Commercial.
The amoun of revenue received at the Cus can-house oe cleared for consumption was this day, L1,4714s 9d. The half‘yearly meeting of the Lucknow Quartz Mining Company (Limited), was held yesterday afternoon. In their report the directors regretted that they were not yet in a Ssition to state that the reef had been struck. Ie rock through which the tunnel has been driven has proved so hard, that at times the drills have made no impression, and powder has been almost useless. The Mining Manager advises that up to the 4th June he had driven thirteen feet. In a letter, dated 9th June, he states that he expects the reef may be struck at any moment, the estimated distance having been driven. From the statement of expenditure it appears that the total coat of the tunnel to 20th May has been LI, 531 4s Bd. The cost of driving the last sixty feet has been over Ll2 per foot. _______ SHARE MARKET. [By Telegraph.] Auckland, June 11.—Mr Alexander Saunders reportsßuyers: Bank of New Zealand, Ll- 16s; Caledonians, LlO 2s 6d. Sellers: National Insurance, Ll 10s 6d. Sales of Caledonian Shares have taken place at LlO ss.
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Evening Star, Issue 3526, 11 June 1874, Page 2
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196Commercial. Evening Star, Issue 3526, 11 June 1874, Page 2
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