COMMERCIAL.

Evening Star, Issue 6761, 28 November 1884, Page 3

COMMERCIAL.

Ths amount ol revenue eolleestd at the Custom*oum on ttoodi cleared to-day (or consumption wu 1,1,61010s Id.

STOCK EXCHANGE QUOTATIONS,

MINING NOTES'. A Beeftcn o>rrcspondent, writing on November 22, says:—" The Welcome having been engaged for over * fortolght in repairing the battery, again starttd crushing last Monday, and cleaned up for the four days' work yesterday, with the handsome return of (82ooz of amalgam from about sixty tons quartz. The paddook is well filled with stone, and the battery \rill now be kept steadily going. The future prospects of this mine are excellent. A recent close inspection ■or the northern drive disoloses that whilst the make of •quartz between No. 7 and No. 6 levels has been, as It was in the other levels, 'blocky,' there is under foot a continuous, well-defined run of stone, Indications that as the reef goes down it assumes a more plainly-defined and solid form. Whilst continuing to work at No. 7 the directors intend ehortly ■inking winces and a shaft to work No. 8 level. There 1s known to be a good block of rich stone to the north of the machine chamber, which has not yet been touched. The quartz from this and the other parts ot No. 7 level will keep the battery going for a long time, and pay steady dividends besides, covering the cost of sinking the shaft deeper to No. 8. The •cost of the wines, it is confidently expected, will be more than covered by the stone taken out of them. The No. 8 level will be opened and available before the stone in No. 7 is exhausted, so that the future prospects of this mine are of the brightest. The toad is being mode to the Big River, where a Net was opened up some time ago which promises to equal the Welcome in richness. The absolute Impossibility of getting machinery on to the eromid'has retarded its development. There is complaint made of the want ot competent miners. Twenty or thirty good hands could, It is raid, readily obtain work at once."

A number of {ent'tDßD, including the Slayrtr of Melbourne and Moiib. Scboetak, the Russian engfneeY, assembled at the Exchange (relates the ' Age' df a reoeDt date), for the purpose of inspecting a model of a new invention (or working and mining in riven. Mr George B. Elliott, the patentee, in describing the invention, said it was designed to secure gold, tin, and diamonds from the beds'oJ rivers, as well as the flats Co the banks of rivers where there was no fall on the eurface for a tail-race. The machine was designed in connection with the Friestman Bros.'patent dredger, and could be floated on a punt in very shallow water, eay from 18ia to 15in. The washdirt wr s raised to the platform by a Priestman's dredger, which was guaranteed to raise, even in 20ft of water, from 400 tons to 500 tons per day, with the labor of on e man only. The sluice-boxes and tail-races would be supported on email floating punts, one end of the sluice-box resting on the main punt. The water would be supplied by a patent water-lif-or or a centrifugal pump capable of lifting 3,000 gallons per minute. The cost of a complete plant would not exceed L 2.060. The invention was highly recommended by a gentleman present.

[Bt Telegraph.] Mblboirss, November 27.—The New Zealand Loan and Mercantile Agency Company held their usual weekly sale to-day, when a catalogue comprising 4,080 bales was submitted. There was the usual largo attendance of buyers, and competition for all lots was keen, 3,600 bales being disposed of under the hammer at very satisfactory rates. The market was very firm at late prices.

The quotations at the Dunedin Stock Exchange <this morning were as follows :— Seller*. Buyers. Sales. Colonial Bank 42s 6d 42s — National Insurance Co. .. 20s Od 208 3d — South British „ „ .. 62a 9d 52a (id — ■Union „ „ .. 23s 22s 6d — Standard „ „ .. 12i 3d 12s — ■Coloatel , 7s 3d 6a Od — AooMent Association ,. 2a Od 2s fd «- Walton Park Coal Co. .. 12s lls«d — Trurtete & Excoutors Co... — 198 6d — Commercial Property ami FinancoCo _ 20s 6d 20s 6d Mesg-iel WooIIon Co. — 21s — WcstportOoalCo Red Queen O.M. Co. Keep-It-Dark G.M. Co. .. 2*7 20s — 3a Id 2a 8d — 37s 6(1 368 — United Alpine G.M. Go. .. 13) 3d 12s 9d 12s Od Guiding Star G.U. Co. .. lslOd ltlOvl — TipperaryC.M. Co. — 68 —