THE MINING BOOM IN SYDNEY

Ashburton Guardian, Volume VII, Issue 1750, 26 January 1888, Page 4

THE MINING BOOM IN SYDNEY

HOW FORTUNES ABB MADE.

Mo3t of the favorite Investment stock* have (writes the " Sydney Mail's " Melbourne correspondent) rlaen In vain 1 during the past yetr from 25 to 50 por cent., thetotsl appreciation being eittimaied at £12,000,000 ; and the broker*, most of whom are jobbers also, have done a laorallrj bn-'-'eas thfa year. One fi m presented ei«.;h f its clerks wih £100, and i^s coofideotial e'erk with £300 bb a Oil* rfrtTißs-box. Many perfona m this city c> found themselves wealthy all of a *udden, owing to the wonderful richness of the Brckan Hill Silver mine. A promoter's share of £10Q Is now worth £175,000, on account of the shares In blocks 14, 16, and 16, to which each Is entitled. All sorts of romanio stories a^e current with respect to the mere socldents upon which the loss or acquisition of fortune m connection with this mine has turned, Here ie one, the acouraoy of whloh I oan vouoh for. Tiro of our jeunesse doree were playing cards m a 01 ub which is rather noted for this sort of thing. One of them lost all hit ready moQ6y to his opponent, and a good de»l more m addition whloh he did not exactly know how to meet. He said "I have nothing to offer you but, some shares m a silver-mine m South Anst-alla, " Which are probably worthless," was the reply. After considerable demur, the^winner oomented toaocept them m satisfaction of I the debt of honor,, not without serious ( misgivings as to future o*lls. At this moment they are yielding iheir fprtunatu holder an income of £80C0 per annum, and the mortification and chagrin of the uniaoky c*rd player may be easily imagined.