REPORTS FROM WORKING DREDGES.

Otago Witness, Issue 2719, 25 April 1906, Page 26

REPORTS FROM WORKING DREDGES.

The following additional returns have com© to hand since the compilation of our weak'y? t?ble published in 'ast week's issue • —Enterprise, 15oz; Alpine No. 2, 13oz Bdwt , SandyPoint, 30oz sdwt, for 115 hours ; Garden Gully, "6OZ lldwt, for 9 days : Alexandra Eureka, 48oz 14dwt, for the week; Chicago, 390z sdwt, for 119 hours. West Coast- Blackwatcr River, 50oz 2dwt, 190 hours. Paterson's Freehold returns for last week: we re:— No. 1 dredge, 20oz lOdwt, week; No. 2, 16oz 17dwt, week The return from Bigr.ell's No Town for the week was 330z sdwt for 191 hours' dredging. The dredgmastor wires that he did not wash up until Tuesday owing to the banks being The secretary of the Mystery* Flat Company reports a return of 18oz ldwt fo 126 hours* dredging. T"he Lady Annie dredgeniaster reports a return of 40oz ldwt for 130 hours' dredging. The dredgeniaster of the Masterton wires a return of 220z 7dwt for 134 hours' dredging. Last week's return from the Golden Treasure dredge was 18oz lOdwt for 138 hours' dredging. The secretary of the Three-mile (Greenstone) Gold Dredging Company reports that the dredgemaster washed up 17oz for 75 hours. He reports that the ground is very rougb. Telegraphic reports received on Friday from

the ~dre3gema,ster of Electric No. 1* "and" ifilectric No. 2 . dredges sta-te that the river was rising rapidiy 6 . The return from Ko. -2 machine was Tooz lodwt for seven- days, and from the No. 1 machine 230z 13dwt for 136 hours. The dredgemaster of the Rise- and Shine No. No. J. dredge, who wires a return of 520z for 122 hours' work, also states that there is no alteration in the ground being worked. "The master of the Alexandra Lead dredge reports a leturn of 30oz lodwt for 149 hours' work. The wash is improving, and the dredge is working well. The master of the Wakatipu dredge wired on Saturday having washed up for a return of 12oz sdwt for 116 hours' work; river in flood; ail safe. DUNEDIN STOCK EXCHANGE. Monday morning's wire received on 'Change indicated a fall in the Molyneux River since Saturday of 2ft 6in, the height as telegraphed bsing 7ft 6in above the normal mark at Alexandra. From this if will be seen that the present rise in the Molyneux, though on the face of it a heavy one. is not Mkely to cause delay for any extended period. As a matter of fact there are dredges •which could resume work at Monday's level, but which will by preference remain inactive for a, few days and give the disturbed drift a chance to settle. That remark applies to ths Electrics, which will in all probability ' ststxt work, again m the course of two or three days. The clone or this -week ehould see the xestiniption. of operations by perhaps all of •thces which have been compelled to stop through- what is in reality a- b'g fresh in the liver. ,' Incidentally. the,~Dunstan Lead and 'Alexandra -Lead., which are working into the h&pik.ixnd require plenty of- floating room, and ■iKie". Molyneux Kohinoor, which was slightly Short of wafer, t?ill be benefited by this rise. A jump itoia.Mi loin to 10ft has had little - dr no'^effect on the share market. 'Oil Monday, at both oall-overa, inquiry for scrip was quite general, but there was little disposition shown to indulge in business within the CBll-room. Only two sales ■were put through for {he day, and bpih-6f them in Jiaitley and Rileys, at 27s '6d and 28s, and, in addition, values under* ■went a perceptible improvement, buyers on the fall of the hammer being prepared to give 27s 6d (fellers' price of Saturday), and holders demanding 28s Gd. Last week's return from the Hartley and Riley dredge was^an improved one- ot-Sloz. "--The "dredge only, recently commenced to work into what -is- regarded" asrery. paya,ble b«»ach ground, but some small doubt ia expressed as to whether the dredge will be «ble to work this beach. The giound there is extremely rocky, having; proved a catchment for boulders from the "hill above, and by the descent of which the' river was turned somewhat. , That there is good gold there is admitted on all sides, but as to vjhether the dredge can properly cope with the eround lema-ins to ba seen. Electrics on Alonday received notice only at the first call-over, and ■were a phade easier as conroared with Saturday. Gulden Beds disclosed a slight hardening tendency, bvii GoldeT Buns were weak. Molvneux Kohinoor (oaid) had buyers at 10s 6d, but no sellers. The Kohincor dredge, as already advised, started work on Friday la-st after an overhaul extending over eight weeks. Despite the fact that ihe dredge has had to undergo several extensive overhauls of late she is cons : dered by those acquainted with her as a sound and powerful machine. - Prior 'to stopping she was on good- gold— something like an ounce peit _hour~ and a return, quite in "ieebing "with, that can be looked 'for -this week ~ fbr!th~ > some degree of certainty. In. Rise and Shines buyers and. sellers' qame very near to . doing bueiriess, the former, irnoiing at 21s 3d , and -{he Wtter at'2ls~lo£d. Investment stocks • "were., accorded, moderately good notice. The fol'owing are Monday's latest quotations, subject to the usual brokerage • — Alexandra Bonanza — Buyers 8s 9d, sellers 9s dd. Alexandra Eureka — Sellers 9s 6d. Alexandra Lead — Buyers 3s, sellers 4s. Alpine No. 2 — Sellers 9s 6d. Bignell's No Town— Buyers 6s 6d, sellers 7s j Bd. Chicago— Buyers 14s. Enterprise — Buyers Bs, sellers 10s. Ettiick — Buyers 6s, sellers 7s. Golden Bed — Buyers 203 3d, sellers 21s. Golden Rue— Buyers 203, sellers 235. Hartley and Riley — Buyers 27s 6d, sellers 28s 6d. Island Block — Buyers is 3d. sellers os €d. Junction Electric— Buyers Is 9d, sellers 2s 6d. Lady Roxburgh (paid)— Buyers 4s, sellers 10a. Lady Roxburgh (contrib.)— Buyers 10a, sellers 6s dis. Manuherikia— Buyers 20s 9d. sellers 235. Molyneux Kohincor (paid) — Buyers 10s 6d. Mystery Flat— Sellers 30s. Muddy Creek— Buyers 355, sellers 40s. New Alpine Consols— Buyers 13s 3d, sellers 14s 3d. New Bendigo — Buyers 7s Cd. sellers 12s 6d. New Roxburgh Jubilee (paid)— Buyers 8b Sd, sellers 12s. ■Otagc — Buyers 40s. Pactolus — Buyers 41s, sellers 465. Jliley's Beach — Buyers 3s. sellers ss. ~Rise and Shine — Buyers 21s 3d, sellers 21a j lOJid. I 'Sailor's Bend — Buyers 16s 9d, sellers 18s j 9d Waikaka Queen— Buyers 4s. Mining. Surunui Caledonian— Buyers 2s lid, sellers Ss 3d. Talisman Consolidated — Buyers 25? 3d. Waihi Extended— Buyers 6s, sellers 7s. April 19.— First Chance, 12s 6d, 13s. April 20.— First Chance, 12s; Goden Bed, 20s 3d. Aoril 21.— Chicago, 15s. April 23.— Hartley and Riley, 27s 6d and 28s.

The postal authorities have been advised by the -lepartmenfc in Wellington that, owing to uncertainty about the mails getting prompt despatch from San Francisco, it is at present intended to send all mails tar the United Kingdom and Continent of Europe, etc., by the Gothic leaving WelThe chief postmaster is also advised that the sailing of steamers from San Francisco has been temporarily suspended, and that the acting-secretary of the Postal Department has succeeded in, diverting the mails which should have left San .Francisco on Thursday laet, the 19th inst.,- by way of Vancouver. Advice was received on Monday from Mr Lindsay, tho mail agent, and Mr Hounscll, bis assistant, that they were cafe, and were returning to tie colony with the mails by way of Vancouver. A number of commercial travellers met in the Excelsior Hotel on Saturday night to say farewell to Mar Arthur J. Manning on the occasion of his leaving the road. Mr Manning 'is entering into partnership with his brother at Picton as general merchants, aai eld friends wish him every success^

Oz dwt. gr. Electric No. 1. Cromwell, 7dys 75 15 0 Golden Bed, Miller's Flat, 129hrs 71 17 ft Waikaka United -No. 1, Waikaka, 119hrs :. .. 56, 16 :» Rise and Shine No. 1, Upper Clutha, 122hrs „ ....... 52 0 ."» Alexandra Eureka, Alexandra, wk - 51 14 O Junction Electric, Cromwell .. 46 13 0 New Alpine Consols, Cromwell, 136hrs 46 13 0 Lady Annie, "Waikaia, 130hra .. 40 v 1 0 Chicago, Alexandra. lOOhrs .. 37 2 9 Otago No. 2, Island Block, 13Snrs 36" 0 7? Waiksrka United No. 2. Waikaka, llOhrs 34 10 O Rising Sun, Up. Clutha, 128hrr 34 9 & Sandy Point, Alexandra, 122hrs 32 0 0Muddy Creek, Waikaia, 144hrs 31 9 0 Central Char.ton, nr Gore, 1361ns 31 2 ft Hartley and Kiley, Cromwell, 134hrs 31 0 0 Alexandra Lead, Alexandra, 149hrs 30 15 O New Perseverance No. 1, Alexandra, week 27 6 » Punt, Upper Clutha, 116hrs . . 25 16 0 Oia^ro No. 1 Miller's Flat, 139lirs 24 O O Hesiey's, Waikaia, 134hrs .. .. 23 16 0 Waimumu Queen, near Mataura, lOOhrs 23 15 0 Electric No. 1, Cromwell, 156hrs 23 13 0 Masterton. Waikaia, 134hrs .. 23 7 O Cluthc River, Clufcha River, 130hrs 22 6 0> Dunstan Lead, Alexandra, 7dys 21 15 0 Waikaka Queen, near Mataura, 131hrs 21 14. 0 Nev/ Perseverance No. 2, Alexandra, llOhrs 21 2 0 Matau, Clyde, 10 days 21 0 0 Garden Gully. Waikaka, 6 days 20 17 0 Cliarlton Creek, nr Gore, 3* days 20 10 O Waikaia, Waikaia, 132hrs .. .. 20 9 O Golden Treasure, Miller's Flat, 135Jhrs 19 10 9 Rise and Shine No. 2, Upper Chitha, WOhrs 18 13 0 Mystery Plat, Waikaia. 126fars . . 18 1 & Waikaka, Waikaka,, 132hrs .. 17 14 O First Chance, below Alexandra 17 0 O Ettrick, Roxburgh, 131hrs .. 17 « » Alpine No. 2, Qromwell. 122hrs 15 2 » Royal Waimumu, near Mataura, 131hrs 13 15 » Lady Roxburgh, Roxburgh, 3dys 12 11 » Wakatipu, Shotover, 116hr3 .. 12 5^ O Golden Run, Miller's Flat, week- 12 0 0 New Fourteen-mile Beach, Alexandra, 314hrs 10 10 9 Total 1265 3 9 The West Coast. Pacto!u3 No. 2, 107hrs .... 69 6 0 Blackv.-ater River. 120hrs .. .. 35 0 0No Town Creek, 133hrs .... 34 0 » Pact-olus No. 1, 180hrs .... 31 8 0 New Trafalgar, 120hrs .... 18 0 O Three-mile Greenstone, 75hrs .. IV 0 O Total 204 14 O