SPECULATING IN MOANATAIARIS.

Nelson Evening Mail, Volume XII, Issue 79, 5 April 1877, Page 4

SPECULATING IN MOANATAIARIS.

The Auckland Herald of the 220 d inst., gives the following picture of speculation "on ' Change" there. It W5-* ; 7 "Yesterday was ,a. red_ letter day on 'Change, the scene between the hours of 11 a.m. and 1 1 o'clock vividly recalling to the mind tho busy days of the Caledonian excitement, when Auckland was smitten with the scrip fever. Such a large number of ; persons inside the 'Change yesterday has not been witnessed for years, and the constitution 1 of ijb'e crowd of those who paced the boards is perhaps without parallel in, any ; e_^itement other than that pertaining to scrip dealing. From the tegular hanger-on of 'Change, who for several years has subsisted on goodness kn?j?g. what, to :our merchant princes, there was scarcely a single olass of sooiety absent, evea to the spinster who purchased . * ifew shares, informing her broker that if she made 'a rise' out of the^MaadataiariSi she would stand a better chance of getting married, as there were many, men; who might .marry, her if she ba_7 money, but looked Od the other aide of; the street now she had -littld or none. Even before the hour of~ receiving telegrams from the Thames it was evident to a keen observer that 'the 1 excitement of Wednesday W3S only Jjalled, JinC. that the news if favorable, wpuld .create; a demand for the Moanataiaria than pretioiiaiy existed; On the Company's telegram becoming known, that 10. wt -j of* rich specimens had been broken out, fibfdeffl "ec&rcely knew what to ask for their; shares, and one fortunate holder Wi°£Vp?eiWßd,- jocularly replied £_JO. t Done,', said the .buyer, .and, with -.fifcres standing at £12 the night before, tjie,, market Opened at £20, and advau ced until £&2 was reached for a small paroel; when the excitement subsided, etbd towards evening shares were easier, btit the temper of the crowd congregated : on 'Change was such. that nows of another lOdwt of speoimens would have sent the scrip to an almost fabulbtftffcfice."