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COMMERCIAL.

The amount of revenue collected at the Custom-house on foods cleared to-day for consumption was LI,O-19 6a 4d. Business during the week has not been brisk, and values of goods generally are without quotable change. The promoters of the new water gas, which has just been introduced into Sydney, offer to supply their light at 4d per I,oooft. James Whyte, Rat Gay street, reports the sale of section 20, block 10, Russell street, at a satisfactory price to Mr Goiman, equal to L6OO for quarter acre. The liabilities of Ligbtfcand, Allan, and Co., of Christchurch, are stated to bo L 120,000, and the assets are estimated to realise L 130,000, showing a surplus of LIO,OOO. By the stoppage of work about 320 hands will bo suddenly thrown out of employment, and the b cal market for hides seriously affected. The failure is due to extended ramifications, which have proved unsuccessful. There is a probability of the factory resuming shortly on a more condensed basis.

PROPERTY SALES.

Messrs James Samson and Co. to-day sold allotment 13, block 2, Sunnydale, North east Valley, together with four-roomed house erected thereon, to Mr J. Thomson for L 165 ; also a leasehold at Mosgiel. Messrs D. Reid and Co. report the sale of Canada Farm, Table Hill (850 acres unimproved), at L2 per acre, to Mr D. Monfries, of Waitabuna.

Tho Perpetual Trustees, Estate, and Agency Company of Now Zealand report the sale by an tion of sections 10 and 11, block 11. Hawksbury district, containing 122 a 8r and lOp, to Mr R. Jt flferis for LB2O. Tlie company also report the sale, privately, of allotment 8, Warrington estate, containing 221 acres, at Ll2los peraore.

THE LONDON MARKETS,

The New Zealand Loan and Mercantile Agency Company, Limited, have received the following telegram from their London office, dated 7th June:—“ The wheat and flour market is dull. The weather is favorable for the crops. The mutton market has an upward tendency. Canterbury mutton, s£d; Wellington, sd; Canterbury lamb, 6Jd. The beef market is dull. Forequarters are quitted at 3&d, hindquarters 4d.

MINING NOTE.

At a meeting of the directors of the Roxburgh Mining Company, the chairman read a letter received from Mr William Peters, sometime member of the Gabriel Gully Hydraulic Sluicing Company, who has been inspecting the Roxburgh company's ground for bis own information, Mr Peters says:—“lt is one of the best claims that it has ever been my privilege to prospect during my experience in mining for the last nineteen years. While on the ground I saw a paddock that was taken out by twelve men and three horses in 190 days, the gold receipts from which were 416 ounces, amounting to LI,BGO. I can confidently say that with hydraulic eh vaters I could take the whole of that paddock out in twelve days; so you will see that it is scarcely possible to estimate the va'ue of your property until you have got your new water races constructed, and a proper apparatus operating on the works. According to tho ‘prospects’ taken out by me, you have ground sufficient of tho same class to last for the next fifty years. It is my opinion that Roxburgh will be the largest gold producing district in New Zealand in a short time hence. ’

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/ESD18890608.2.24

Bibliographic details

COMMERCIAL., Issue 7928, 8 June 1889

Word Count
549

COMMERCIAL. Issue 7928, 8 June 1889

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