VICTORIAN PROSPERITY.

Inangahua Times, Volume XI, Issue 16491, 6 January 1886, Page 2

VICTORIAN PROSPERITY.

While various colonial cities are suffering from the enervating effects of r epresMOU in trade Melbourne is enjoying niidiminished prosperity, and this too in spite of the enormous influx of immigrants from other colonies where business is less active and employment is scarce. A correspondent writes : — •' As the influx lias now Mm«j on for seieral weeks, and till the new arrivals have come with the intention nf penuaiiently & ttlinjf here. it. Ims be^n the niHnnß of snstainii « the land f«»» er ; Iwchus** cnthiges in f h»* immediate iipighlioriiO'Ml nf the city Bud tenants as soon as they are Imilt, and thus speculators ar»» enrourased to go further afield ami spread th.ir purchases of l>uihling allotments o\<*r a still wider area. So far as I can h>nru, the new comers have been readily absorl>r<l, and the labor market apt fats to tie in a buoyant Condition. The building tra-les are B|>e.irtlly active, ami the hrifkmuk'Ts have more orders than they can execute for some tiny to come. Architects and auctioneers aiv j wonderfully bnsy, althouirh I «m confidently informed by s»me of the latter that the Saturday lnnd sales are 1 betjinnins; to dmg. Presently, perh«n«« I thetideof specirationwi'lbeoin toel'b.'