THE BOOM IN AUCKLAND.

Otago Daily Times, Issue 10424, 29 July 1895, Page 3

THE BOOM IN AUCKLAND.

Auckland, July 27. — The directors of t!ie Norfolk riiino, Taraua, accepted thw following terms today fronv the English purchasers :— £ij'4,o(ll) to be the capital,.the buyers to deposit £10,000 by way of guarantee and to provide £iO,llL'O aa working capital, half to be immediately available; the -Norfolk shareholders to receive ;21,'J45..-.shares paid-up, the Dunedin 7670 shares, 'Mia .Sunbeam and lCxcelsior Mi)o between them. — 'X\w Try Fluke crushing is 2370z of nold for four weeks.—Alpha shares rose from,49 to ss, owing to the raseipt of a tabli-gram .stating that th« sale negotiations were proceeding very favourably.—A cablegram ■ received to-day.-confirms the news of the floating of the Waitekauri; Extended Company in London.—A London ageut is negotiating lov the purchase of the Alpha mipo.'si.syndicate for tlie Sheridan (Tapu) mine.— Tut! Kaiinnga mitje's yield for the'nioiith's operations was 4730z (realising .£1372), from 50 tons, of quartz; .. <,

Our Arrowtown correspondent telegraphs:— "It appears that the leport that the Glenrock Conipauy, Macetowu, had stvtick a,new reef is without fouudation! Drivinf; ahead isstill being pushed ou, but so far-no stone Bas been niiit with;' Tliß weather forthepast week'hasbeen iritecsely cold, but fine in every other-respect;" -'.". ;■.,. . , In consequence of a mishap to the valve' spihrlle of the engine of the Duuedin dredge; no returu this week. Dredging will be started-oal Monday.'' A Greymouth telegram stiles that it is '-'now underatooa that the rteefton. mineu\vnew decline to ''t&tartaiu Mr Ziman's otter for several ininiug propertie'i. ■■''■"■■'■■'■■■ -' ■ -;"'::-: ■■""■?;::■::.- ".■■■■ ■>■■ ■>■•:•..

'1 he Dunstan Times reports :—" Hyde and party obtaiscd 2aoz lldwt (igr, value £H6 8s 3d, luat Friday, )9th inst., for a week's work. During the past \seek this party have been working some very rough jjrouud. believed to be an" old wingdam in the rivev, which cave a good deal of trouble to deal with. Some 10 men are employed fossicking on tlie hank of'the river opposite Clyde, and all ara on highly payable gold. It is taui that as high as ill per day is being made by some of the cliggijrs. The other day we were shown a splendiU sample of sold from fuller and ymtv's claim at the Mnuorhurn, the Prospectors' claim. AYe uutlerstAuri , from this claim the bottom V33h shosved Sdwt 2gr, and the top wash 3dwt 12gr, At present there are about 50 men working on the Manorbui n field."