TASMANIAN SILVER FIELDS.

Wairarapa Daily Times, Volume XIII, Issue 4110, 11 May 1892, Page 2

TASMANIAN SILVER FIELDS.

A Depressing.Report,

The Tasmanian correspondent of the Melbourne Argus wriies:-' The wining market is about as bad as it well pan be. Shares have fallen lower than anyone ever ojipeeted, nor is there at present any prospect of a rise. Persons who thought Ihey were worth £IO,OOO this time last year are now bothered how to pay their calls, which come fast; and furious, and there is an oufovy all round, The truth is thattoomany ventures have been started more than the means at command car. carry out, and thus the resources oi tho community are sorely taxed, The opening pf tjie Strahan-Zee-ban Rajlway was looked to asabpn!; to be the beginning of a new era, but j experience shows that some time must] elapse )).efere rejjujts cap be realjsed. Tbe consequence is a jterrjble djwlino, whjpb seems likely to wntjnne for months at least, fjne or two sompa» nies,- moreover, are not at present shaping quite as well as was expected, whioh has of course made matters worse. However, large quantities pf ore are being got out from some mines ready for smelting, and if the yield? prove favourable confidence will bn 'restored and a gradual improvement will take place,. In tbe meantime we must live in hope, and the official reports warrant the hopes of the past still beiog cjaerishe^.