THE SILVER BOOM.
LARGE YIELDS.
MINING MANIA IN ADELAIDE.
FORTUNES WON.
[PRESS association.]
Sydney, January 28. The Broken Hill mines still continue to give large yields of silver, especially in the principal claim, and this week the returns have been exceptionally large. A large number of new claims have been pegged off, and in a few hours companies are floated to work them.
Adelaide, January 28. In the city a perfect silver mania has set in, and the excitement is quite unprecedented. A number of shopmen in town have thrown up their engagements and repaired to the field, where they have gone in for speculation. One of their number is reported to have made £20,000 in three months, but most of them have lost everything. One mining broker has cleared £19,000 this week, but should a sudden fall in the stocks take place, it means ruin to a large number.
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Bibliographic details
New Zealand Herald, Volume XXV, Issue 8963, 30 January 1888, Page 5
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150THE SILVER BOOM. New Zealand Herald, Volume XXV, Issue 8963, 30 January 1888, Page 5
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