REPORTS FROM WORKING DREDGES.

Otago Witness, Issue 2660, 8 March 1905, Page 34

REPORTS FROM WORKING DREDGES.

The secretary of the Paterson's Freehold Gold Dredging Company reports the following returns for last week: — No. 1 dredge, 19oz for 131 hours' work; No. 2 dredge. 250z for 131 hours' work. The ground worked by the No. 1 dredge was disappointing, being nearly all drift. An improvement, however, was expected to take place this week. The No. 2 dredge was still on good wash.

A return of 18oz 13dwt is reported from the New Golden Beach dredge for 120 hours' work last week.

The secretary of the Lady Annie Company reports a return of 420z 2dwt for 125 ihours' work.

The secretary of the Waikaia Company reports a return of 17oz for 123 houis' work. The diredgemaster wired that the wash was making again.

The Hessey's dredgemaster reports having washed up for a return of 20oz 16dwt as the result of 131 hours' work.

The secretary of the Bignell's No Town Company reports a return of 620z for 181 hours' work. The dredgemaster wired that timber wa6 troublesome on the south side. The wash on the north side was tight.

A return of 48oz is reported from the Golden Run dredge for 139 hours' work last week. The pipe-line for the sluicing claim 1 has been brought acros6 the river, and is now completed.

Mr S. E. Brent, secretary of the Barewocd Gold Mining Company, repoits a return of 690z 16dwt from 250 tons of stone for the month of February.

The secretary of the Island Block Company reports a wash-up on Saturday for a return of 270z Idwt from the stripping.

The Enficld dredgemaster reports that he washed up for a return of 14oz for 131 hours' work. He also stated that the ground was much about the same as in the previous week.

Mr S. E. Brent, secretary of the Sho lover Quartz Mining Company, reports a leturn of 41oz Idwt 6gr melted bullion from 90 tons of stone for the month of February.

DUNEDIN STOCK EXCHANGE

Matters on 'Change were a good deal quieter yesterday as compared with Sutuiday. Quotes were not by any means so numerous, while in one or two stocks there was a noticeable easing tendency. A parcel of Electrics was snapped \tp at a slightly improved price as compar©4 with those at which sales were recorded last week. Rise and Shines were easier, while Manuherikiaa and Hartleys received no notice. In the investment stock department, however, the inquiry was even better than on Satuiday, and a very large number of this class of stock came under notice. The total of the returns for the past week show an improvement 1 s compared with the previous week, while the ligt sogjsJnA some q£ a very fair older, the

E'ectric No 1 being at the head with lOGoz. Yesterday's river height was 6ft sin above the normal mark at Alexandra, which indicates a fall of 3in since Saturday. Alexandra Leads showed a very slight easing tendency yesterday, but Bignell's No Towns showed decided firming. A parcel of Electric shares placed on ths market at 38s v»-as snapped up. but althovigh additional 1013 were procurable at a similar price there was no evidence of further buyers. An inquiry was made for- Golden Treasures at 793, and a holder responded at 81s. Junction Electrics were a shade firmer, buyers offering 3s 6d and holders asking 4s 6d. Very good inqtiiry was made for New Perseverance shares at 19s 6d, but there was no seller on the market at a price lower than 21s. Rise and Shines were a. deal easier, buyers offering 26s as against 27s 3d on Spturday last, and holders asking 28s 6d, a price 6d lower than that asked at the close of last week.

The following are yesterday's latest quotations, subject to the usual brokerage : — Alexandra Load — Buyers 4s 9d. sellers 5s 6d. Bignell's No Town — Buyers 17s, sellers ISs. Electric— Sellers £1 18s." Golden Run — -Buyers 193. Golden Treasure — Buyers £3 19s. sellers £i

Junction Electric — Buyers 3s 6d, sellers *3

Ne->v Hplfway House — Sellers 5<3. New Roxburgh Jubilee (contrib ) — Buyers 73 6d. sellers 10s 9d p. New Perseverance— Buyers 19s 6d, sellers £1 Is Reeves's Proprietary — Buyers Is 6d, sellers 4s. Riley's Beach — Sellers ss. Rise and Shine — Buyers £1 6d, sellers £1 8a Rising Sun — Buyers £1 Is. Sailor's Bend — Buyers 12s. Unity — Buyers 2s. March 1. — Junction Electric, 4s 3d; Majesties, 3s.

March 2. — -Alexandra Lead, ss; Nelson Creek, 23s 6d; Westport Coal, £6. March 3. — Alexandra Lead, ss ; Electric, 37s 6d.

A sale was made yesterday of Electrics at 38<=.

ZUINIXG. Vinegar Hill.— Sellers £1 17s 6d,

THE WEEK'S DREDGING RETURNS. During the week ended Monday. March 6, returns were reported from the following 47 diedgss, the total yield being 12390z Sdwt, or an average of 260z psr dredge: — O?.. dwt. gr. " Electric Ko. 1, Cromwell, s|dys 106 0 0 Golden Treasure, Miller's Flat, 138hrs 72 10 0 Mystery Flat, Waikaia, 138hr8.. 61 17 0 New, Perseverance No. l, Alexandra, week 57 4 0 Golden Run, Miller's Flat, 139hrs 48 0 0 Lady Annie, Waikaia. 125hrs . . 42 2 0 Rising Sun, Upper Clutha. 129hrs 41 0 0 Waikaka United No. 1, Waikaka, 133hrs 38 9 0 Rise and Shine No. 2, v pper Clutha, 123hrs 35 11 0 Rise and Shine No. 1, Upper Clutha, week 35 12 0 Masterton, Waikaia, 135 his . 30 11 I) Otago No. 2, Island Block, 198hrs 30 0 0 Royal Wairnumu, near Mataufa, 134hrs 27 4 0 Clyde, Alexandra, week 26 0 0 Garden Gully, Waikaka, 124hrs.. 25 16 0 | Muddy Creek; Waikaia, 130hrs . . 25 12 0 Central Charlton, nr Gore, loohrs 24 , 6 0 Waikaka United No. 2, Waikaka, 112hrs 23 IS 0 Waikaka Syndicate, Waikaka, wk 21 10 0 Golden ±sed, .vuder's Flat, 4J days ~ 21 8 0 Waikaka Queen, Waikaka, 119hrs 21 0 0 Hossey's, Waikaia, 131hrs .. 20 16 0 Waimumu Queen, near Mataura, 125hrs 20 14 0 Upper Waipori, Waipori, 139hrs 20 0 0 Waimumu. near Mataura, GOhrs 20 0 0 I/ady Roxburgh, Roxburgh, wk 20 0 0 Alexandra Lead, Alexandia, lOOhrs 20 0 0 Enterprise No. 2, Alexandra, wk 19 12 12 Nugent Wood, Waikaia. w?ek . . 17 18 O New Perseverance No. 2, Alexandra, 3 days 17 1 0 Waikaia, Waikaia, 129hrs . . 17 0 0 MacCharlton, near Gore, 125hrs 16 11 0 Ngapara No. 3, Nevis ' River, 125hrs 16 10 O s Waikaka,, Waikaka, 115hrs . . . . 16 0 0 Enterprise No. 1, Alexandra, wk 15 17 12 Punt. Upt>er Clutha, 102hrs . 15 13 0 Taniwha, Tuapeka River, week.? 15 12 0 Matau, Clyde, 9 days 15 3 0 M'aiestic, Miller's Flat, 121hrs . . > 14 0 O Enfield, Waipori, 131hrs .... 14 0 0 Charlton Creek, nr Gore, week 13 15 0 Junction Wakaka, Waikaka, 118hrs 13 11 0 Dunstan Lead, Alexandia 13 5 O 'Golden Gate. Miller's Flat, wk 13 1 0 Otafco No. 1, Miller's Flat. 60hrs 12 10 0 Sheddon's Freehold, Waikaka, week . 12 0 0 Molyneux Koliincor, Roxburgh, •week 10 5 0 Total 1239 8 0 The West Coast Jamieson's Reward, week .... 74 0 0 Blackwater River, 130hrs .... 64 15 0 Bignell's No Town. 180hrs .. 62 0 0 New Feddersen, 120hrs .... 54 0 0 No Town Creek, 130hrs .. .. 42 0 O Nelson Creek. 104hrs 36 0 O Reeves's Pioprietaiy Xo. 1, 115hs 30 5 O Callaghan's Creek, 12Dhrs .... 30 0 0 Mokoia, 135hrs 27 10 0 Pactolus No. 1, 132 his .. .. 27 5 O Three-mile (Gieenstone CieeL). lQOhrs .. • • „ • - 20 13 0 "Rceves's Propnet^ij' JN'o. 1, 127 his .. ~ 20 0 0 Al, 120hrs .. „ 14 0 0 Moonlight, 90hr3 5 7 0 Total „■ .. 507 15 0