MOANATAIRI.

Thames Star, Volume VII, Issue 2608, 18 May 1877, Page 2

MOANATAIRI.

For some unaccountable reason yesterday the scrip of this mine took a sudden jump up to £11, and from enquiries made subsequently it appears that a rumour was extensively circulated, that the directors had resolved to extend the new level from the present depth of the shaft. There was also another rumour current, that it had been decided to put in a drive from the bottom of the winze. After the shares had changed hands at the advanced? price for several hours, they receded to £9. In order to learn the, cause :pf the sudden rise and fall, I enquired of Mr Comer if either of the rumours w«r«'true, and he replied that he had heard nothing of them, adding that if there had been anything in them he would have heard of it;, so that as far as it goes there appears to have been nothing to justify.the rumours, and it must be said that the whole affair looks like an attempt of somo unscrupulousparties to get the shares"up by false reports. I paid a visit; to 4he. mine to-day, and on going down the winze I founcUthat home, stone had been broke*'-out since my previous visit* on Wednesday last. . In- the bottom, of -the. -;-. winze there was about four feet of the reef \isible, but as the foot-wall is out of the winze, the exact width is not known, though it is probable that it ia about six feet thick. ~ It must notr be " taken, however, thr 1 this is all solid quartz, for the lode still carries ;a large I quantity of mullock. The,reef appears,' to be dipping more to 'the 'south/ and there wad ' a little gold showing this morning, and, : some niineral.is •scattered over the face. "Tnext Vent up to the stopes on the No. 9 reef* and .id, going-to the-middle stope (just about .over the run) I was shown a bag of-p-eMy fair specimens which had been shot down this •- morning. There would be about l^cw.fc of golden stone in the bag. The gold did not all come from the one spot, but from several places across the lode, and there was a good show' left in the face. The sinking of the shaft has been suspended -on account of the large section of the rope proving rotten, and the rotten 1 piece having been removed,.it is not possible to wind* to the bottom. It is for this, and for do other reason that sinking has been suspended. The rope was really., in , a very bad f state,' and I was' informed by several that' Had they known that it was so bad they would not have travelled in the 1 cage until it was remedied. The following is a copy of the telegram dispatched to Auckland to-day: —" 150 pounds -specimens frpm ; "V'idlft stope, No. 9 reef, add gold BttU Kshowiig in face. Good splats of gold showing^in new winze and reef dipping mote south.^' 55 dunces amalgam from single itatnpor. ; ■—Robt. Comeb." The following is ft copy of yesterday's dispatch :—" 201b* - specimens from middle ..stope on JNo. 9?* reef.—Robt. Comee." " ' !! TrJl Troscott and harty banked 3Qgzs 3dirta* o % • as the result ot their crushing finished ' to-daj.-r- ■ ■.•'■-■..<;..-. -r~ P ,"neo