| Show V I 1 MIN MINING Newt Camps ten and All on o STOC STOCKS 1 KS em Prices toe Led flashed Latest MARKEL R- R KE I SOLD C GOL iD FROM EOM RAND MINES Will WIL LAST OUT THE TUE mm CENTURY OU Lecturing turn recently in Johannesburg Lionel Ph Phillips 11 r tha o of the tlC Rand Mines Mine company mad tome Ing Ing- assertions ss regarding the tho future gold geld Ing productivity of ot too the Rand Raid He lie for It Jt an nn even greater grater ater role rolo and ami prophesied Ir would In last t nut out I sled sied that Its deposits 1 the century This el expert rt prediction tr-e tr for futuro a remarkable worlds world's of ot golu gob especially espe eizo- c- c daily daly In Sn tho the economic problems It promises prom prom- the News Bu flu- lies for tor posterity says sas reau The Tho span of f life thus 1 is much uch more liberal ie than thai earlier cst cst- esti esti- mates In 1 1901 1 John Hays Hammon lecturing at Harvard fixed a tenure of r t tat at nt least lesl thirty thiry j years as with wih gold Jold stIll BUl to com Now ow with ih th ii Jute te teof of or extraction much moro rapid under an output of a year Phillips multiplies mul mul- th the Hammond tl figure ro by three Before the tho Rands Rand's exhaustion a a gradual gradual grad grad- ua ual diminution of ot yle yield d is to be cx- cx yet ct with wih the persistence o of or the Hand fland and with the Phillips prophet prophecy t l cy of working down to feet reet H there here cre would o seem scorn sem to be Implied a n future yield of ot at least leaM or orn n a J basi-J tor mr forty billions of or banking credits At tho the moment the thc output I Is steadily mounting A A. new record Is 15 made b by bythe bythe the estimated July output or ounces comparing with wIh the previous high mark of or 63 in May rast st rt and an average crage for 1909 13 of or But there ter are aro evidently c limits to th expansion of ot output The he mines are aro ar handicapped by none too to plentiful power resources and more mOTe by Insufficient and Inefficient native labor Moreover the tho grade rade of ore or has ha been showing a a retro retrogression slon and also the profIts prof- prof Its Is as Indicated by tho the following figures fig fig- ures tires Just lust published covering operations of about 98 per cent of or the mines for tor forthe forthe the th first fIrst half hair of 1910 1010 w C ti tir e r- r x x 1 r i g 0 c g 0 g C I n Tons milled nov 7 6 7 Expense 90 10 Net ct As In nil all al gold camps tho tIme proportion or of low Jow grade ore treated has ha steadily rh rl rion cn This may be largely lar eb attributed to tol l metallurgical improvement which en enlarges enlarges en- en larges the tho scope of profitable treatment It means however cr a diminished yield II per cr r ton and with wih late lately rising costs cot also alson a n smaller profit How steady this tendency tendency ten ten- dency has b been el Is shown by the tonnage figures of or recent years 1 g 1 N c UIO 19 1903 66 1908 1907 1906 SS 90 2 89 z Esti matea The Rands Rand's vast future will 1 be that of a alow Tow low 10 grade low cost tamp camp with tho the yield per ton cut in two to from torn what whal It was before the fiber Boer war Nearly Nearl OGO 00 has been expended so far in equipping equipping equip equip- pin ping the tle twelve great groups of o mines In the Rand nand proper each stamp In use UC costing about abul When tho tue Boor Boer Boe broko broke out there thero r war were stamps dropping now there are arc ar O. O Before Defore 1920 tho the total Is Js expected to reach 18 DUO DOO But Hut Midas docs does not nol esca escape all 1 penalty It I Is la a sort of ot retributive justice that thal tho the Rand nand which so o largely hugel helps to force orce up the worlds world's orld cost of or living feels Its Us o n con consequently larger costs ns as 15 one ole oleo o of tho time limits to its ils Is profits each pound sterling of dl It pays means less lel In In purchasing power tho time more It 8 swells CIS Its olden golden Hood flood |
