THE WEEK.

Thames Star, Volume VII, Issue 2793, 26 January 1878, Page 2

THE WEEK.

(Ju_ the whole mining matters have been brisk during the past week, and a healthy tone has pervaded the ■haremarket, which is satisf ictory, as it can be taken pretty correctly as the index of the state of the mines. The Alburnia still retains iti position in. public favor* and indeed tb* ."^ reports from the mine are even more en- y couraging than last week's. Good gold has been obtained from the bottom level, which is in itself a circumstance of some moment, as it indicates pretty certainly that from the back of the drive to the , floor of the Whau level there is good | payable ore. It.is also a matter, of grata* litio'n that the older operations continue to yield well. The Black Angel Company have resumed operations—though in ;i a. small way it must be admitted—during the week, and it is to be hoped that some good wi 11 come of. it. Two other reefs hare been cut in the Nonpareil, and' once that the present opening operation! are oompleted we may hope to see thia mine figuring as a gold producer, and later on perhaps ai a dividend payer. The tribute recently let in the Queen of Beauty has bean attracting a good deal of attention lately, and shares in it have changed hands to the tune of £90 and £100, and we understand - that much larger sums have been refused. : With reference to the rumors that have been flying about lately with respect to unfair dealing on the part of the directors in the letting of that tribute to a party who tendered 20 per cent, in preference to one who tendered higher, it may be said the partiality, if any existed, is somewhat mitigated by the admission on the part of the directors that through some mistake the proviso, " the Jowest or any tender/ not necessarily accepted," was omitted V from the advertisement calling for tenders. However, though directors may have a perfect right to do what the Queen of Beauty directors have done, it is eertajnly rather unwise to do it, as to many minds it is apt to lead to the inference that there is underhand work. !