Wairarapa Daily Times. [Established 1874.] WEDNESDAY, DECEMBER 4, 1895. THE MINING BOOM.

Wairarapa Daily Times, Volume XVI, Issue 5198, 4 December 1895, Page 2

Wairarapa Daily Times. [Established 1874.] WEDNESDAY, DECEMBER 4, 1895. THE MINING BOOM.

Timn: is n lull in the Auckland mining boom, for Auckland settlers seem to have put their last sixpence into the pool, ami taken very little out of it. Still, there is money to lie got in England, for carrying 011 the campaign, and the lull may be but temporary. Looking through the mining notes of an Auckland paper, the most cheerful item is one in which about four thousand pounds' worth of bullion is reported to he shipped Home. 11' mining waters arc troubled at Home, a little shipment like this will pour oil on them. Jn a review of the various mines, we Unci that one has " encouraging prospectsanother possesses "an excellent class of sandstone"; a thud, " a nice class of sandstone"; a fourth, a "line class of sandstone;" and a liftli has a new lode, which "looks well." It is on records of this kind, that the boom is sot going and kept moving, Perhaps our old friend Terawhiti is as auriferous as the average llasli Auckland mine, but Wellington people prefer sending their money up north to investing it at their own doors. The boom, while it lasts, is doing some good, for it is employing a considerable uumberof men who would otherwise be idle, and in places likeCoromaudel, tlio building trade is brisk, employment plentiful, and. progress and prosperity go together band in band, It is a comfort to know that there are available in How Zealand, one or two mining centres where prosperity abounds and where labour is in demand. The largo sums which are being invested by English syndicates in the northern mines, must, for some time to come, feed and augment, this prosperity. The mining boom is a splendid thing for New Zealand colonists if they have only the sense to refrain from speculating init.