MOUNT LYALL MINING AND RAILWAY COMPANY. MELBOURNE, May 8.

Otago Witness, Issue 2565, 13 May 1903, Page 25

MOUNT LYALL MINING AND RAILWAY COMPANY. MELBOURNE, May 8.

The Mount Lyell Mining and Railway Company's returns from April 2 to the 29th (inclusive) are 22,021 tons of ore, together with 3,^.20 tons of metal-bearing fluxes, producing 450 tons blister copper, containing: Copper, 44i tons; silver, 46,5430z; gold, 16610z REPORTS FROM WORKING DREDGES. The secretary of the Waikaka United Company reports the following returns for last week:—No. 1 dredge, 330z 2dwt; No. 2 dredge, 21 oz 9dwt, for five days' work. The manager of the Undaunted Gold Mining Company (Matakauui) reports that the return, for April was 260z Odwt 22gr, from the top stripping. The secretary of the Alexander Lead Company reports a return of 40oz sdwt for 190 hours' work. The dredgemaster states that the drift is giving trouble. The secretary of the Point dOr Company reports a return of 290z for a week's work in opening out. The master of the Golden Gate dredge reports a return of 290s 19dwt for last week. The river was falling on Saturday. The master of the Mokoia dredge (Mr Crcokston) wired a return of 107oz 2dwt for 134 hours' work —a fresh record for the dredge. The secretary of the Otago Com.iany reports the following returns for last week:—No. 1 dredge, lOoz; No. 2 dredge, 18oz for 126 hours. Both dredges have now been shifted to their winter ground, and the above returns were obtained while opening out, being the first since work was resumed. The secretary of the Waimumu Gold Dredging Company reports a return of 2Soz lldwt for 112 hours' work. The dredge was idle for the remainder of the weak owing to the dam breaking away. The return from the Waikaka United No. 1 dredge last week wan 370z 13dwt for three days' work, but the telegram did not state whether this was amalgam or gold. The secretary of the Gabriel Company repcTts a return of 15oz 3dwt for the week. Everything is running well, and the Credgemaster expects to be clear of silt shortly. The secretary of the Three-mile (Greenstone Creek) Company reports a return of 240z sdwt for 108 hours' work. The dredgsmaater reports that the timber is bad. The secretary of the Haley's" Beach Gold Dredging Company reports a return of 6oz 9dwt for nine days' work. The dredgemaster report 3 that the ground is very rough, and the drift heavy. The master of the Unity dredge reports a return of lloz for last week. He struck old ground at the beginning of the week and is not clear of it yet. . The secretary of the Champion Gold Mining Company reports that the return from the dredge last we»k was lloz. in addition to which p. return of 16oz Bdwt was obtained from the sluicing claim. The return from the Greenstone Creek dredge last week was 14oz lGdwt for 90 hours' work. The dredgemaster Teports that work had to be stopped on Monday, 4th ins>t in order to repair the bottom tumbler, dredging being resumed on Tuesday. Tho secretary of the Cromwell Gold Dredgin* Comnany reports a return of lOoz 2dwt for 122 hours' dredging. The dredgemaster

I wires: —"Stopping to .overhaul screen anß buckets." The secretary of the- Molyneux Kohinooi Company reports a return .of 6oz for last week. The dredgemaster stated that the bottom wag composed of soft pug, but the ground was covered with boulders. The dredge has been shifted ahead. The secretary of the . Watterson's-Ahaura Company reports a return of 3oz lSdwt for 10? hours' work. The dredgo is now working in the deep ground. THE WEEK'S DREDGING RETURNS. During the week ended Monday, May 11, r» turns were reported from the following 63 diedges, the total yield being 20160z 3dwt 18gr, | or an average of 320z per dredge: —

DUNEDIN STOCK EXCHANGE. The share market has in the past invariably been quiet on Mondays, and the 11th was no •exception to the general rule. Prices have advanced as far as last week's returns -war- | ranted, and those desirous of taking up share* ! are no doubt waiting to ascertain something about the prospects for the present week bftfore they operate. The morning call was exceedingly quiet, no business being done at all, and in the afternoon only three parcels of shares changed hands. A sale of Fourteen-mile Beach! preference shares was made at 20s, one of Electrics at 42s 6d, and one of Mokoia ordinary shares at 21s 6d. The two last-named stocks wore a good deal firmer in consequence of th£ p handsome returns for last week; and Davis'a Bends, which company' 3 No. 1 dredge has now made a start, also showed a alight improvement

as far as the- paid-up shares were concerned. Hartley and Hiieya and Inchdales were very steady, while Junction Electrics and Majesties ■were inclined to harden. Rise and Shines and Sailor's Bends were also steady. The neignt of the river at Alexandra was 4ft lOin above the normal mark, and the weather was fine. DUNEDIN STOCK EXCHANGE. May s.— Bignell's No Town,9s; Davis's Bend (contributing),- Is 3d p ; Electric, 40s 9cl ; Lady Eoxburgh (contributing), 8s dis ; Riley s Beach, 203 6d ; Rise and Slune, 28s ; Waimunui Queen, 12s dis. _. „, „ May 6.— Alexandra Lead, 13s; Bignells Ivo Town, 9s; Central Charlton, 12s; Davis s Benel '(paid), lls 6d> Dunstan Lead, Us; Inchda-le, ' 5s 3d; Sailor's Bend, 30s; Wniurunm Centra!, S May 7.— Junction Electric, 14a Gd ; Lady Roxburgh (contributing). 8s dis. ; Meg and Annie, 6s 0-.-1: Prince. Arthur, lls; Sailor's Bend, 29s .•lay B.— David's Bends (contributing), 9d p; Endeavour, 8s 3d; Enterprise, 31s; Sailor's Bend, 30s; Sanely Point, 8s p; Upper Waipori, 7s Gd p. . , May 9.— Alexandra. Lead,.. 13s; DaviE s Bend (contributing), 9d p; Davis's Bend (paid), l^s 6d ■ Ettrick, 6s 6d ; Junction Electric, 14s. May 16.— Electric, 42s 6cl; Fourteen-mile Beach (preference), 20s ; Mokoia (ordinary), 21s 6d.