The Diamond

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id. as against 71s. formerly. Premier goods dropped from 1 8s. per carat to 14s., and the big Transvaal mine cut down its production some thirty thousand loads monthly. The Diamond Syndicate did not renew its arrangement with the Premier to market the diamonds of that mine, nor did it exercise its option with the Con- solidated Mines on December 21, 1907, thereby terminat- ing its contract, and it is claimed on good authority, that contrary to the policy steadily maintained hereto- fore, of hol
...ding the market price of diamonds, it made sales during 1908 at a cut on 1907 prices. According to the Frankfurter Zeitung, the De Beers Consolidated made sales to the Syndicate early in the fall of 1908 at a 25 per cent, reduction.
Among the valuable items of information gathered by experience in the mines is one relating to timber. It has been found that California redwood outlasts any other wood used. Redwood sleepers after being ten years in the ground proved to be as sound as when 272 THE DIAMOND first put in, whereas those of Oregon pine, Puget Sound cedar, African yellow wood, and Baltic deals, were decayed and had to be replaced.


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