Bisbee daily review., 1910-11-27
SOUTH AFRICAN GOLD

The value of the mineral output | of Southern Rhodesia for August | was E2l6,5e2, as compared with !! 4214,015 for July. The gold was | valued at 9191,2 ,223, or e3,S10 less than for the preceding month. To those unfamiliar with the present l situation in Southern Rhodesia it 1 may seem contradictory that al though there has been far more ac- tivity the past few months than at any other time in the history of Rhodesia, and that while Rhodes ian mining properties are in great CT demand than eyer. the gold out put has declined steadily since last gold production was E2SS,3S5. The April return was E195.233; and for August, e19i,42s. The continued decline is largely due to the fact that the number of gold producers
 has fallen of greatly during the last seven months, as many proper ties then in the hands of small syn dicates and regular producers have i lately been taken over by wealthy
 companies. These large companies have suspended work at the small pants and have adopted policy of vigorous development to open
 the claims acquired and to prepare | them for larger crushing equipment. Another factor which has greatly
 months has been the closing down OF the mill of the Globe & Phoenix
 company. which was the largest pro l ducer in the country. This was
 necessary owing to the condition
 of the main shaft. The results Of
 recent development at the 18th and | 1Tth levels point to the persistence
 Of the orebody to great depth. and i thus far tn gold content of the ' vein is hiehe= at depth than nearer | the outcrop. Before the hanging up of the f1 stamps of this company ' the average monthly return from 1 January to June was about e30.O0p
 whereas in August the company's out | put is reported by the Rhodesia
 Chamber Of Mines for August: sil yer 19,SI2 oz. el9S5; lead e3.7
 tons eT01; copper 4.S7 tons. e21s; chromis iron GAS tons. e1S,S75, asbestos % tons, $500: coal IS, i94 tons, { S06O
 s nee the beginning of 1910 fully
 70 new Rhodesian limited liability
 conlpan es have been registered in London, Salisbury and Pretoria and new flotations are st.u being ;.n
 nounced. Never in its histo-y has
 Rhodesa attracted so many pros
 pectors and spectators and SO
 much capital as at present All over
 MatabeAeland and Mashonaland,
 agents of Johannesburg. Bulavayc, aissbury and London firms are IoI be found. and blocks of claims have changed hands at extraordinary fig
 ures Many fortunes have been made and men who two or three years agoI were struggling to make both euGs meet with a or 3-stamo mii. arel now wealthy and have left for ElropeI with hrge cheeks Sgnsd by well
 known South African magnates,
 Among the most important dca;s
 concluded of late were the sale of the Lonely m ne owned by Palac and Aseman to the Rhodesia Gold Mining & investment Co for 125,000 pounds cash and 75.600 ehares; tine Csarias mine to Abe Bailey for 55.010 pounds. and of the Colossus mine tO Mir.
 Arlond. cr Sat sbury. for about 30 1000 pounds. Other important transfers are reported in connect on W tn the Cam and Motor mines the A..ssSterp.ece. the Planot tne Bell. and properties in Enterprise distr-ct Nearly all these ventures have beeil
 foated as I'm ted liability eompan eS and n consequence two ,2r .hiee mil ions sterling in working capital has teen ra sed n South Africa and London for Rbodesian m nes. Among the best known South African mag mates who have recently invested largely in, Rhodes,an m.n'ng s R. K Eol ins Of London and Johannesburg who has acquired among other pro perties. the Bush Tick, a. big low grade property near Essexyflle, m Matabeieland which is to be equipped W th one of the largest S me plants
 n the world. and the Shankuru, P anet. and Dawn mnes in Mashona- land These three latter and certain other claims purchased by Mir Hol lins are beng floated. A new com pany has been reg stered in Sails bury wlth 9 capital of f350.00O and
 working fund of e15O.000 to take
 over work these mn which. al though they do not promise to de velop into large properties, are prom 1 is.ng ventures. The Bush Tick, how ever. may reasonably be expected