THE MINING MARKET.

Dominion, Volume 1, Issue 116, 8 February 1908, Page 8

THE MINING MARKET.

' /vTr. Tliti ; busines^''done .■'.yesterday-:-was' .withiii i''£jMdprate:; conjpass..-f'Tahsnians, s o ld!;at>'ie2;l3s.; . > 3d'.,:;.Tiut :',Whims' were '■ wi I lioui, change. ■ :-.N . Zealand iCrown; shares ..'had vquittance.".at; Gs.; - 9d., apd Tairua Broken Hills at,'4s. 2d. The" b'&'ying and; selling quotations; yesterday; were. ..Bs,,nn.der y .. Buyers. Sellers. ;.Saleß.., >' h ' \ ' J! s d £ s'd £s d Talisman .. 212 9 213 3 213 3 Wnhi 811 0 810 0 - , Tairua,Broken Hills. ;0 4,..0 . 0 4 4 -0 4 2! Is'.il.' Crown : ... :—- 0 7 0 0 G 9 Ngatiawa — • ' 0,1 9; ■ :■- THE LONDON \ \LLOW MARKET .; :jv :: : This' - market ..continues ,/to, . i.,Bnd-;.'at .Wednesday's.:sale.- while; a .fair -per-,-■b6ntag6;"pf.' /.was;cleared,; ''rthe'.'only . change'iin value's' was a-; drop of medium", beef' tallow. 1 -'The-offer.iiigs! • aad sales,-togetherwith the price of medium' .qualities',-were as under:—•• ■ ' . . Casks ' .Casks Mutton, Beef, • '• •. ' ' ,offered.' sold., ,'percwt. pet'cff.t.. s d , s d

IDE BEERS CONSOLIDATED ■ The balance-sheet ■of this great-, diamond- - mining 'Company - for-the - veai .ended. Jlnie ,; . r !O,, 1907,"- exhibits , very striking 'figures..; During, the 'twelvo^'iribnths'-the diamonds produced-realised- ::; igG;'452 ; 59G ,vlos. - Ii: . total .-expenditure ~ amounted 'to i3,8-i5,35G; 9s: lid., .leaving; the : .'''net •' profifeat ! : os.'' 2d., , to which - has ,"to. •' bo added the amount .brought:: toward ; tho previous year, ,£757,G01G5. 7d.',';and ; the : in-; ' - cdme ' from'' lnvestmenls and ' other., eources.' -These. bringi.thb;eredit; : balance''up to. £3,482,623 >,lis.' ; sd,.'j', out' .of . jvhicli/tlie, sum .of ;is . taken for 'distribution..; The De Beers; Company spays";very -heavy;;amounts , in' tax#tion to the Cape .During'; thejast . session'of the '_Cape -'Parliament, an; Act .lyaspassed; taxihg diamond-mining andVcoppef-in'iiir, . ' liig.i'companies owning mines'-in. the colony,*; which earned profits.in excess of JSiSO,DOQ during' . the",year' ended. .Tuna: 30,- 1907;'"at:.'thd .Tatd'.'bf; dEIO, per centum of such'-profits;; this tax'-is- in; , lieu of the of vSiper- centj, . For-the .-.financial ~ year:,ending. Juaq:,l9oß,' it,,is"' expected,that tlie Do Beers; Company; will'.hayo: ■io ' pay - the';.. Cape Government JC300,000.: ,The ; . demand, for diamonds hte declined: iij. sympatl)^' with'.:tlie financial .dcprcssion; in , tho United;' . -'States'; .arid'.to^'^mcet;this'.'set backi'tho. output' ;'is' being■ restrictedand! the 'working:days havti . ' been' reduced' to five/: The . ber 31,1907, : have.been sufficient ,to adinit.of the. declaration .of ;a "dividend,;of..2o per.,cent.'.:on " thd;preference .shares,' : and, more .than that on the deferred, shares,' nftof , : vision for taxation and depreciation, but, owing :-to the falling-off in the demand fortdiamonds,only the preference dividend has been dc'elared.

Jan. 8 ... 1815 590 32 0 31 G Jan. 15 ... 1023 398 32 0 31 0 Jan. 22' ...j 1197 1J4 31 G 30 G Jan. 29 .. 1428 157 31 0 30 G Feb. 5 ... 1154 1028 " 31 0 30 0