e Consols, l'»« , Endeavour, 16- Cd . Gie.it WrncMork 5s Cd , Monte Chri^to, 31-, din*- 12s Point rl'Or, Od di« and 6d dis; Row! Maori. 23 = n n . M ip,s wits a htt'e ea = >er on the D.medm Stock Exchange on Monday morning, but improved at the afternoon call, when a fair number of sales were recorded There was no appreciable change Hi the market, which, however, showed a slight tendency to harden. The fickleness of the Molyneux River has been amply d"mon=traterl since the New Year by gradually falhrg for a !■ w days, and then, when iT-cstors are looking hopefully forward to its going down <-uffK lently to give the dredpes a fair ch^i.ce to nap a £"-'^ cn harvest, it suddenly rises a fp\v inches a?ain. Tlie height at Alexandra on Monday was 6ft sip above normal, and th° weather was fine. At the commencement of the morning call the Chairman announced that the retuni fiom the Nelson Creek dredge was 730z for 130 hoin-j' dredging. At the same call a note vas received from Mr T. X H.ntv, one of t'>n dn<vto<-= of the Magnetic Company, '•{atinij that he thought a mistake had been made v. >*h repaid to the Magnetic nturn, arcl that he h"hr.'e(\ it v-ould prove t" be much less than 8907 In the afternoon informaf'on wis ie^.*ivi»d from the secretary of the company °tatni<.' that a mistake had been made in th? code, ai.d that the return v\as only lOo?. Mr Callerdr-r evnrer-sed his extreme regert that the mistake had occurred, and stated

that in 'ature he would see that no such errot was made. At least one n.ember of the Exchange was very much dissatisfied with th* position, a similar mistake having, he said| been made before by the same company, and ha hoped the Exchange would inquire into the matter thoroughly.