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COMMERCIAL.

The Amount of revenue collected at the Custom-house on cmods cleared to-day for consumption wan L 2.555 4s Bd. The Wellington Meat Export Company have decided to make inquiry as to the advisability of erecting freezing and slaughtering works on the West Coast of the North Island. MINING NOTES, In a letter received in Dunedin yesterday from Pegasus, dated 2fith May, 1889, the following passage occurs: —“ One hole that I have opened we have gone 14ft—3ft of stripping and lift of washdirt —and not on the bottom yet, with fine tin showing all through it, and getting coarser towards the bottom. Here I propose putting in a sluice-box and getting some tin. If it turns out as well as I expect we could find employment for fifty men for ten years at least. The washing test gives me from loz to 2oz of tin per dish, which is at present, I consider, very good, and I expect it to get richer as we go down. Besides this one hole we have opened eight others, six of them showing tin. In the other two we came upon very large boulders of reef. Seeing that we had no tools for this kind of work we had to stop. In another place a landslip has exposed fully 30ft of washdirt. Tried three dishes at various depths, all of which gave good tin.” The recent gold discovery at Waiho (westland) is uf great importance. Two men divided L 25 for five days' work, whilst Gordon and party (three men) have three years’ work on the ground, which will pay LlO a man a week for the whole of the period. The locality is close to the right hand bank of the Waiho, opposite the Forks. The ground appears to have been an ancient river bed. The gold is got by sluicing, the water being led in from the river. The principal difficulties in working are from rocks, which are numerous and large. [By Telegraph.] Melbourne, May 30.—The oat market is excited, and largo sales have been made at 4s 2d.

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https://paperspast.natlib.govt.nz/newspapers/ESD18890530.2.27

Bibliographic details

COMMERCIAL., Issue 7920, 30 May 1889

Word Count
347

COMMERCIAL. Issue 7920, 30 May 1889

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