SPECULATION IN TE AROHA STOCKS. (From Thursday's "Star.")

Te Aroha News, Volume I, Issue 24, 17 November 1883, Page 2

SPECULATION IN TE AROHA STOCKS. (From Thursday's "Star.")

There is jusb now a flutter on 'Change in Te Aroha stocks, attended with a rapid rise in values. Tho rich crushing returns fully Avarrant the change which has come over the mind of the investing public. The district promises to be one of tho best quartz-reefing goldfields ever discovered in Australasia. But knowing the fickle mind of share speculators, and the fanciful expectations which they are apt to indulge, we think it advisable to place them in possession of the exact facts with regard to the field, in order that they may not suffer disappointment and loss through ignorance. Tho position of the various mines at present is this : The whole of the crushing poM'er at Firth's mill — the only one on the lield — has been engaged by the Premier, New Find, Army, and Waitohi, each having a right to the exclusive use of ten head. The Army was not ready, and gave place temporarily to the Colonist, but the latter is liable to be displaced at any moment The mines which have engaged the battery may keep it going constantly, and vith present prospects there is every probability of their doing so. Mr Firth has gixen instructions for the erection of another 40 stampers to the battery, and Mr Comiskey is preparing to erect fmther crushing power. But the first of these undertakingh cannot be ready for three or four months at the earliest, and if the stone of the man} mines on the field possessed all the wealth of Golconda there would be no chance ot getting it out in the period named. Investors in other mines must not be impatient, therefore, or lose faith because the results are not obtained immediately. Hitherto holders of stock have been singularly patient, and have waited foi two years for the interest on their capital. Other must do the same ; but now that the ] Te Aroha reefs have been proved richly payable, abundance of capital will doubtless be forthcoming for crushing power, and the protracted delay for tramway and battery which tiie earlier mines have had to endure will not be repeated.

"The quickest courtship on record," said one old St. Louis resident, " was that of Dr Nick M'Dowell, who driving along the street in his buggy one day saw a beautiful girl standing at a window. He immediately stopped and hitched his horse, rang the bell, inquired the bell, inquired the lady's name, was ushered into the parlor, announced his own name, said he was ' pleased with her appearance, and wished to marry her at oncf\' Nothing but the knowledge that she was actually in the pfesence of the celebrated physician kept her from fainting. To her plea of ' surprise at this unexpected announcement, 1 he only replied, ' Now or never.' When she asked to ' take a week to consider,' he said, ' I am going down street to attend a critical case and have no time to spare right now.' ' Give me a day, then. 1 ' I'il tell you what I'll do. When I am through with this professional visit I'll drive around and get a preacher. If you've made up your mind to marry me by that time, all right !' and he left her breathless and unable to articulate another word. When he returned they were quietly ! married."