CORRESPONDENCE.

Auckland Star, Volume II, Issue 460, 1 July 1871, Page 2

CORRESPONDENCE.

{We are not responsible for our Correspondents* opinions.] MINING- INFORMATION. To the Editor of the Evening St.vi. ■ I &iii,—l am a shareholder iv the " Una. I was induced to become so by a telegram in the Evening News of the 20tli June, 111 j which it was said " They hope to have ah dividend of £2 for the next fortnight. _ I invented ala very high price oa the faith of this, and on the advice of a "friend," having just arrived in Auckland ; and I find that instead of £2 it will not be 25., and there is some talk of Is. 6d. Sir, I do not think it right for the Press in this way to mislead, and so do great injury to men of small meaus. The " Una" will be all right yet, but I would not have invested ab such a price but for this paragraph, which I have reason now to believe was wilful. Since this my attention has been directed to the style of mining information in the News, which, if I had then known, I should, not have acted so foolishly. I see in the News of the 13th April, regarding the Caledonians, " They have on the lire 1000 buckets amalgam." What was the dividend after this tremendous operation P In the News of the 2Gth May 1 read the following lucid information :—>" The main tunnel of the Kuranui Mill leader has been struck, supposed to be the, main leader." Who struck that tunnel ? and being the main leader, where did it lead to P Iv last Thursday's News it is telegraphed, "They have sunk another 100 feet in the Kuranui tunnel." This must have been information to the mine manager and the directors. It is wrong, sir, that such recklessness or ignorance, or worse should he permitted to make move perplexing the state of mining interests and the fluctuations of the scrip market.—l am, %c, A Suffereb. [Does " A Sufferer" take our contemporary'as his euido in mining matters.?, -Lf—no- -li«r slioula step down tolVtr. G-ar-lick's and buy Central Italys at eiglit shillings, according to the quotations in the- Evening News of yesterday, and of course repeated in the morning edition today—the Morning News. He will make a profit of nearly four hundred per cent., or if he stops down to Mr. Saunders he will be .-.ble to buy Caledonians at £128, as stated in this day's Morning News. The profits on these transactions will reconcile him to his joss on the " Una," which is really after all an excellent claim, and will perhaps make him feel more kiudly towards our contemporary. — £d. E. S.]