THE AUCKLAND BOOM. Auckland, October 8.

Otago Witness, Issue 2173, 17 October 1895, Page 18

THE AUCKLAND BOOM. Auckland, October 8.

Market sales : May Queon, 12s 6d ; Victoria, 2s lid; Grace Darling, 3s 7d ; Owhann, 7a id; Victor, 4b 3d ; Waitekauri No. 4, 33 ; Kapai-Ver" mont, 14a 6d ; Waitaia, 4s 8d; Golden Anchor, 2s Id ; M«»ori Dicam, S^ 10J ; Aorcre, 2i 5d ; Bunker's Hill, 7s 6d ; New IVkatoa, 3a. Buyers : Mivy Queen, 12s Cd ; Ali>!ia, Ca 9d ; Imperial, 2s 4d ; Whitcouibj Find, 3d lid. Mr A. D. Douglas has received a cablegram from Mr J. B. Pm Hie, of London, aa follows :—"Tokatea : Money and shares paid over in London, btar of Waihi : Will s'gn agreement for sale noxt week. Grnc*- Darling : Tliis transaction should be closed very quickly. Alburnia Kxt<*n.led :If New Alburnia won't accept terms with firm'fc offer. I am certain to put all of the others through. Tlio minc3 referieJ to aro th« New Wlnu, ilountaln Flower, Caliban, Oluues, find Freedom. Telegraph at once a definite answer." The Auckluod Freo Stock and MiDing Exchange has been opened. Considerable curiosity i 3 evinced in the movement, and thi3 in a large measure accounted for the great cro.vd of spectators which a^embled at tho optning. Sello» a? a rule a»-ked a fair percentage above the s- lliag values of fihares when the call of stock was made by the auctioneer. A cablegram has been received from London at the Britannia Company's office stating ihatimmediately on receipt of the power of attorney tho Britannia Company will be accepted on the terms submitted. Mr Harrißon states that the terma pent Home were:— An English company of 100,000 shares was to provide £15,000 working capital, and also refund £1501) to the shareholders in the Britannia, to whom will also be allotted 200,000 paid-up share?. At a meeting of tho shareholders of the Goolgardio syndicate, a cable was road from MrDavks, of Sydney, asking the syndicate to give him power to Bell the mine with a margin of from £10 000 to £20,090. He stated that he had received a conditional offer of £20,000, and a gentleman had left to inspect the property. It was agreed to cable | to Mr Daviea that, providing be acted with ! good will and faith, he would be given power to sell, and that in case of the purchasers mentioned not accepting, tho syndicate would be williDg to open up negotiations on a lower basis. Ootober 10. The Herald eaya :— " We learn on good axithority that Dr James Black, professor of chemistry in tho University of Ot&go, proposes spending some, months between November and March on the Thames and Coromandel Peninsula, with the object, we believe, of prospecting and examining auriferous country aud reporting for people interested in mining in the couth, and probably, also, of reporting to the Government of the colony on tho recent mineral developments in our goldfields. It is not too much to say that Dr Black's visit will ha welcomed by everyone interested iv the prosperity of the Auckland goldfields, as it is always remembered that ha is really the fnther of the New Zealand mining schools and that he ha 3 always taken a most hopeful view about the splendid future that lies before us in this particular portion of the colony when our latent mineral resources are psoperly known. The starting of the Thames School of Mines was due to the enthusiasm evoked among the whole mining community by Professor Black on bis first vbtit, and to his unbounded belief of the richness of the mines at tho Thame?. Professor Black's name is well known in overy tuinorV hut from Cape Oolville to Te Aroha, and ho is sore to have a most hearty welcome both in Auckland and on the golduolds when next ho visits ns. It wIU no doubt be very gratifying to him to find his predictions regarding the importance of the mines on the Thames Peninsula meeting already with suoh ample fulfilment."

Auckland, October 11. The feature of the share market yesterday was a sharp rise in Butter's Bill, and the Welcome Find adjacent went up in sympathy. The former mine struck a leader, and got sp.iciin«ns from it. Tho money for the purchase of tho Victor property (Karangahake) has been remitted from London, and instructions, gent to commence worfc, The

Woiotahl (Thames) paid to-day its foity third dividond— 2. Cd per hlnro. Tho market is bride. Sulea : May Queon 13s 6d to 14s Cd, Victoria 3s Id. Tulisnian Us Cd, Victor 4s 9(1. Alpha 8-4, Wnitekauri No. 4 3s, Owbaroa 7a, Welcome Find is fo 5? Id, Bunker's Hill 10s 91 to 12j CI, Kip. {-Vermont Us, Try Fluke 13s 3J, V/aitaia 4s Gd. Buyers : down 48-s. Oclob r 13. At both meetings of tho Brokers' Aa-ooiatiou, yesterday morning, a fair amouut of business was transacted, though in most Btocks thoro appeared to bo a slight depreciation on Friday's quotations. Wnihi Souths, which were i-t indium at 2-? 3d yesterday. jumped to 2* 9d, businesa being douo at that figure, with no sellers under 2s IDd. Good busir. d & coiitiuued iv nearly all Ooiomandol stocks.-. Welcome Finds were sold at is lid and 5j Id, hut were slightly easier at the midday nipeting. Bunhet's Hill cold at 9s 3.1 and 9s 9d ; Hanraki No. 2 at Is 3d ; Harbour Viewd, Is ; Golden Leads. Is ; New Golconda, I*s Id and Is 2J ; and New Tnkatea, 3s. K-jpai-Vorm juts wore sold at 13s SM ; Taliomant at Us ; Alphas, 8s ; Victorias, 3s 3d ; aud City of Dunedins, 2* 3d.