THE WEEK.

Thames Star, Volume VII, Issue 2574, 7 April 1877, Page 2

THE WEEK.

| The interest in Moanatairis has not been so markedly displayed this week as last, and there has been an absence of anything like feverish excitement. So noticeable has this been that on some days the Corner has been as quiet as it was normally for some months before the Moanatairi rich find induced a spurt. The splendid yield of over 10,0 CD ounces for one week's work, a portion of which was lodged in the bank after last week's resume ap-_ peared, did not have the effect that might have been expected, namely, to send- up the price of shares, for they were little affected by it, but on Monday—which was a holiday with everybody but the brokers and those far gone with scrip-mania—what may be considered the top price of the week was reached, namely £20. There has not been the same quantity of rich stone broken down this week as last. Monday and Tuesday were occupied in doing necessary timbering, but on Wednesday breaking down was resumed and with

satisfactory results the quantity and qurlity of the stone being equal to former hauls. The yield for the week—which in reality only represents three days' work with a single stamper on specimen stone and an average of 27 stampers on general stuff—was banked to-day, and amounted to 443S ounces. This splendid yield seems- small beside last week's, but it is nevertheless eminently satisfactory, or should be except to thoi,e who have indulged in sanguine' expectations of a return equal to the last. In a few days over a month the Moanatairi has produced something like 27,000 ounces of gold, with every prospect of turning out equally good results for some time to come. To all who are even not personally interested this must afford satisfaction. So long as the gold is coming out of the ground there is evidence of an. increase in the material wealth of the district and colony, much more likely to conduce to substantial progress than a feverish excitement over scrip can do. A very valuable indication has been met with in the Fiako Company's ground. Forty feet from the shaft in a southerly direction, and in the lowest level of the mine, namely 456 feet, golden stone has been broken out. This is the deepest level at which gold has been got on the Thames, and as the reef is a large one, it is to be hoped that it will prove to be as good as present appearances seem to indicate. There is a large inflow of water, which has prevented much being done, but the piece of stone brought out and shown** iok day has good gold visible in it, and has evidently been broken off a large piece. !■'