COMMERCIAL.

Evening Star, Issue 6819, 5 February 1886, Page 3

COMMERCIAL.

The amount of revenue collected at the Customhouse on troods cleared to-day for consumption was LSI) 110* 2d. „ . . . . The Now Zealand Timber Company at Auckland have declared a 10 per cent, dividend. PROPERTY SALES. The Perpo'tul Trustee <, Estate, and Agency Company of New Zealand, Limited, report the sale of part of section 64, block 9, Dunedin, having a frontage of .lift 91n to Princes street, by a depth of 132 ft, for L(i 190 cash. Tha property was sold subject to a lease having 0 years to run, at o rental of L 330 per annum. . , ~ . . James A. Park and Co. report having sold to-day at their rooms, by order of the Registrar of the Supreme Court, parts sections 39,15, block 1, Otago Peninsula, containing 41 acres (more or loss) for the sum of L2lO to Mr Klcha'd Moore. A property in the township cf Forbury was also offered but withdrawn, THE CROPS. Af Wanaka the crops are deficient both in acreage and per acre, ud farm produce Is Ilke y to soon riilnftfc a high figure, lathe Queenstown portion of the district things ore going from bad ta wns, Vo shill have to import ere long In order to meet the wants of cattle feed. Some crops of wheat on the Crown terrace are the bostln the district. The nature Masses owing to a sysem of burning .everywhere, show loss ami decay. Bunny knoys this well enough, and is frequently seen In numbers in low level country and gardens. The grass cannot recover next winter, and the rummer of 1888-7 must perforce be but a poor One.— Correspondent of the ‘Cromwell Argus. MINING NOTES. The legal manager of tie' United Alpine Company ■SgSsswsr* aasaws fernus drift*Jp r i V ato property, the solution costa ning the drifts is pnvo £ / xpcnße q( ,o,ls in ‘ h « °^X- ha w n orl would not. 1 thlnk.be necessary proswctlng ww b# r(Kllltre( , , t l 8 large, as only sna, low’ that> except In specially to be apprehended, how ■ o | d r j ver a ,id creek favorable phwes-M foH d ’ generally prove the channels—such workings £ dlstrlgold, though uniformly, yet 80

buted throughout the drift that only hydraulic Juicing miaht ttfet hope of payable results, and this mode or working is quite impracticable in the flat ftrounJ. Another point for serious notice is tnat it s just the finest a able land—gullies and flats- wmch, as con tdning the drifts, would by gold-digging be rendered totally unfit for agricu ture. Thus, all coneidered.lt is nucstlona’de whether enterprise -necessarily ex-penaive-in initiating drift-mining in the respective localities would be advisable or prove profitable in the end There Is one qmsii’.n of special interest agltiling the minds of mining men in the distitet—namely, whether the oil terrace deposit c:n‘ams near ihe foot of the Blue Mountain range a layer of pliably auriferous diift on the t-uo rock bottom. If that tango consisted of metamorpmo schUt, I hliould li ve mb hesitation in pronouncing the case as rather hopeful; but tliis unfortunately it does not. The toiks composing it, aa far as 1 have seen them, do not, in my opinion, look at all favorable for gold. However, as Professor Hutton, in tho report before cited, places them within the limits of the Kaikoura formation, throughout which, as ho states, 11 gold is found in small and, in some (places, oven payable quantities,’ and as moreover some miners—Mr Foreman amongst the number —positively assert to have seen quarts veins, and good-looking slates in parts of the range, it wou d, I think, be advisable to decide the question by sinking a now shaft, but much closet to the foot of the later than that sunk by Foreman’s party, of which mention was made in the beginning." . Want of water is telling on all phases of tho mining industry. The Invincible Company are going to give a trial crushing of ton tons from tho Duke of Cornwall claim. The Phomlx are going ahead as usual, mo Gallant Tipperary have had a fait mushing of anew Inn of stone that premises well and the shareholder arc naturally very jubilant.—* Wakatlp Mall.