DNAPIER.

Thames Star, Volume XI, Issue 3687, 19 October 1880, Page 2

DNAPIER.

This day.

Colonel Whitmore's Clive Grange Estate has been disposed of to Mr John Boberts, of Murray, Roberts and Co., for £50,000, which includes 4600 acres, with 1300 sheep, 250 head cattle, and the working plant. Col. Whitmore leaves for the old country at the beginning of the new year, and does not intend to return.

News has been received that the Poverty Bay Petroleum Company hare at a depth of 70 feet struck a vein of oil. These veins are like leaders in a quartz mine, and the manager expects to strike the main reservoir in about a fortnight. Dams are being erected to catch,the oil should the well overflow. There is considerable excitement about the shares, which are changing.-hands at 3s 6d, that amount only being paid up. If the Gisborne well turns up trumps, companies will probably be formed to sink wells in the southern portions of the province as indications of petroleum beds exisit within a few miles of Napier. Gisborne will probably be shortly prospected for gold as well as oil, as a rich piece of quartz has been picked, up among the metal carted from the river to make the roads. It was much water-worn, and other similar pieces'-of Quartz were found, but none showed gold.

The programme for, the Jockey Club's March meeting is out, and about £1300 is offered—the Cup prize being a fi?e* hundred guinea oup. '