Depression in Melbourne.

Pahiatua Star and Eketahuna Advertiser, Volume 4, Issue 366, 24 January 1890, Page 4

Depression in Melbourne.

Tr»«lv in Melbourne. *nU< a eorroeprndent at the Twapek* Time*. after tbe eluenig of the last Exhibition bald there. bream* gradually torpid, phlegmatic. inactive . renU cant* doan. property decreased m value ; ilia railway n luma Ml five figures at a time : the receipts of lb* Tramway Company took a downward leap . rlmpsai.d boarding-liou-m, winch before the opining day bsd been temporarily in gaged at rnor m<>M rentals, presented i doolatr and f r-aken appearance, the over-sanguine tenants ih«r*<>f haring recently left to reek fields and pastures new in another roll ay, much to the disgust and dis minftturw of landlord*. wh.-e la-1 rent bill* bad not been li>|uidat<d. The re ceptH-n rooms <>f palatial coffee palaces, w 1»...e caiiar.ty for accomodation had ls*n tavsd to the utmost for months pest, now looked sombrous and tnelan* rl.i Jy, and b«re no visible traces of tl • •» bright scene* and bygone feat intis* which but a month or so ago lent their wall* and eonrons no gay an appearance. Thousands of persons, of I- ’h sale*, were thrown out of employt: • tit. ai.d some were disagreeably compelled to seek for work up country or It (ther 1 -'loniee . many of lbe-e were New Zeelaiiders. and they left Victoria in ib-.gust to return to tlicir uiuch deepis«d hula colony.