"BOOM" IN THE SILVER MARKET.

Ashburton Guardian, Volume VII, Issue 1737, 11 January 1888, Page 3

"BOOM" IN THE SILVER MARKET.

■ — = ' — ♦ EXCITEMENT IN AUSTRALIA..

; ■;',(pffi PEBSS ABSOG'ATION.) ; . (Received .Tannery 11, 1 p.m.) '*.;■'. STDKBY, January 11. 1 There is a great v boom "m the silver market here, and also at Melbourne and Adelaide. The excitement here is most intense. Nothing like it has been known for years past. It was considered an extraordinary thing when .the Broken Hill Company's shares irent up to but yesterday they reached here, and at Adelaide they went two pounds higher. The greatest proportionate jump is m the Central Other mines, however, especially the Junction, are sharing m the rise. It is known that holders have "made splendid profits during the last -few. days, and the brokers m Sydney hire not been so busy for years as they were yesterday, whilst at Melbourne, > the Stock Exchanges' did the. largest. " ; business ever effected in' one day. Considerable excitement was also caused here by the publication m the papers of *news of the discovery of silver deposits at Fairfield. It appears that the existence of the deposit has been known for some time, but the discoverers kept the fact to themselves until they secured a lease of the ground. The average of 93 assays is sv *Bsozs"t6 the ton. A mining expert from' SUverton thinks there will be '30,000 people on the ground m two years. Fairfield is situated on the Clarence river not far from the Boorook filver mines. The Boorook ranges and district are well wooded and watered.