PUBLICATION OF YIELDS.

Tuapeka Times, Volume V, Issue 242, 19 September 1872, Page 5

PUBLICATION OF YIELDS.

Last week we commented at some length npon the probability during the summer of an increased prosperity for the quartz-reef-ing interest thronghout the district. In connection with the same subject, we desire to advance a few considerations which deserve the serious attention of managers of quartz claims, and, indeed, of all interested in quartz mining. Secresy regarding the amount and nature of work executed in the claims and the' returns of cruehings, is looked upon by most mining managers as rather to be ■ courted than 'shunned. There can be little doubt that this is a false and suicidal policy,—especially in the case of public companies. ' In j I the case of private' companies, perhaps the district alone Buffers ; but in public companies this secrecy operates not only to the disadvantage of the district, but to that of the immediate shareholder!, and the whole : of thejshare-dealing public. Now that Borne dozen registered companies exist in the district, it seems time that this practice of secrecy was abandoned. At present, all transactions in shares are conducted to a certain extent in the dark. Nothing, or but little, is known as to the amount of work already aceomplishe/1 in claims, or the prospects of further successful development. Information conveyed through the public Eress, has to be obtained often at secondami, and , therefore carries with it little stamp of reliability. In older eatab-. hshed • quartz-fields, it is the custom of working managers to furnish weekly or fortnightly reports of the progress of the work in the mine, which are communicated to the press for publication. By this method the public .are reliably informed of the actual amount of work done, and by acquiring knowledge of the appearance of the stone, Ac, become possessed of some data to guide them in buying or selling shares. We hope, these remarks will weigh with those connected with quartz claims in the district, and that, instead of endeavoring to. choke pub- , licity, every effort will be made to promote, I . it. The Elizabeth Company have set a good I example in this direction ; and we hope soon to see that example universally followed.-^. Cromwell Argu*. ,_ \ -, , j

Political Demonstexti(»i a* Gjhsymouth. —A Greymouth 'telegram, dated; the 7th, says :~" Messrs Whi& and O'Opiior were hanged and burned in .effigy last night, followed Dy a. torchlight prbcesngn^.rWiih, music, through the town. ' Groans' were given for Messrs White and ©'Conor, and cheers for the Fox Ministryand Mr Harri T skra. Similar., proceedings- .took, placet ,'«&, Ahaura. , Preparation* axe made for a like duplap at ftttfton to-night," .•''-..' t<