Show LISTED STOCKS many people believe that because a stock is listed on some exchange that tha property represented by such stock is necessarily a mine such is not always the rase case sd niana aliv slot alna t culled on the various boards are not worth the breath the callar call r expends in pronouncing their names the listing of a certain stock is merely for convenience veni ence in dealing in the shares and to regulate the trading in such stock A place on the list of any reliable exchange ought to be a partial recommendation an assurance of good intention and a safeguard against fake promotion the listing of a stock does not make a mine but on the other hand a stock exchange cannot guarantee that every prospect on its board will prove a dividend payer it can however put the ban on many companies who use it for the sole purpose of unloading their stock on the public the rapid growth of the list on the local exchange has lately been the theme of much discussion among mining men one broker expressed himself as very much opposed to admitting stocks from so many uncertain prospects he believes that a company should have property that warrants the privilege of listing and not merely enough money to pay for the same other brokers believe that the more the better that a large list creates more bu business si and that the patrons of the exchange are well able to take care of themselves we think that the public should to a certain extent be protected by the exchanges A person naturally expects that a party of reputable mining men acting as a body under the name of a stock exchange will not be a party to fraudulent promotion but if an exchange will list the stock of any company that happens to have enough money to pay for such privilege what conclusion is obvious contributory negligence is equally as bad as active participation A company should bear investigation ti before it is given alven a place on any exchange |