GYMPIE.

Grey River Argus, Volume XII, Issue 1238, 18 July 1872, Page 2

GYMPIE.

[times to july 22.] .... The prospectus of the Monkland^and InglewQO.d ,,-. Gold,, Mining .Cpmpany appeared !ri last Saturdjiy's wsue^pr.the first time, and by 11 o'clock on, Monday morning there were 1350 snares' appliecpf|r by Gyrapie people above the number "(7soo) reserved by the prospectus for^Qaeenaland! On Saturday about 600 shares were taken up in Gympie ; and it became evident from the, opinions expressed oh a perusal' of the prosp«Sctus : that the local public had a very;high v rjpini6SHsrthe gro^d an 4 ; the ; enterprise generally, Subsequently, we learn*. B.ome.of. the. stone already raised from the Inglewood reef was inspect^dj'a favorable imprewion as to its payable qualities being the result; and, probably, this stimulated the demand for shares and caused the^fceided rush which took place on Monday morning. -Maryborough seems; to have acted with crtditable enterprise and energy, 4700 shares having been applied-foT byresidents of that town. In all, up toiyesday, there iwere 13,650 shares, or 6060 mo^e than reserved for this colony, r taken up. ' It is said that one applicant disposed of such shares as may be allotted to him at one shilling premium ; but we do not vouch for the truth of the statement, We give an opinion without hesitation that thepublio will, not have reason to regret their confidence in this elt^fp^se. The terms^ are very liDeral^cßSSiaeßng that the lease i* one; of the finest on the field, and, that a great amount has lieen expended already in the deyelopment of the mine. ■. . ... *■* •*• The BoWiampton Bulletin lately wrote : ". The winding-iipV one -after another, of our gold-mining and quartz-crushing companies is much to be regretiadl ; Andjhe more so because many of those conneSted with them are pers.uaded^ that with better management and a more, abundant Supply of capital, there won|4 bba^p|e^g9pp fay all the machines that have been introduced into this district. These, remarks are prompted by the, aSabuncement that the whole'of the riiiinhiery and other property pf the MorinisH Quartz-crushing Company is in the market, 'sndiif not disposed of priyately wiU'-besiibmitited at pub|ic aiic^ion early in August. We trust that there is yet a chance of .the machine being retained in the district, and that however great .the loss sustained by the present proprietors, their succesftbfs will be more fortunate.'' " — "" — *" A few pieoeß of stone, which showed good coarse gold, ; were taken out pKthe reef in No. 1 north, California, in jthe drive that is being carried in to the north j the indications are .very encouraging, and beingyery similar to those had just prior to j a rich find whioh took place come time ago, it is expected that another good patch will shortly be ineVwith; ; Another great find took placo in Kos, t

and 8, Monkland south, on Tuesday and Wednesday, when about fifteen powder kegs full of specimens were got from the wef j the specimetw were Really splendid, and, taken all round, were about the best that have been found in the claim since the owners came on gold. The holders have now a magnificent collection of specimens, the box, which is estimated to contain three tons, being almost full. In No. ,6 south, the owners, Healy, Lillis, and party, are driving on the Monkland northerly from their southern boundary, and are getting out payable stone ; gold is obtained every, time. ojuartz is broken down. On Tuesday very nice specimens were met with, and on Thursday good gold was visible in the face ; the driving is being done above the break— between the 180 ft and 190 ft levels— and thereof is about 3ft thick.