COMMERCIAL

Evening Star, Issue 7406, 29 December 1887, Page 3

COMMERCIAL

Tho amount of revenue collected at tho Customhouse on goods cleared to-day for consumption was LI ,067 0s lOd. Messrs J. Samson and Co. otfeed for sdo to-day sections in Sunnydaio and S.ulh Dunedin, but in each ease the properties wore passed in. A Blenheim telegram states that St Leonards Farm, tho properly of Mr Thomas Redwood, was offered yesterday in ten small-farm sections, containing 231 a Ir 31p. Five were disposed of for 1.4,405 3s sd, or a fraction over Ll9 per acre. The land, which is within three miles of Blenheim, is of exceedingly go<d quality, tho purchasers being local men who know its full value. On four sections there is a growing crop of wheat, and ten acres of potatoes on another. Tho sale attracted large numbcis, as it was the first held for some time, and was therefore regarded as a fair teffi x of the value of property in Marlborough. The Dunedin correspondent of the ‘Australasian Insurance and Banking Record’ writes fs follows on a subj ct that will bo of interest to tho people of Oamaru :—“ A good deal has been said from time to timo as to the value of the various loans contracted in a variety of fashions by tho town of Oamaru, in Northern Otago. It has been _ said hero and elsewhere that Oamaru Is practically insolvent, and unable to pay tho interest on its debts. This is far from the opinions of the London lenders, judging from tho reports of the prices at which its securities arc being sold. Oamaru municipal 1907 lean is selling from Dili to LI 13; 1910 loan, from Lll3 to L 115; Ha-bor Board mortgage debentures, LlO4 to L 106; 1919 loan, from HO7 to LIU). Otago Harbor Board bonds, of a like nature, quoted at (rom LlO3 to LlO5 and LlO4 to LI00." MINING NOTES. The mine manager cf While’s Reef Gold-mining Company (Limited) reports a Christmas cake o’ 173- z retorted gold from 130 ions cf stone. Private Information placed at our disposal states that there is a decided improvement in the stone from the Welcome mine at Ueclton, and that stone will he put out freely about the middle of next month. A Brisbane telegram stales that a Utter has boon received from a prospecting party at Mount Macdonald, which states that there are millions of tons Of “stuff,” consisting for tho most part of dry volcanic ash, in tho mountain, which measures 800 ft high and three miles in circumference. It is not yet proved whether gold runs through the mountain. The p o’pecling party who recently went out in search for a reef in tho Waiohine range, Wairarapa, from which gold bearing specimens had been taken some time back, returned without being able to discover tho exact spot. They leave again lor (urthcr search to-day. Stono picked up by tho party during the search, although showing no gold, seems to indicate the presence ol gold bcaiing quartz. Sir James Hcc’or is at present analysing stone from Owen Creek, Nelson. He estimates that about an ounce to tho ton has been lost in crushing owing to the presence of bismuth, and he is devising means for preventing this loss. (By TiSEQRAPn.] Grevmoutii, December 28.—At the cattle sale this afternoen 86 bullocks were offered, ol which 23 were withdrawn. Tho average prices realised were Beef, 17s 6d to 18t per 1091b; sheep, 8s CJ to 9s 5d est.'li; lambs, 7s (iJ to 10s 3d each. All the stock were from the west coast of the North Island.