THE STATE OF THE MINING SHARE MARKET.

Te Aroha News, Volume VI, Issue 271, 9 June 1888, Page 3

THE STATE OF THE MINING SHARE MARKET.

Ths "Sydney Telegraph" says: "The public gencia )1 ;seem to have quite got o\ or the mining excitement of a few months ago, but there are still a great many who lu\e faith in the leading mines of the Barrio and are glad to seize an opportunity of buying at fa\ouvablo rates. The immense number of mining companies which have been floated ot late have abfOibed a veiy large amount of the funds available for speculations of this kind, and as the .>cup of many of them is piactically iimealisablc at present, this is an important factor in the depression. JUore impoitant still is the weakness of many holders who bought at high pi ices in an excited market in the hope of making a speedy profit, but who now find, themsehes compelled to sell on a slack market, profit or no profit, which means of course at a heavy loss. As legards this phase of the question it is reported both in Melbourne and Adelaide that many of the recent exten- ive bales have been ma.le at the instance oi sharebrokei'b at the risk and loss of clients who weie unable to complete their purclu^eb. All these things, combined with the disagreeable .shattering of unreasonable CNpectations and a very general desire to seek some other form of investment than siher shares, have led to o. strong desire to bell, whilst there has been no corresponding eagerness to buy. The causes which have inih.enced the piesont decline seem to be sufficiently self-evident, without resorting to the '" bear " hypothesis The "bears" have been at work, of com^e, and have been very successful. But we fancy it would be found, if all were known, that most of them have been playing the part not of malice prepense, but very much against their will. Of course the repeated falls which have taken place irom day to day mount up to a very serious total for the week. As compared with last Friday Broken-hill Proprietory show a decline of £20 per 16,000 th share, British of 25s per 240,000 th, South of £2 12s 6d per 100,000 th. Block 14 of £2 2s 6d per 100,000 th, Junction of 30s pet 100,000 th, and Coidillera of 25s per 100,000 th. Of the rest, Central Broken-hill have fallen 15s for the week, New North 11s, Mount Costigan 6s 6d, Lewis Ponds ss, Rising Sun ss, Victoria Cross 4 c s, Webbs 3s, and Eveleen 2s. The total amount of the decline in the shares named, if capitalised, represents i' 1,656,650., 656,650. The total drop within the last month would represent considerably more than twice this amount. — " Sydney Telegraph."

GAUM- X & CRANWELL are selling Fnrniluic and Carpets very cheap. Iron and Spring Mattresses ab greatly reduced \u ices. Bedding of all kinds ready tor deli\cry. Oil Cloths from Is. square yard. Linoleum from 2s 3d. Blankets, sheets, quilts, curbaiiib, and all furnishing sroodh splendid value. Wire Wove Mat tressos much cheaper than they used to be. A stiong' Iron Bedstead and Wire Wove Mat ti ess for ,"5s cash. Simple Iron Bed>tcad and Wire Wove Mattress for 38s cash price. Our goods are carefully packed, evo y attention paid to prevent damage by transit. Buy all your household goods from (JARLICK and CRANWELL, CabinetDiakers, Queen street. Auckland'