The Pioche weekly record. [volume] (Pioche, Nev.) 1877-1900, 1895-12-05
PIOCHE NEVADA, THURSDAY. DECEMBER, $, 1895.

trebled. The number of stamps at
work is to be raised from 2, 500 to 5000,
and the yield of gold from e7, o0O,0
to e12, 100000. This enormous produc-
ton may, he predicts, be maintained
for the next quarter of a century, there
being ample material to keep 5000
stamps going all that time. In the CEN
ter of the Rand basin an auriferous
belt twenty-seven miles long and
about two miles wide has had it's con-
tents modestly appraised at ESQ.,, ,OO0,-
600, which, by taking in another nine
teen or twenty miles, may be raised to |
e70O, 100000. There is as yet only one
Rand, but Others may be discovered,
and if they should not be, the number
of secondary mines being opened up is
legion. Individually these may not be
important. but collectively they will
tell on the annual output. And it is
not new mines alone that are contrib
uting to the increased supply. I'M
proved processes are enlarging both
the yields and the profits of old mines.
The Rand itself owes almost as much
/ 10 them as to the energy Agith which it
b-.ss. lqsEss, sItuu neet, ''9tit lain differ
| ence between the short-livid boom of
1888 and the phenomenal boom now in
progress lies in single word-cyanide.
Mines which hardly paid to work when
they were first opened up. eight or
nine years age, have become dividend
payers solely through the higher power
of extraction now attained in the treat
ment of the quartz In some cases as
much as fourth of the gross income
is derived from tailings, and even in
rich mines these have been valuable
: subsidiary"
And almost at the same time comes
the information that the bottom is fall
ing out of the 'Kaffir' boom. In his
latest circular Henry Clews says:
"The great ''Kaffir" excitement has
reached the stage of distrust; which
means the stage of realizing, of des-
perate expedients in manipulation, and
of the beginnings of collapse Paris
has been on the verge of a debacle
: but the rout is said to have been stayed
by the intervention of the Rothschilds
"a story which seems improbable but
s nevertheless, appears to have had its
y effect upon the mercnrial nerve of thu
r Bourse for at least the time being. Th,
), London branch of the speculation
It seems to have been held in check by it
IS leaders, who, by their peculiar system
II of controlling the affairs of the com
e panies, have no doubt considerabl
J? power over the market up to a certain
IS point. But it is not supposable tina
d they will be either willing or able t
q take any considerable amount of stoc
t. from their dupes at the current grossl
W inflated prices"
IL 1t is, indeed, high time that reat
y ton should occur, for of all crazy spe
It. ulative excitements the South Africa
at has been the worst. In the first Sc
er enteen days of October there was
ig drop in the market value of the share
RS of thirty South African mining con
at panies of more than $50, 200, 900, al
as even then they were quoted at prize
's- which made an advance of $17b p
If cent. (e26O, 900, ,Oo0) over their mark
Sc value on September 30, 1894; in tt
to same time there has occurred dro
ce the stock of five South African oil
il mond, land exploration companies
IS over 100000, 600; also drop IN u
ut stock of three South African bank
IN trust companies of e27, 100000 And
N all these cases the stock is still +
higher than it was year ago and +
to higher than the actual profits justif
he Undoubtedly this craze has been larg
I'm lv created and maintained by t
ey efforts of gold monoinetallists to she
I'D rapid advance in gold producti'
lst which would be sufficient to furni
100 the world not only enough standa
TX money for it's business needs but al
We to form ''glut of gold The reltef
on ton of the wild predictions in pape
nd and magazines not directly connect
III with mining enterprises has created
he confidence in the masses that Tn
would never have obtained otherwi
er Indianapolis Sentinel.