It will be freah m the memory of many how large an amount of caphal waa tank In the old Onehunga Iron Worka, the unfortunate shareholders getting little by tli3lr enterprlao save expbrlenoe. Tho new proprietary, into whoae bands tha wotka have fallen, appear at last to have hit upon the rlgh> Hnea on whioh to work, and tbe Iron Industry promises lo be a great buocobb. A party of skilled workers m iron arrived by the mall steamer, under engagement, from Peunaylvanfan Iron work), whose speciality is the manufacture and rolling of sheet iron. A considerable Southern trade has sprung up In rod and cast iron, tee and angle iron, and orders for several hundred tons have been reoeived within the lsst two months. A representative of the company recentlyInterviewed the Chief Railway Oommtssloner (Mi- M'Kerrow) at Wellington with regard to the manufacture of rails for tha railway department. The Company expects within a year or two at the moat to be In a position to mtnofaotnre the whole of the rails required throughout the colony, and thus save tha importation of that olaes of material Hitherto the iron trade In Auckland has languished, but now that this industry has gone through the phase of experiment, cai Is now BDdurlng the ordinary commercial teotei of anpply and demand, a brighter fature la In atore for It. As showing the magnitude of tbe company's operations, when the blast furnace la shortly completed, it Id anticipated that the worka will consume 500 tone of Greymonth coal weekly, that be«ng the coal best adaptad for the company's purposes. For aome years past Mrs Symonda, of Onehung*, has been endeavoring to In* duoe oapitaliats to work the valuable Iron ore found on her land at Big Muddy °ff; k ' on } ha Manukau, bul hitherto without avail. She states that she has written to the directors of the Onehnnga Iron Company, but is told that they will no open to bay Iron ore from anyone, bnt they have nothing to do with working Iron ores on private land. Mrs Symonds Bays now that the manufacture of Iron Is likely to be en Important branch of Industry here, she would be willing to give liberal terms to any company, or glva to the promoters onethird of all the profits for a certain number of years. The Iron ore, she states, does not require to be sought for, sa It la tumbling out of tho ollffi, and haa bean [ traced for nine miles In the direction of Kalpara. The ore his been proved to be self fluxing by Messrs Fraser and Tinne. also by Messrs Branßton and Forster, of the Braes Foundry. Mr Rowland, for many years was under-manager In a colliery m Oheahlre, and m a letter to Mrs Symonds, dated Onohnnga, July ii hn B»yB:_«I resided for many leeeka on your property at the Blr Muddy Creek, (beine employed by yr m ] Bto hoaband to aearch for o .al), I h*d tbe opportunity of thoroughly examining the land, and as I for the greater pwt of my life worked In he mlnsa m Stßfi.^d B hlre and Walea, I think no one will deny that I am able to jadge with regard to the minerals Hkely to bo found on your land. I now therefore bold'y assert that the Iron ore; fire day, etc., on youc property la equal, If r.o v . PBpjplor to any that I have seita In S^ff.rdsh'rq or Walou ; and also I aaiert that It Is my humble tpinlon that there are thousands of tons of both Iron ore and fire oUy not only to be seen on the bete,h
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