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Auckland Star, Volume XXIII, Issue 102, 30 April 1892, Page 2

1 The effect of the silver panic which has I prevailed during , the past few daye has been the working off of a further three million pounds or :-o in the market value of the Broken Hill mines. A month ago the total value of the Barrier fia7d as represented by the price of shares was above ten millions sterling ; now it aggregates only a little over seven million.--. Two years aj,-o the market price of the Barrier mines stood at over twentythree million*. So that, great as tho present " slump " is, it hats not carried away a fourth of the scrip value, which gradually di.- , ad since 180!). A recent cable nd , es bat an opinion has been expressed by London " Rtatht " that the pru-o hi silver will eventually fall to 'd-i o>l per <r/.. With anything like ■uicii a fall as this tho poorer mines would consequently have fco shut down jjh in the case of copper, and it Jμ pi-obniuv (he fear of that which is accountable lor • [resent panic. Ie has been calculate*! !a f silver went down to 2- (id pot" oz. i! i<. ,:-nds of the Broken-hill Proprietary ot; I'm- Iwsis of! the present output would fall from over j £1,000,000 a year to somowhere about! £300,000.