THE SHARE MARKET.

Auckland Star, Volume III, Issue 610, 30 January 1872, Page 2

THE SHARE MARKET.

To the Editor of the Evening Stab. Sir, —The present depreciated and stagnant slate that the sharemarket has arrived at, is, in my humble opinion, the soundest argument for its future prosperity and permanent stability as a legitimate institution. The red-hot poison has necessarily graded into a cooler atmosphere, and will, doubtless, naturally reach that cool and calculating era when the "rubbish" market shall have been thoroughly overhauled, from which the legitimate speculator will commence to operate upon a more sound and solid basis. The "tip" system, which has hitherto so largely helped to extract the money from out the pockets of the tooconfiding public, i.e-, inexperienced fledglings, who were willing to believe that the Caledonian and other mines consisted of " gold in the lump ;" and who were, doubtless, willing to credit any fabulous yarn with respect to probable yields and prospective dividends, are now discovering that they have been duped and deceived, and made to pay for peeping into the sacred mysteries of " bulling and bearing," should, I think, be thankful if they still have enough blood— ergo, cashremaining unsucked, to enable thetn to re-assume that legitimate mode of exists ence from which many were withdrawn when the sun of scrip was at its zenith, in the vain hope of acquiring a speedy " pile." Yours, &c, ASGTTa.