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COMMERCIAL.

jjnoont of revenue collected at the on goods cWed tn-dav for oonQge, Ll7B 8s "Id; total, L 5,417 6a 4d. PROPERTY BALE. Mr Henry Lamer bold a sale of freehold properties at Ks rooms. Rattray street, this aftermoon. There was a large attendance of bidders. Allotment 7. block 39, St. KiMi*<>]ld lor L3O ; part allotments 2 and 19, block 22, Dunedin! 1175; allotment 50, block 27. Dunedm with verandah cottage thomon, MM), and allotment 3, section 89, block 7,Dunedm,and allotments 16, 17, and 18, Kensington (L 250), were passed in.

MINING NOTES. The Shotnver Big Reach Cold Mining Company Lave received information that tho rebnlt ; of dreilgingiLiit week was u7oz of amalgam, or 02 per cent, of retorted gold. The Mining Registrar of the central division of Ballarat remarks in a recent report to the Mines Departmentlt is satisfactory to note that aa we proceed in quartz-raining the theory of being unremunerative at deep levels is still further being exploded. How such a theory first obtained a footing, or on what pieraises it rested, in difficult to divine, but tho practical experience of this and other goldfields leads very forcibly to an opposite conclusion. There are undoubted barren strata, and by far ton muck driving is done in them. Sinking should be continued until a bettor class of stone is met with. It does not follow, however, that everywhere there is quartz one is sure to find gold, but we have a lot of belts of non-autifer-ous quartz which is of a hard, crystalline nature, nrd prospecting should not be carried out in this. Gold mining is certainly a very precarious speculation, but the rewards when they are discovered are such that put most other mining in the shade.” The Island Block Cold Mining Company have struck excellent prospects in a shaft now being sunk on their property on the west side of the river. The hydraulic machinery at work on tho east aide of tho river is working smoothly, and giving the utmost satisfaction. The manager (Mr Rawlins) is well satisfied with the gold returns, which continue to improve as the work of opening up the claim progresses. —‘Tuapeka Times.’ A reporter of the Christchurch ‘Telegraph’ interviewed Professor Hutton in regard to the Tinkers discovery. The Professor had almost forgotten the exact locality, as it was a long time since he had been there, but there was every probability (ho said) that the report was true. The seam would, however, he a limited one. It would simply be the bed of an old river, and was not likely to extend over the plains. There might bo one f r two oilier similar lea As in that part of the country if they could be chanced upon, which were the beds of the rivers that drained it in the olden time. Supposing the report true, there was no doubt but that the lead would bo a rich one. but seeing that all the stuff would have to be raised before it could be washed there would be gicat expense attached to the working of it. From tho reasons above given there would bo no prob'bability of the find affecting the other goldfields in Otago.

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https://paperspast.natlib.govt.nz/newspapers/ESD18890830.2.21

Bibliographic details

COMMERCIAL., Issue 7999, 30 August 1889

Word Count
535

COMMERCIAL. Issue 7999, 30 August 1889

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