CHRISTMAS GOLD RETURNS AT THE THAMES.

Grey River Argus, Volume XII, Issue 1393, 17 January 1873, Page 4

CHRISTMAS GOLD RETURNS AT THE THAMES.

1 .— ___ I The Thames correspondent of the Southern Cross writes : — The returns of gold that have lately 1 come in from the various mines are in the 1 highest degree satisfactory, and should 1 have a reassuring effect upon the market, and also tend to restore confidence in the resources and stability of the district. In . several instances the yields have far exceeded expectation, and those, too, in the case of mines which six months ago were looked upon with but little favor. Regarded from this point of view the Cure and Black Angel stand pre-eminent, the fine yield of 20310z lldwt melted gold for the former being followed by a yield of 14540z 18dwt retorted from the latter, this being nearly 500oz in excess of the estimated , return. The Golden Crown return of nearly 500oz was also excellent, and so were the yields of several tributes — to wit, Lowe's of Tookey's mine, 3740z ; Dunlop's, of the Golden Crown, 1360z ; Corne's, of the Albion, 150oz ; Messenger's, 48oz, 2oz to tbe ton; and the North Star, 660z. Dixon's No. 1 Company has also done well, 300oz, the produce of 150 tons, being lodged this morning. Altogether, 68910z of gold have been lodged during the past eight days ; and to this have to be added the Bright Smile, City of London, and Alburnia return*, which will probably swell the amount to well nigh 8000oz. This is what I term an excellent case for the field, and one of its best features is the faci of nearly every mine that has contributed being in full nrork, and with solid prospects of yielding well for indefinite periods. That prices have been so weak of late is simply the effect of dearly-bought experience ; speculators are shy of going in for what is to be obtained out of the market, whilst investors have lacked sufficient encouragement in the way of dividends to place sure reliance on any mine or mines. Hence the shyness of speculators has kept the market down, and in a measure compelled a great many persons who bought scrip in certain mines, with the view of making a profit out of the market, to for the nonce become investors, and they reaped an unexpected reward ; for have not two good dividends been declared with two more in prospective, one of them certain to come off— the Nonpareil dividend, 83 ; the Cure, 12s 6d ? And it is thought that the Black Angel will declare 14s or 15s ; and Dixon's No. 1, from 2s to ss. These dividends mean the distribution of a great deal of much needed hard cash. Assuming Dixon's pays ss, and the Black Angel 15s, the sum total declared in dividends will amount to Lll, loo, not an insignificant Christmas-box by any means.