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MESSRS. BEETHAM, WALKER, & CO.'S REPORT,

The unsettled and occasionally tempestuous weather of the past week has failed to produce iti usual deadening effect on busineis ; indeed, we believe a larger number of shares hare changed hands than during any previous week in the history of this goldfield. Foreign oapital begin* to flow steadily into the place, and Auckland speculators, whose cautioa has hitherto kept them watohing but waiting, are unloosing their purse-strings. Little business, however, except that of a ipeoa* lative character, has been traniaoted, the weather having been too unfavourable, and the roads too deep in mud, to create a desire to roam the hills in quest of hidden treaiure in undeveloped ground. The run has accordingly been entirely in the old favourites — Deep Lead, Dawn of Hope, Sweeney's, Harp of Erin, Hokitika, Crown. Point Russell, Nil Desperandum, El Dorado, Tookey's, Williamsons, and a few others. Madman's Gully, a branch of the Moanataiari Valley, is beginning to attract attention, aad several claims in the long-negleoted Karaka are promising very fairly. We bave junt sent a box of specimens of amazing richness to Sydney for publio inspection. They hare been seleoted from the Dawn of Hope, Sweeney's, Little Angel, Deep-lead, Hokitika, JSil Desperandum, Manukau, Williamsons, Kuranui Company's, and other, first-class claims. % These specimens, together with the accompanying descriptions, wo think a very sufficient answer to a question we have received from Australia — whether the whole of the claims on the field would average 15dwt. to the ton. This is » somewhat similar collection to that we sent to Melbourne about a month ago, and whioh were procured from the Harp of Erin, Bendigo Independent, El Dorado, Tookey's, Star of the* North, Quinn and Cashell's, and some few others in. different parti of the field. We believe that the public exhibition of specimens known to be front different localities on this goldfield will have more effect in dispelling the sinister influence of Coro,« mandel than volumes of reports.

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https://paperspast.natlib.govt.nz/newspapers/DSC18680711.2.4.1

Bibliographic details

Daily Southern Cross, Volume XXIV, Issue 3428, 11 July 1868, Page 2

Word Count
326

MESSRS. BEETHAM, WALKER, & CO.'S REPORT, Daily Southern Cross, Volume XXIV, Issue 3428, 11 July 1868, Page 2

MESSRS. BEETHAM, WALKER, & CO.'S REPORT, Daily Southern Cross, Volume XXIV, Issue 3428, 11 July 1868, Page 2