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COMMERCIAL.

Tho amount of revenue oolleoted at the Custom-house on goods cleared to-day for consumption was : Customs, L73712s 8d: primage, Ll2 3s 2d; total, L 74!) 16s lOd. James A. Park and Co. report soiling by auction, at their rooms, to-day, a farm on the Pcniaaula, being application 1,804, block 1, Otago Poninsula distriot, containing 56a Sr 19p, at L 22 per acre, to Mr William Gorman. They also report selling privately tho unexpired terra of lease of sections 13,14, and 15, block 21, King street, and Bection 7 and part of seotions 6 and 8, block 21, George street, with hotel, shops, and cottages thereon. A Grcyraouth telegram says that Joseph Taylor, who haß lately been getting a considerable amount of gold in his dredging claim on North Beach, on Thursday cleared away a piece of ground fpr fixing his cataract plump,,which amve'd a few 'dayS is go, Hfs grab was working

seven hours, and the return was 40oz of amalgam—nearly half gold. The return was enough to pay the month's expenses. The ground had been passed over by diggers in the olden days. It is supposed that a good deal of ground like it is covered up with headings. MINING NOTES. The Rcefton returns for tho week were : Keep-it-Dark, 1930z of amalgam from 170 tons of stons ; Globe, 145'DZ of amalgam from 185 to) s; Progress, 2120z for six daya and from about 190 tons ; Iniieiman, 19Sm of ann'gam from 89 tons ; Inglewood, 73:z of amalgam from 00 tons; Lor.o Star, 42:z of retorted gold from 2251 ;ns. No end of excitement has been caused at Tinkers by the discovery made in the d 'ep Bhaft that is being suuk there. It has ever been the opinion that underlying the false bottom now being worked upon—that is, by tho practical men of the place- though by the same token tho scientist has ever pooh-p johed the ideathere wero strata equaly rich, if not richer than above it, and running to unknown depths. Time and opportuiity being favorable, apirty some time since undertook the task of solving tho question, and by last week reached a depth of 140 ft; the strata gone through alternating fr.m fine gravel—or, as some term it, rotten grai ite—to clay. Gold, more or less, was obtained in the gravel in every prospect tried, always giving the busy adventurers hope right from tho top until close on 130 ft in depth was reached, when the prospects began to improve, and so on to the lowest depth, where tho prospect is r.uch es to convince one and all that a mighty and a rich field has been struck that fairly bids to outshine in importance to tbo country generally anything as yet discovered, not oven Ncnthorn, though so much is said of it as there is.—'Dunstan Time?.' Work hj s been cinied on for some time past iu connection with raising the Wolman dredge from tho bottom of the Mar.uherikia River, and we understand that the coffer dam, composed of some thousand* of bags of sand and built around her, was oorapletel yesterday, the pumps placed in paeition, and that the work of pumping is to be proceeded with at once. Providing the river doe 3 not rise, a few days should see the dredge once more afloat, and then in a month or eo tho problem as to whether the claim she is on will pay for workicg should be solved.—lbid Several big finds are reported to have been mado by several parties of Chinese on tho river beaches. One party of them are said to have made Ll7 each for five days' work, and one man made Llsin two days.—lbid. Some little time ago a sample of tin ore from Tucker's claim was soot to England to show an old New Zcalandc-r who still takes an active interest iu the colony. The sample, up n being analysed, proved so rich that a cable was received two days ago asking the owners to put a cash price upon their mine. This, although tempting, they refmod to do, as they have every confidence in tho vouturc.—'Southland News.' There has been a scarcity of water at the Blue Spur, in consequence of prolonged frosts blocking tho races, and o»iag to this only one jot has been at work on the tailings during tho past week or two Tho men are employed on tho lower of the two paddocks, mainly with the purpose of clearing the way to better ground. The Shotover Big Peach Gold Mining Company paid a dividend to-day of LI per Bhare. An extraordinary general meeting of shareholders of the company is to be held on Monday, September 2. THE AUSTRALIAN MARKET?, Messrs Dalgety and Co. have received the following cablegrams : From Melbourne, dated Saturday :—"Sugar market firm, tending upwards." From Sydney, to-day :—" Grain unchanged ; potatoes, L 4 iss to L 5; chaff, almost unpaleaWe." THE LONDON MARKETS. The Now Zealand Loan and Mercantile Agency Company have received the following cablegram from their London office, dated the 24th inst.:—"Tha wheat crop hero is estimated to yield 10,000,009 quarters, one-fifth of which 18 already secured. Conflicting reports of English crops. The weather has been unfavorable, but is now improving. The balk of tho French harvest has been secured in good condition. The American crop is estimated to yield 59,000,000 quarters. Market is inactive. New Zealand average is worth 35» per496lb; Now Zealand long-berried is worth 38s per 4961b; New Zealand (f.»,q.) jb worth (c.i.f.)off coast, 34s 9d per 4801b.—Tallow is in good demard. Good mutton is worth 27s 6d per cwt; good beef is worth 28s per cwt. —Tho frozen meat market is understocked for mutton owing to dock strike. Canterbury mutton is worth fijd per lb ; Wellington is worth s§i per lb. Beef: Forcquai ters are worth 3£d per lb; hindquarters are worth 4-M per lb."

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https://paperspast.natlib.govt.nz/newspapers/ESD18890826.2.33

Bibliographic details

COMMERCIAL., Issue 7995, 26 August 1889

Word Count
981

COMMERCIAL. Issue 7995, 26 August 1889

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