Show AMERICA TO LEAD THE WORLD FOR YEARS TO COME A TO PROF C K LEITH chairman of A JL the committee on foreign and domestic mining policy of the mining and metallurgical society of america the mounting world demand for minerals has brought a more and more centralization of industrial power to the north atlantic countries the united states alone prof leith is quoted as saying is doing about forty per cent of the worlds work and its nearest competitor great britain about one quarter as much with a fifth of the worlds population the north atlantic countries are doing two thirds of the worlds work we see more and more clearly that the preponderant position of the north atlantic countries is not a mere passing 6 episode but is based on a real concentration of mineral resources of a quantity distribution grade and availability which can hardly be duplicated elese where and which assure primacy in heavy industry for hundreds of years to come HE LOCAL MINING STOCK EXCHANGE has decided THE to discourage dealing in non listed stocks by its membership hereafter companies desiring to give their shares a market standing and rating will have to make application for their listing and quoting and tell why in the application the stock is entitled to recognition in the formal market and that is good business if a mining stock is worth having if it is worth offering to the public as an investment or as a speculation even it also is worth being accorded sufficient recognition to enable a purchaser to sell when he feels so disposed we are glad to see the exchange make this move it should help to stabilize trading and give the institution a higher standing than it has enjoyed for a long time |