REPORTS FROM WORKING DREDGES.

Otago Witness, Issue 2661, 15 March 1905, Page 27

REPORTS FROM WORKING DREDGES.

TEhe secretary of the Paterson's Freehold Gold Dredging Company reports a return of 230z lOdwt from the No. 2 dredge for 128 hours' ■Work last week. The secretary of the Paterson's Freehold Cl-old Dredging Company reports a return of 16oz from the No. 1 dredge for last week. The secretary of the Lady Annie Company reports a return of 50oz for 133 hours' work. The Matau dredgemaster reports washing •np for a return of 7oz 13dwt. The ground is getting too shallow, and he has therefore started dredging cut into the river. The master of the Nugent Wood dredge .reports that he obtained 220z 6dwt of go-d for the week's work. The clay was still very troublesome in the face. A return of 40bz is reported from the G-olden, Hun dredge for 105 hours' work last tveek. Four shifts were lost during the Sveek through having to stop for boiler inspection. The return from the Golden Gate dredge •was lOoz Sdwt for foiir day's dredging last •week The dredge was stopped for some time .effecting necessary repairs.

The secretary of the Three-mile (Greenstone Cfreek) Company reports a return of 16oz for 110 hours' work. Parts of the face could not l>e cleaned up on account x>f boulderSg

THE WEEK'S DREDGING RETURNS. During the week ended Monday, March 13, returns were report-eel from the following 51 dredges, tlie tola] yield being 13230z Sdwt 7gr, or an average of 260z per dredge : — •

The West Coast.

DUNEDIN STOCK EXCHANGE. Matters on 'Change were a good deal quieter on Saturday morning, and the " call-over was not productive of any business. Quotations, both in mining and investment stocks, were somewhat few, and the only stocks which displayed a firming tendency were Electrics and Junction Electrics, both of which companies are expected to shortly get on to good gold. The river showed no alteration on Saturday morning, being again 6ft Gin above the normal mark at Alexandra.

Alexandra Leads were again in request at j 4s 6d, and a holder disclosed himself at 5s 3d. • Bignell's No Towns were placed on offer at j 17s, but drew no inquiry. Electrics were a shade firmer, buyers offering 33s and holders asking for 355. A request was again made \ for Golden Runs at 20s, and a seller responded at 225, as against 24s the previous day ; while a parcel of Golden Treasures, placed on offer at 795, drew no buying in- ' quiry. Junction Electrics underwent another j finning, buyers' and sellers' prices both show- i ing a rise of 3d as compared with Friday's, ' the quotes being — Buyers ss, sellers 5s 9d. '• A request for Masterton shares at 32s was ! responded to at 40s. Mystery Flats were quoted at recent rates; while Nelson Creeks were placed on offer at 24s Gd, New Bendigoes at Bs, New Halfway Houses at ss, anS, Rise and Shines at 275, but none of thenA drew inquiry. j

The largest turn-over on the Stock Exchange this year was effected on Monday, the total of toe day's business amounting to nine sales. The bulk of the dealing was done in cne stock, Sandy Pomt — the market for which appeared to be somewhat easier as compared with recent rartes. The only stock in which values showed anything like a pronounced tendency to harden was Junction Electric, and from the way values have been finning of late it would appear that investors are expecting one of the company's dredges will strike something rich, ■Winch is not unlikely. Holders of Rise and Shines underwent a further easing- yesterday, but there was still no demand for these shares. The river height on Monday morning was Cft above the normal mark at Alexandra, which indicates a fall of 6m since Saturday. During the pa&t week the river has, with Che exception of a rise of lin on Friday, remained abo\it stationary. There are a few more dredges contributiug to last week's yield than was the case during the previous one, wbi'e the total also shows an improvement. Tho Mastevton heads thf> list with 104cz, while the Golden Treastire is next with 62Joz, the New Perseverance No. 1 and Lady Annie following in that oider.

Alexandra Leads again commanded inquiry yesterday at 4s Gd. and ho-ldeis finned to the extent of 3d, asking 5s Cd. D'un<=tan Le-ads drew a shade better inquiry at 6s, whi'e ho^levs rom.aiu.td steady at 6s 9d. Buyers of Electiics were -Just a shade easier, but holders weie slightly fiutiOr, the quotes bring — buyers 32s 6d, sel'eis 35s 9d Junction Electrics continue to harden, and values yesterday underwent another fhmmsf. Good inquiry resulted in the effecting of a transaction at 6s, additional buyers being in evidence at 5s £d. and sellers at 6s 3d. An inquiry for Mystery Flats at 2-ls was not responded to, -while for Nelsrvn. Cieeks buyers weie offerng 20s a with holders askirta

23s 6d. Mnstertons commanded much better notice at 36s 6d, but holders were steady at iOs. New Alpine Consols were a good deal firmer as compared with recent rates, and a sale was brought off m them at 9s 3d, there being further buyers at the close at 9s, and sellers at 10s. Pactolus and New Perseverance shares were both placed on offer, but neither diew inquiry. Two sales were brought off in Fuley's Beach shares at 4s 3d, while at the close further lots \^ere sought after at the- same 2>rice, but holders w ere asking 4s 9d. Rise and Shines were procurable at 265, as against 27s on Saturday, b\it Ihere was still no demand for them. The stock to command the widest notice yesterday was Sandy Point., m which no less than five sales were brought off at 20s. There were still further buyers at the close at the same price, but no more parcels were procurable. March 8. — Junction Electric, ss. March 9. — Manuherikias, 30s. March 10. — Electric, 33s and 32s 9d ; Junction Electric, ss; Reeves's Proprietary, 2s. March 13. — /unction Electric, 6s; New Alpine Consols, 9s 3d; Riley's Beach, Js 3d; Sandy Point, 20s.

lanuesoii s Reward, -week Blaclrwatcr Eiver, 1231irs S[o Town Creek, 130lirs . . . . K'«w Peddersen, 85-hr s .. .. kCokoia, 136hrs Paotolus No. 1, 130hrs .. .. 2allag<han's Creek, 130hrs Reews's Propiiet-ary Ko. 1, lOOkra Chree-mile (Greenstone Creek), llOhrs i.l, 122hrs STelson Creek, 117hrs iloonlight, 90]irs 78 0 0 G3 10 0 41 0 0 37 0 0 30 7 0 24 0 0 20 5 0 19 0 0 16 0 0 11 9 0 11 0 0 6 11 0 Total 34S 2 0

Oz. ciwt gr, Masterton, Waikaia. 135hrs . . 104 15 0 Golden Treasure, Millerv.? Flat, 136hrs 62 10 0 New Perseverance No. 1, Alexandra, 5 days SJ. 10 0 Lady Annie, Waikaia, 133hrs .. 50 0 0 Mystery Flat, Waikaia, 133hrs . . 12 11 0 Rising Sun, Up. Clutha, 125hrs 41 6 0 Rise and Shine No. 2, Upper Clutha, 130hrs 40 11 0 Golden Run, Miller's Flat. 105hrs 40 0 0 Waikaka United No. 1, Waikaka, 130hrs 36 7 0 Electric No. 1, Cromwell, 5g days 36 0 0 Rise and Shine No. 1, Upper Clutha, week 34 0 0 Waikaia, Waikaia, 136hrs .... 31 0 0 Muddy Creek, Waikaia, 130Ahrs 30 14 0 Golden Bed, Miller's Plat, 13Ohrs 30 12 0 Clyde, Alexandra, week .... 2S) 0 0 Clnitha River, Clutha River, 180hrs 28 12 0 Itoval Waimumu, nr Mataura, 133hrs 27 12 0 Waimumu, near Mataura, lOShrs 25 14 0 Dunstan Lead. Alexandra, week 25 10 0 Otago No. 2, Island Block, llOhrs 24 10 0 Ettrick, Roxburgh, 9 days . . . . 23 10 0 Waikaka United No. 2, Waikaka, 124hrs * 23 8 0 Nugent Wood, Waikaia, week .. 22 6 0 Loch Lomond, Fraser River, wk 21 15 0 Sheddon's Freehold, Waikaka, week 21 12 0 Waimtiniu Queen, near Mataiira, 124krs 21 11 0 Waikoka Queen, Waikaka, 122hrs 21 10 0 Upper Waipori, Waipori, 140hrs 21 6 0 Waikaka Syndicate, Waikaka, wk 21 1 0 Enterprise No. 1, Alexandra, 5 days 19 19 0 Olrig, Manuherikia, 13Shr<5 . . 19 11 0 Molyneux Kohinoor, Roxburgh, week 19 7 22 Lady Roxburgh, Roxburgh, week 19 3 0 Enterprise No. 2, Alexandra, week 19 2 18 Garden Gully, Waikaka, 12Ohrs 18 7 0 IncHdale, nr Palmerston >v .l29hrs 18 7 0 Alexandra Lead, Alexandra, ' lSlhrs 18 0 0 Taniwha, Tuapeka River, week 18 0 0 Hessey's, Waikaia, 135hrs .. :6 11 0 New Roxburgh jubilee, Roxburgh 16 6 15 Now Perseverance No. 2, Alexandra, week 16 0 0 Central Charlton, nr Gore, 133hrs 15 5 0 Gabriel No. 1, Tuapeka Flat, 8 days 15 0 0 Charlton Creek, nr Gore, 136hrs 14 10 0 Enfield, Waipori, 133hrs .. .. 14 7 0 Waikaka, Waikaka. 123hrs .. 14 4 0 Molyneux Hydraulic, Alexandra, 3i days 10 12 0 Golden Gate, Miller's Flat, 4 days * 10 8 0 MacCharlton, nr Gore, 72hrs .. 8 13 0 Matau, Clyde 7 13 0 Nsrapara No. 3, Nevis River, 95hrs 7 8 0 Total » 1329 8 7