The Evening Star. PUBLISHED DAILY AT FOUR P.M. Resurrexi. SATURDAY, MAY 19, 1883.

Thames Star, Volume XIV, Issue 4484, 19 May 1883, Page 2

The Evening Star. PUBLISHED DAILY AT FOUR P.M. Resurrexi. SATURDAY, MAY 19, 1883.

The search for gold in the deep levels of the Thames mines still continues, and the success met with by the various com* panics which have shewn spirit and enterprise to carry operations downwards against very great difficulties, must be a source of gratification to them, and should spur them on to more fully develope the mines they own. Notwithstanding obstacles, which appeared at first, almostinsurmountable being met with, a depth of 660 feet has been reached, and gold has been found there, which should warrant further search. The water trouble is the most serious one, and every possesser of an interest on the field should endeavor to assist in overcoming this difficulty. We have before us the example of Victorian mining, and experience has proved there that very rich deposits of the precious ore exists at such depths as a thousand and eleven hundred feet. It took years to prove the value of these mines, and in Creswick tens of thousands of pounds were outlaid before shareholders had any return for the money they so pluckily expended. It is a pity that, in many instances, nervous men should speculate in mining, as the least apprehension of a full in stock, as a rule, means —as far as they are concerned—the creation of a species of panic, which results in injury to the concern they are in, even if only of a temporary nature. Of course every stock —more especially mining—is to fluctuations, but many holders would act more for the interests of their own property in the first place, and of the field generally, in the next; if they did not try to get rid of those interests so soon as the smallest discouraging news reaches them. The mining speculator who buys for a "rise"' to-day, to seil to-morrow, very naturally does not care whether the mine he invests in, successfully establishes the fact that there is untold wealth here or not; but the genuine investor who " goes into " a company for the sake of what the investing of his capital will bring him, should see that a very great mistake is made in rushing into the market to sell, if a report says that a mine's affairs are not of a roseate hue. To this system, may very often be attributed the sudden falls in the price of shares; as the cry once uttered is quickly taken up, and cannot be recalled. We have daily instances in our midst, of the effects of a rush of sellers, and the nervous man is certainly a bad buyer, but he is moat atrociously absurd as a seller. . There would not be so much dissatisfaction expressed—as the reason of it would not arise—if those who are in a position to indulge in mining speculations would not act in this vexatious follow-the-leader fashion. A slight " fall" should be studied, and its causes considered be* fore a rush is made to get rid of stock that is; going down, or likely to do so. We regret to see Buch a host of " sellers " ■—as are arrayed in the list of to-day's transactions in the market, and think that there is not the slightest reason existent to warrant such an apparent desire to "clear stock."