and engineering journal . ytouched on in the accompanying article. The new buildings jusf erected in Johannesburg andwhich are illustrated on the accompanying pages helpbo sound a note oi optimism in a town which is very draband grej a1 the present. Johannesburg; in common with every other place in theworld, is suffering seven l\ from the pr< vailing and universaldepression. The share market, which always is the bmeter oi the situation in the Golden City, after its fleetingactivity of a few weeks ago is igain in the doldrums, andpessimistic brokers are recalling the bad times whic
and engineering journal . ytouched on in the accompanying article. The new buildings jusf erected in Johannesburg andwhich are illustrated on the accompanying pages helpbo sound a note oi optimism in a town which is very draband grej a1 the present. Johannesburg; in common with every other place in theworld, is suffering seven l\ from the pr< vailing and universaldepression. The share market, which always is the bmeter oi the situation in the Golden City, after its fleetingactivity of a few weeks ago is igain in the doldrums, andpessimistic brokers are recalling the bad times which suc-ceeded the abnormal spun after the Boer War, when theprospect of leasing the Stock Exchange to the Municipalityfor the purpose of selling vegetables was discussed bj gloomy( perati rs. Scarcity of Cash. On all sides one hears that money is exceedingly for the moment is most difficult to obtain,and there are attractive first mortgage debenture proposi-tions which cannot raise the money they require at d per New Municipal Power Plant Sub-Station, 310 THE MINING AND ENGINEERING JOURNAL. Jburg, November •>, 1921. Yet in some quarters it is believed that there may be a moreor less active dividend market before the close of the yearand it is common talk that a settle nt oi the enemy share-holding difficulty is at last in sight. Position on the Rand. For the time being bhe mining industry on the Bandseems to be sailing on an even keel, but the price of goldkeeps at a considerably lower figure than it was expectedwould prevail, and is indeed at a lower figure than might rea-sonably be asked for the product of Low-grade mines workingat an abnormal rate of expenditure. It is scarcely con-ceivable that the miners can reallj be serious in their ridicu-lous demand as expressed by their leaders for a reversion tothe rates of pay obtaining previously to the recent protractedsettlement. Development work along the Eeef continues near future regain some of th
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Keywords: ., bo, bookcentury1800, bookdecade1890, booksubjectmineralindustries
