The Dorset County Express and Agricultural Gazette.
Dorchester, Dorset, England, 1871-11-28 00:00:00

It is estimated that the expense of laying out ll*
ironstone beds for an out-put of 300,000 tons yearly
will not cussed £6OOO, and that the cost of working sail
delivering into trucks will not average more than one
shilling per ton, u the ore is obtainable chiefly by
quarrying, and Gan be opened out auflisiently in three
months to deliver this quantity.
It is proposed to vend 150,000 tow, and also to
smelt 150,000 tons of ore per maim, subject to sash
deviations as eirouinstanses may render desirable.
The selling pries of the ore in Staffordshire la 6s. 6.1.
to 7s. • ton, and the total out (ealotalsted at 4s. Id.
delivered there) would leave • profit of 2s. to Is. 61.
per. ton...

-
Aceording to the accompanying report, the east of
producing pig iron from the ore on the spot will not
exceexl 30s. per ton, as the ore can be delivered late
the proposed blast furnaces at • lea. oust than eui now
be done Into any fttrnaaes in the kingdom, namely, at
about 3s per too of iron produced. Taking the price
of pig iron at only 456. (instead of 5.54. as now ruling),
It will yield a prodt of 15s. a ton, and by smelting
• portion of the ore on the property, mush aces
advantageous railway rates may be obtained, owing to
the return freights.

The net pro& it estimated would be as follows,
els :

From vending 150,000 boas of ore, at 2.. a to
From smelting 150,000 tom = to 50,000 tons
From rentals of land, Ise., estimated at ... 2,010

---
Total • £64,6a0
Which is equal to a profit of 30 per Nat. per annum
upon the prooored paid-op capital ; audit is II novel
and Important feature in this company that the value
of the freehold estate for agricultural purposes is equal
to about one-half the purchase moues.
This class of investment has been, hitherto, bat
little known to the general TAW* because kcal inn.
masters have, for the most part, monopolised the
enormous profile resulting from ironak se undertaking;
but several limited Companies which have taken up
this branch of industry are paying dividends ranging
from 15 to 25 per cent., which proves the very luridly*
nature of this description of industrial enterprise.
The demand for first-clam iron ores of all kinds
exceeds the supply, and prices have advanced word.
ingly ; and never before has there leen such an kunst./
given to ironstone mining. Tbe demand for pig-iron
Is altogether unprecedented; makers are, in maay
Instances over sold, and there is no probability of other
than • great expansion of business in the iron teed*.
An agreement has been entered Into for the parches*
of this property for the sum of £110,063 in emir, and
£28,000 in folly paid-up guru. • price whist' is two-
pence per ton for the ironstone, exclusive of the 'viral-
, hind value, and the lower ironstone bed.
I An offer ham moonily Wee made by one of the
rail-makers in the oonatry for 50,003 tons of pit=
to be made from this ore, at • very remunerative Wise,
Since the issue of this Prospectus the prise of Pig
Iron ham advanced to 665. • ton, which is doubts the
prise of the estimated cost of prodnelog it oa the
C,ompany's property. Cleveland No. 1 Iron this time
last year was 6016 61., and is now 661. • ton.
Prospectuses and forms of applioation for shares may
be had from the Bankers. &lichen, Broken, and else
from Fitanadof WlLLiame, Peq., at the Ofneee of the
Company. No. 75, Mark-Lane, London, and from whom
all further information can be obtained.
75, Mark-lane, London, November 18, 1871.

IFunerals Furnished and Conducted. I