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THE Evening Star. PUBLISHED DAILY AT FOUR O'CLOCK P.M. Resurrexi. TUESDAY, MARCH 20, 1877.

The wonderful rise in the nominal value of mining property is perhaps hardly realised by those who content themselves with noting day by day the rise or fail in the price of scrip. Thus to some it seems of no great moment to record the rise of half-a-crqwn or five shillings a share, nothing, that is, of a very wonderful nature. They know it is a good thing for the shareholders, but that is all;. they bardly consider the immense increased value of the mine taken as a whole. To quote one instance, and the name of a mine that is in the mouths of many will suit well, all the Moanatairi shares, some 13,500 in number, might have been bought at their quoted price some three weeks ago for about £8000. The same shares now at their nominal value of £9 would fetch, if sold/over £120,000. We say nominal value, because it by no means follows that a man who buys a share for £9 really regards it as worth so much money. He may, and very likely does, buy it as a matter of speculation, but still that is the price set against it, and betokens the relative value of a mine at the short interval of a few weeks. At the same time there is the possibility that shares now nominally worth £9 may prove tb'.be good value for twice.that amountj by the payment of dividends from the produce of the mine. '

We record to-day two cases of larceny which, have come under the notice of our R.M., the punishment awarded to which will, we hope, act as a deterrent to others. We have before spoken of the annoyance caused by unprincipled persons stealing dog collars, fruit and flowers. We are glad to see that some of the culprits have been brought to justice. It may seem a small thing to take a bunch of grapes or a few flowers, but- the commission of the first crime, for such it is, may lead to many others, and if unthinking youngsters are made thoroughly to understand that they, .cannot do these things with impunity, the lesson will be advantageous both to them and the owners of property., : .'.":.:.... '.-„'- -. , ..■'■■:■■:■ ■■'

We? leayn that the Waitekauri Company's battery, will .sjarfc/with full force on stuff frono'• thecompany's mine on Monday next. The crushing dirt will be from the new level just opened, out, which has all along given proofs of being highly auriferous... •

The mine, battery and all appurtenances belonging to the/Tkirua Prospectors Gold : _ mining Company were sold by auction t6: day by Mr JamesCraig, at the Exchanger The attendance was large. GBidding commenced at £50, which Was followed by an offer of £75", and the bidding then gradually rose to £150, at which figure the property was knocked down to Mi* J. D. Wickham, who declared his principal to be Mr G. S. Graham of Auckland.

We are glad to learn that a beginning is to be made at once towards the extension of goldfields roads to be undertaken: by the County Council. ' Mr W. C. Wright proceeded to-day to lay off the gradients of : the Waiotahi road /from where it is already made to Punga Flat. It is believed that an easy gradient swill be obtained. The road is to be fourteen feet wide,, not metalled at present, and its formation will be let in small contracts to suit parties of men who may be temporarily out of employment at the present time. The outlay on this work will be conßiderable,lind the employment afforded should considerably relieve the market of any surplus labor. The County Council are to be commended-for their promptitude. Although the metalling of the road id not provided for, it is expected that sufficient: metal will be obtained to perform the work when required.

Thk union jack was flying over^the Moanatairi battery yesterday. It appears that some time ago Mr Comer, in "cdnversation with the directors, said he would hoist the flag when the company was out of debt.; Yesterday a telegram was received from the -directors congratulating Mr Comer oil'the splendid yield, stating that the liabilities were provided for and that there was £6000 to the good. Mr Comer then hoisted the union jack, and with others in the company's employ^ felt pardonably elated.

Titf fallowing medical certificate was presented at a Good Templars' Lodge the other sight in vindication of a charge preferred against a member of breach of his Templar obligation :—" I certify that — tried to keep his spirits up by pouring spirits down at my instigation and to replenish his store of animal heat while in cold water by mixing said water with alcohol in the shape of P. 8., also at my instigation, also to add to his exhausted strength by the same means.—Mac iin H. Payne." • ' "■'.:■<,. .: '■ ■ -

We would call attention to the fact that Mr John Leydon will hold his usual fortnightly cattle sale at the Parawai yards to-morrow at two o'clock.

As an instance of an honorable desire to make reparation for a fault committed, the following facts will be read with interest:'—About 12 years ago a. teller in the employment. of ' the! Bank of New Zealand, at Invereargill,;was the cause of the bank losing, a., sum*-of £240. The bank made, a claim for that amount upon the Colonial Assurance Company, in

which the officer was guaranteed, and the claim was promptly met. The teller left the service of the bank. Having succeeded in business, he recently sent tho bank the sum of £240 to make good the loss he occasioned them so many years before. The bank has since written to. the Australasian Alliance Assurance Company, of Melbourne, the legal representative of the Colonial Assurance Company, enclosing a cheque for the full amount paid by the latter Company, under the guarantee policy referred to.

Mb A. Aitken, County Engineer, has gone to' Ohineniuri to inspect works now in progress and to institute others for the improvement of the road. Several parties of men are now* at work repairing the road between Paeroa and Eomata, and some other places have to be seen to. Mr Aitkin returns overland so as to make a thorough inspection of the country.

We are afraid there are some dishonest people in the community. Yesterday a lady lost a purse containing some money —a shilling short of three pounds—which she could ill afford to lose. The locality where the purse was dropped was known, and the loser, on discovering her loss, immediately retraced her steps, only to learn that a man had been seen to "pick up something" near to the spot it was surmised the purse had been dropped. It does not say much for the finder that as yet he has failed to answer an advertisement of the loss, and it is scarcely likely this Will fetch him, but it rnafiwe the means of eliciting the self-, accusation that he is a mean fellow.

The Pan Francisco Newsletter has th& following complimentary notice of the rapidity with which the British telegraphists get through their work:—" The Burger Zeitung, of Berlin, makes a great to do over a telegraphic Teat lately accomplished in that inodorous capital! . On the occasion of the delivery of Prince yon Bismarck's speech on the Eastern Question, it says with pride, 38,980 words were transmitted in one night from the bureau in the Franzpische Stras9ei That, no doubt, was a great achievement; but British telegraphists exceed it in the ordinary routine of business, and leave it simply nowhere sometimes. One night during the last session, when the Bravo case and a great debate in the House happened together, half a million of words were sent; and, over and above that, twenty special wires at work trilled onwards to the extremities of the provinces an average of 20,000 words each."

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/THS18770320.2.8

Bibliographic details
Ngā taipitopito pukapuka

Thames Star, Volume VII, Issue 2559, 20 March 1877, Page 2

Word count
Tapeke kupu
1,322

THE Evening Star. PUBLISHED DAILY AT FOUR O'CLOCK P.M. Resurrexi. TUESDAY, MARCH 20, 1877. Thames Star, Volume VII, Issue 2559, 20 March 1877, Page 2

THE Evening Star. PUBLISHED DAILY AT FOUR O'CLOCK P.M. Resurrexi. TUESDAY, MARCH 20, 1877. Thames Star, Volume VII, Issue 2559, 20 March 1877, Page 2

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