" BULLING-" THE SHABE MARKET.

Auckland Star, Volume II, Issue 481, 26 July 1871, Page 2

"BULLING" THE SHARE MARKET.

It will be noticed that that "honest Iago" of the Auckland press, the Neivs, is now engaged in " bulling" Caledonians. In this morning's issue we are informed that . " The stone coming from the mine is wonderfully rich. Of course specimens are corning out by the hundredweight, the last as rich as ever." More than a ton of specimens," &c. " The show is splendid," and so on, in the same enthusiastic and exquisitely gushing strain. But do we object to his gushing ? Nay, on the contrary, ■we say let him gush, it will do him good. The Caledonian is nothing different in the real estimation of our contemporary from what it was during last week, when that veracious journal reiterated the oft asserted statement that there would be no gold and no returns for an indefinite time to come. We have got a further clue to the recent conduct of our contemporary, which more clearly explains the late extraordinary efforts to create a panic in the share market. "We learn from authentic sources that very large purchases of Thames shares, and a considerable purchase of Caledonians, have been made when the prices were at the lowest, by certain of the best supporters of the News. The required number having been procured, there has been uo reason for further bearing down the market; and now that the old yield of the Caledonian has been renewed, it is to the interest of those who manipulate the News to bull the market to the utmost. "We do not say that the present yield does not warrant the utmost that can be said of it; but to endeavour to excite a panic, and so bring ruin on the poorer classes of investors, and now to go into ecstacies so as to inflate unduly the share market, and so gather in the disreputable plunder, is such a prostitution of the pen, as is enough to make journalism stink in the nostrils of the community.