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The Evening Star.

THURSDAY, JULY 20, 1871.

"For the cause that lacks assistance, For tha wrong that needs resistance, For the future in the distance, And the good that we can do."

Am. publications are liable to typographical errors, but if the whole spirit of a newspaper manifests a strong bias, and Errors iv quotations are persistently made, tending in the direction of this same bias, the confiction is irrewitible that the errors are intentional. .We have repeatedly drawn attention ;ip the malicious ', and false statements of our little coni temporary, the Evening Newt, in it»i

attempts at manipulating the share market. But the intention in the quotations in this morning's issue of that paper, of the sale of. Bhares yesterday, held by Mr. Cochrane, is unquestionable, as to demand special notice. It is known to our contemporary it appears, for it is stated by him that this system of sale by auction " is much complained of, the dread in the minds of many being lest it should prove, as it was two years ago, the harbinger of woe." The opportunity of improving the occasion was too good for the dismal soul of our contemporary, and, accordingly, not content with allowing the sale to appear " as a harbinger of woe," he must endeavour to carry out his spite againßt somebody, or his misanthropical spleen against society iv general, by untruthfully misrepresenting the prices brought. Somebody that is either too happy when he should be miserable, or has in some way crossed the path of our gloomy contemporary, has got All Nations, Nonpareils, Junctions, Prince Imperials, Long Drives, Belfasts, or Eureka Hills. Our contemporary has seized the opportunity of endeavouring to depreciate these properties, and has given a list of false quotations, every " error" in which represents the Bhares as of lower value than that at which they sold. Had this occurred in the ordinary share lists of the brokers, no evil might be anticipated ; but as auction Bales are not judged by ordinary rules, and strange results are often shown, the public—if there are people, who take our contemporary as their guide in share business- —would naturally suppose that these extraordinary prices are the real value of the properties, and that the sharcbrokors are in league to mislead. According to the Morning News Nonpareils sold yesterday as low as 335., when the lowest price actually obtained was £3 17s. Junctions are slated tp have been sold at £1, when the lowest price obtained was £1 11s. All Nations are qoted at 195., when the lowest price obtained was £3 19s. Prince Imperials are sot down as sole for 255., when they were sold for 455. Long Drives are noted at £9, when the lowest was £9 10s. Kureka Hills are quoted at £1. Gil , when the lowest sale" was 325. (Jd.; and Belfasts, which are stated to have been sold at ss. each, were actually sold at twenty times that amount. Having done his utmost to frighten small holders of Ualedonian. and Thames shares, our contemporary now ■ socks to create a general panic ill the share market, and produce tint general misery apparently ho congenial to his dismal spirit. Even with Caledonians our contemporary has not yet done, and in the samu issue thus delivers himself in enigmas. " Caledonian holders should bo careful. Some people who sold ala loss wish to buy at a much lower- figure. Reports not to be trusted.'' With the latter telegram we wholly agree, and we think there are few indeed who will' feel inclined to trust such reports, as those to wbii:h we have referred as conveyed for evidently malicious purposes by our doleful but vicious little contem-

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/AS18710720.2.8

Bibliographic details
Ngā taipitopito pukapuka

Auckland Star, Volume II, Issue 476, 20 July 1871, Page 2

Word count
Tapeke kupu
614

The Evening Star. THURSDAY, JULY 20, 1871. Auckland Star, Volume II, Issue 476, 20 July 1871, Page 2

The Evening Star. THURSDAY, JULY 20, 1871. Auckland Star, Volume II, Issue 476, 20 July 1871, Page 2

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