REPORTS FROM WORKING DREDGES

Otago Witness, Issue 2647, 7 December 1904, Page 27

REPORTS FROM WORKING DREDGES

The secretary of the Bignell's No Town Co. reports a> return of 360z 19dwt for 120 hours' work. The dredgemaster wired that he was .dredging away silt during a great 'part of the time. Tho dredge was safe from, floods. The secretary of the Paterson's Freehold Gold' Dredging Company reports the following returns for last week: — No. 1 dredge, 21oz 10d\vt for 330 hours' work; No. 2 dredge, 16oz lOdwt for 127 hours' work. The master of the No. 2 dredge reported that the corner where the dredge was shifted to at liie beginning of last week was not so poor as was expected, • and the mats at the end of the week were looking better. The secretary of the Unity Company reports a return of lOoz for 10 days' work. The dredgemaster wired that he was opening out. The secretary of the New "Woods-took Company reports a return of 18oz for 173 hours' work. The dredgemaster wired that the ground was improving. The secretary of the Alexandra- Lead Company reports a return of 30oz 15dwt for 100 hours' work. The dredge was working well. The secretary of the Enterprise Company reports a return of 260z 3dwt 12gr from the No. 1 dredge for 128 hours' work last week. The master of the No. 2 dredge wired that he was engaged repairing the ladder. *The secretary of the Otago Company reports aJttuin of 31oz TOdwc from the No. 2 dredge for 135 hours' work. The No. 1 dredge resumed work on Thursday. The master of the' North Beach dredge reports a return of 240z odwt of amalgam for 118 hours' work on the shingle lead. The secretary of the Charlton Creek Company reports a. return of 12oz lOclwt for last Yieek. The dredge was stopped during' the week for boiler inspection, hut got started again. The manager of the Vinegar Hill sluicing claim reports having, washed up for a return of. 720z for work carried on during the foitnight ended 25th ult. Mr S. E. Brent, secretary of the Barewood Gold Mining Company, reports a return of . 89oz 15dwt of retorted gold from 230 tons of stone for the month of November.

The Enfield dredgemaster reports that he washed up for a leturn of 16oz 6dwt 12gr for 132 hours' work. The giound treated was much hbout the same as in the previous week, and a good deal of it had been pieviously worked".

DUNEDIN STOCK EXCHANGE. Last week's call-overs on the Stock Exchange cannot be said to have been productive of anything like satisfactory business, and the sittings in the- early part of the week were almost entirely without interest of any kind. During the last few days, however, there was a noticeable improvement in the general inquiry for shares, but this did not lead to an increase of business. No stock received marked attention during the week, but New Alpine Consols and New Bendigoes were those in which values were probably best sustained. Electrics eased somewhat towards the close of the week, and on some days they received very little notice. Both Hartleys and New Four-teen-miles commanded occasional attention, but the quotes were always extremely wide. Saturday morning's call-over resulted in one sale, the stock touched on being Rise and Shine. No other stocks received improved inquiry, while the investment market was as usual. The Molyneux River showed a fall of lin^jon Saturday morning, the height above normal mark at Alexandra being Bft 3in, with the weather mild. This means a fall of 2m since Monday last.

Alexandra Leads showed no alteration on Saturday as compared with the previous day, and Bignell's No Towns were j>laced on the market at 18s 9d without drawing inquiry. Inquiry was made for Electrics at 27s and a seller responded at 295. Golden Runs were a shade easier, and a buyer of Golden Treasures was- in evidence at 48s 6d, but the market contained no sellers. Hartley and Rileys were sought after at 355, as against 40s the previous day, and a parcel of Hessey^s shares was placed on the market at 18s writhout drawing inquiry. Manuherikias were again in request at 23s without result. New Alpine Consols were firm, but New Bendigoes were a shade easier, bnyers offering 5s 3d and sellers asking 6s 3d. A buyer of New Fourteen-mile Beaches was m evidence at 10s p., but the market contained no sellers. A parcel of Rise and Shine shares changed hands at 20s 6d, with additional buyers at the same price, and sellers at 21s. Rising Suns were sought after a4-J9s and Sandy Points at 16s 3d, but there was no response from sellers in either case.

There was a certain amount of brightness of tone about the opening call-over of the share market on Monday, in that two sales were, brought off, now an unusual circumstance for Monday morning. There was only one mining stock, however, fci- which the inquiry showed anything liko an improvement, and this was Golden Treasure, but this may be accounted for fey the excellent return won by this company's diedge for last week. Manuherikias, and New Bendigoes, the 'former especially, conuapnded better inquiry, while 'for Electrics buyers were prepared to- give last week's closing price. Holders of New Roxburgh Jubilees and Otsgos both disclosed an easing tendency, in consequence, probably, of the slight falling off in the returns from that company's respective dredges. Jn the investment stock market ' New Zealand Insurance share 3 were placed on the market at a, shade easier price, while a parcel of Godward's Spiral Pins — shares which have been leceivirg j, fair amount of attention lately — changed hands at 3s, further lots being placed on the market at 3s 3d, without drawing mqaiiry. The Moiyneux showed a further fall of lin on Monday morning since Saturday, the height above normal mark at Alexandra being Bft, 2in, with the weather cold. The returns for the past week reach a total slightly gTeater than that of the previous- week. Hie Golden Treasure heads the list with 94 odd ounces, while two other dredges in the same district — tbe Golden Rtvn and the Golden Bed — obtained satisfactory yields. The Lady Annie return shows a considerable falling off as compared with the prevkms week's, but it is nevertheless very good. The returns to hand from the West Coast are again rather few.

Alexandra Lead* were, if anything, a shade firmer on Monday, buyers offering 5s 3d, and sellers asking 6*3. A parcel of Chicago shares changed hands at 6s 6d at the morning callover, with additional buyers at the close at the same price, but no further sellers. In the afternoon a buyer was in evidence at 6s, but there were again no sellers. Electrics had inquiry at 275, the same pries as was offered en Saturday, but the market was devoid of rollers, this also bring the case with regard to Golden Treasures, for which a buyer was prepared to give 50s as "against 48s 6d at the close of last week. Hartley and Rileys came under notice again, buyers' offering 38», and holders continuing firm at 50,*. Mamiherikias commanded better notice, while holders were also firmer, the quotes being — buyers 245, sellers 26s 6d. An inquiry was made for Mokoias at ss, and for New Alpine Consols at 7s 3d. but in both cases without lesult. The inquiry for New Bendigoes improved slightly, the price offered being 5s Od, with holdors firm at 6a 3d. New Fourteen-mile Beaches were in request at 10s p., without result, and moderate notice was accorded New Halfway Houses, buyers offering Is 9d,- and sellers asking ss. New Roxburgh Jubilees were a shade easier, as also wexe- Otagos. Buyers of Riley's Beaches were offering ss, and sellers were holding for 7s 6d, while Rise and Shines were sought after at 20s, and Rising Suns at ISs, but m both coses withoirt resiilt. The following are Monday's latest quotations, subject to the usual brokerage: — Alexandra Lead — Buyers 5s 3d', sellers 6s. Chicago — Buyers 6s. Electric; — Buyers £1 7s. Golden Treasure — Buyers £2 10s. ■Hartley and Riley— Buyers £1 18s, sellers £2 10s. Junction Electric — Sellers 3s. Manuhenkia — Buyers £1 4s, sellers £1 6s 6d. Mokoia. (ordinary) — Buyers ss. Npw Alpine Consols — Buyers 7s 3d. New Bendigc — Buyers 5s 6d, sellers 6s 3d. New Fourteen-mile Beach — Buyers 10s p. New Halfway House— Buyers is 9d, sellers ss. New Roxburgh Jubilee (paid)— Buyers £1 6s, sellers £1 9s. Otago— Sellers £1 11s. Riley's Beach — Buyers ss>. sellers 7s 6d. Rise and Shine — Buyers £1. Rising Sam — Buyers 18s. November 20. — Bignell's No Town, ISs 9d. December 1. — Alexandra Lead, 5s 3d. December 2. — National Mortgage, 4Ss 6d. December 3.— Rise aoid Shine, 20s <kl. December 5. — Chicago, 6s 6d, Godward's Pin, 3s.

Our , Queenslown correspondent telegraphs: — "Several burglaries have been committed here. On Wednesday afternoon the store of L. J. Lynch was -entered and the till robbed ; on Saturday afternoon Mrs Tallentire's house was broken into and £10 stolen ; aud on Sunday night the woodware premises of Mrs C. Boyne were entered. The police have not yet discovered the culprit." Wa have received from Mr R. Maris Clark, local manager, the South British Insurance Company's card calendar, also a calendar for the desk, on which naenxoDtnda and engagements esm be noted.