Show Profits In Mining The Mining and Engineering Journal in its annual review of mining has some very interesting statistics concerning the profitableness I profit-ableness of our mining industries It remarks re-marks that many of the most profitable mines owned either by individuals or close corporations make no returns whatever of I dividends and therefore the public possesses pos-sesses only an inadequate idea of the profits derived from this source yet those of sixty four mines exceed 13000000 during last year The fact may also be added that I these sixtyfour mines have returned to their shareholders in the aggregate more than 100000000 The market value of thirtyseven of them at the close of the year was over 90000000 and their dividends divi-dends exceeded 11000000 or at the average rate of 123 per cent at the present market value of their stock The mining industry I was never more prosperous than it is at the present time In the face of this fact it I seems strange to many that mining stocks i are not in greater demand The frauds that have been perpetrated during the past few years under the management of adroit mining sharks have thrown discredit on mining properties in general but this is unfair to many valuable properties Mining Min-ing properties like other investment securities secur-ities should be judged upon their own intrinsic in-trinsic merits |