THE WETHERSTONES CEMENT.

Evening Star, Issue 4941, 3 January 1879, Page 2

THE WETHERSTONES CEMENT.

The result of the first - crushing in the WetherstoneS Company’s claim, though not such as to fulfil 1 ho expectations of speculators is, however, by no means discouraging. The yield represents L 266 in money, and if the Working expenses, including interest on capital invested, amounts to L 233 or L 240, the margin left will yield a. fair dividend on the capital actually laid out, Which scarcely exceeds L2 000. It may be assumed, for the purpose of a rough calculation, that the company have actually worked for thirty days, employing twelve men daily at 10s each per day and paying for their waterpower at the rate of jLI per day. Future yields may reasonably be expected to be better as managers and men get better accustomed to the work. But independent of the profit ß to the incidental advantages to the district of the development of this particular industry will be very great. The deposit has been tested so fsr as to 1 ! show clearly that it will take ceritilrics to exhaust it. What is at present required is capital, and the individual shareholders are, generally speaking, unable ip spare the funds for erecting niachinery; It would be well for the present for a number of the claimholders to unite, Mid by fcefitfcig a Very powerful battery ia a

central jhaye Ihemeahii of tW< a uuifih&df tlidjcliinia, and in a verjvjshort tinvo vthe uiacliihefy would be kept; fully employed, it very email charge per ton (probably something less than 2s) would yield a satisfactory return to the; owners, of the machinery, and the working miners and shareholder*, most of whom are loeal men, would in most bases he satisfied with any surplus over working expense's in the meantime until they discover by actual trial where the best / paying deposits aro situated.