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COMMERCIAL.

The amount of revenue collected at the Custom-house on foods cleared to-day for consumption was L 1,712 0s Id. The Perpetual Trustees Company to-day submitted to auction the property in Queen street which the late Mrs Gillies occupied for many years. It consists of a seven-roomed dwelling, with Ir 31p of land. Bidding started at 1500, and, after spirited competition, tho property was knocked down to Mr Cuming at L 775. The New Zealand Insurance Company’s halfyear does not finish till the end of the current month ; therefore no interim dividend has yet been declared by the directors. The telegram to our morning contemporary evidently has reference to the National Company’s dividend, which was declared in the early part of this month, ... i The premises and plant of the Ashburton Woollen Manufacturing Company (in liquidation) have been sold to the Mosglel Company. The latter have agreed to carry on tho factory for at least three years. There is every prospect of the creditors of the Ashburton Company having their claims paid in full.

MINING NOTES. Mr Alfred Conliffe, mining expert, who recently went over to Stewart Island on behalf of the Cornwall Tin Mining Company, an Invercargill syndicate, writes to the secretary, Mr Roderick Maolcod. under date the 17th inst., as follows“I visited the ground known as Hall’s section to-day, and found the men had got payable tin in a spot whore I had directed them to sink. I washed while there eight dishes of dirt. I forward you the result, which is highly pleasing. I decided, after washing it, to forward you the tin ore, lam sorry that I have not had sufficient daylight to extract the little sand, and, as the steamer leaves at five o’clock in the morning, send it to you in its present state. I presume it will assay, in its present state, 65 per cent, of metallic tin. If cleaned the assay would be 76 per cent.; the ore being of a very good quality.” The result referred to by Mr Oonliffe was about 7oz to the dish, but Mr Oonliffe promises a full report by the following steamer.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/ESD18890521.2.32

Bibliographic details

COMMERCIAL., Evening Star, Issue 7912, 21 May 1889

Word Count
356

COMMERCIAL. Evening Star, Issue 7912, 21 May 1889

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