RAND GOLDFIELD.

Colonist, Volume LXII, Issue 15346, 9 April 1920, Page 5

RAND GOLDFIELD.

LOW-GRADE MINES FACING A

CRISIS,

(Australian & N.Z. Cable 'Association.!

Capetown, April 7. Last year's crisis in connection with low-grade mines, which was averted by the rise-in gold values, has been revived, owing- to the sudden drop in the gold premium. With the value at 110s, last month 5s said to have been one of the most disastrous in the history of the industry. The drop m the o-old premium wns due to the improve.nient'in the trade position in England and the large exports of gold. If it continues, the opinion on the Rand is that many low-srrade mines will be. senouslv affected, and probably compelled to close.