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COMMERCIAL.

The amount of revenue collected at the Custom-house on floods cleared to-day for coneumntion was LI, (iff 313s lid. The Gear Meat Company have declared an interim dividend of 10 per cent. MINING NOTE. Mr Conliffe, the Tasmanian expert, who has been prospecting tin claims at Pegasus for (everal holders, has brought with him to Invercargill samples of stream tin that will pay to work, being equal to 70 per cent, of metal, and to be got in quantity. He is of opinion that the field will turn out good, but disapproves of the way that the whole country has been marked iff into claims, as only a few can ever possibly be wortli working. The movement hitherto has been more of a land speculation than a porch for minerals. _ Very few claims have yet been touched with the pick and shovel, and most of them are not worth spending money on. Even those that are payab'o will require a considerable expenditure of caali au ' time before a return will be obtained. The lode, he believes, will yet be found, and will probably equal that at Mount Bischoff, but it may take a great deal of labor to discover. The difficulty of getting plant and supplies up the mountain and climatic conditions are much against the development of the field. . (Bv Telegraph.] Sydney, Juno 10.— Business in bread-tuffs is languishing owing to the market being flooded with New Zealand and Californian wheat. The fact that three more cargoes are daily expected from San Francisco does not help to improve the tone of the market, and highest quotations are as follows: New Zeiland Tuscan, 4s 7d ; Californian considerably lower, though 4s Cd is said to have been touched for small linos of best samples.

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https://paperspast.natlib.govt.nz/newspapers/ESD18890611.2.36

Bibliographic details

COMMERCIAL., Issue 7930, 11 June 1889

Word Count
294

COMMERCIAL. Issue 7930, 11 June 1889

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