THE AUSTRALIAN SILVER MINES.

Temuka Leader, Issue 1695, 7 February 1888, Page 2

THE AUSTRALIAN SILVER MINES.

In Sydney and Adelaide, but particularly in the latter city, the excitement has been intense. A telegram from Adelaide recently made the following statements concerning the boom, which though they may be a little exaggerated give an idea of the excitement: "Some people are actually and literally going mad about shares. It would be hard to exaggerate tbe extent to which the mania has extended amongst young fellows who have been steadily employed in drapers' shops, offices, and other places, who have left their regular employment at short notice, so that they may turn sharebrokers. One of this class has made nearly £20,000 in •less than three months; others have lost everything they had, and if silver shares were to suddenly fall headlong, they would fiud themselves loaded with debts which they could never pay in the ordinary course. of things. Some of the ordinary brokers are making money really faster than they can count it. One of them made £IO,OOO in one week, and two at least reckon their last year's earnings up to £50,000, at least aft«r that they grow tired, and average the amount. Such wonderful good fortune is'maddening. Just as proportionately bad luck in other cases is worrying others to death. Some of the investors have increased their original capital a thousand fold. A member of the Assembly, till lately a Minister of the Crown, has made £IO,OOO in one company alone. Another ex-Minister has cleared £3OOO in one transaction iu an hour. A certain prominent man in Adelaide risked a trifle and made £30,000 last week. One other man not so well known is £17,500 richer than he was a month ago, and a shrewd fellow, whose estate would have been dear at twopence in this month of last year, is now good for £40,000.