COMMERCIAL

Evening Star, Issue 7468, 12 March 1888, Page 3

COMMERCIAL

Tho amount of revenue collected at the Customhouse on goods oleared to-day for oensumptiin was £1,481 188 fIJ. •

MINING NOTES. Mr J. F, Healey reports as follows :-The Last Chance Company, Arrow Flat, have succeeded In bottoming a hole at a depth of 113 ft, containing hard wash near the bottom. As this is the deepest hole yet bored, and as its situation is about 600 yards up Bush Creek Flat-that ia. 600 yards from (he Junction of the creek with Arrow River-and as the deepcßt holoS that were bottomed near the river were only some 63ft, it aeems to point to the foot tint the original bid of the Arrow must have'been in the direction of Lake Hayes, diverging put the gorge

of Euan Creek, and emptying itself either into Miller Flat or the lake. II this theory should prove correct, a very Urge area of deep ground will exlßt and lay open for further operations, and at the Bime time will make the Last Chance Company'.! claim of great value, aB they then will hold tally half a mile or the ancient river bed. It ia proposed to bora another hole or two nearer the Urge Blip t n the northern bank nf Bush Creek, and thus endeavor toasoertalnwnether the ground still dlpß towards that bank or not. At iiresant the deep channel appears 10 go up the centre ot BushCreti: flat. Tho general idea of the oldest miners hud is that the original btd of the Arrow River was diverted into Its present or modern course by au enormous mountain Blip that exists on the northern bank of Bush Creek. Cheeiing news is coming to hand concerning the newly discovered alluvial ground at Cardrona Several parties aro on pjyablo ground, and some eiglitcsn claims have been recently marked off. Boring rods are iu great requisition, both for this and Vincent County. Agents have rcoently been up to Arrow from the latter county endeavoring to get the loan of those being used by tho Last Chance Company. It is surprising, with the great demand for these simple Appliances on the goldflolds, thur great utility and the economy in woiking them, that every goldfleld county doeß not at ODce move itself to procure several sets of them. It would save hundreds of pounds in testing deep ground if this system of toiing were adopted.

THE LONDON MARKETS. Tho New Zealand Loan and Merointile Agency Company (Limited) have recived tho following telegram from their London office, dated 9th Inst : —"The tulow market is quiet. G:>"d n.utton is woith 25s 01, and good beef 24s per cwt."

[By TB^ROKAPn.I London, March 9.—New Z aland hemp h:.s fallen L2.