Show DALY VEST IN BOSTON How tho Present Dividend Is Viewed by Publishers in the Big Town The applications of the News Bureau of Boston are something terrific as is I revealed re-vealed in the following query loot one of its citizens and the subjoined answer by that publication Boston Nov 17 l103Cnn you give me some Information In rvgaul to the Daly Weal Mining company 3s the company tee from debt and has the mine good ore reserves Can earnings continue at satisfactory satis-factory figures for several years The beet stock brokers warn me against it saying that paying such large dividends it should soli much higher unless there Is something very uncertain In tire mine or management Is It as 51 fo to buy as other dividend payers J W C Answer Suspicion naturally surrounds a stock which pays Its stockholders tn t > citrus In monthly dividends or 5780 por annum and sell for less than d10 or toll the price at which Daly West was thin week quoted At 31 Dab West returns over 23 per cent but yo far as We have been able to ascertain tin mine Is I conservatively con-servatively managed and has ore reserves blocked out for several years ahead It is earning finuiHX net per month against dividend reciultemtnls of lliOOOf C cents on 180000 shares The directors own CO percent per-cent of the stock The ordinary mining stock should be cx pcctod to ictuin the holder 10 pur cent and any yield over this Is ordinarily regarded re-garded us representing the risk In tire enterprise Tim market for Daly West ihaics is narrow any largo order to buy advances tin prlrc quickly any older to sell as quickly depresses It Uri > cannot recommend any mining stock outside of Calumet Hecla for investment al thcugh there are a good many speculations specula-tions such as Utah Consolidated under 27it or Ainalgzmnted under 37 That you may not misunderstand this we will airy that we cannot recommend as an Investment Invest-ment gold dollars at 75 cents because the I 5 pOI cent discount implies a doubt of the gold or he 1 dollar or whether you got It Daly West looki all right as a mining htock at SSO or 530 pOI shore It looks nil wrong at H and yielding 25 percent per-cent to the Investors and that Is the only out that we can ascertain tip to the present writing 11 somebody has a lawsuit law-suit a Hood of water a atrlko of minors or an > Ihlng else up his sleeve to affect this ptoperty It has not yet come to the frontDaly Daly cst Is essentially a silver pro ducer the balance of its output consist Ing of copper gold and lead l its earnings muat iluciuuie with the market for Its metal products There la no Immediate indication of a reduction In the dividend rate in fact Salt Lake advices arc to the effect that stockholders may consider an extra In December as a Chrfstnms gift Ore and Bullion In the ore and bullion market tim days settlements amounted to 570300 McCornlok Co reporting them as they follow American bullion 21200 gold bullion 310100 gold silver lead and copper ores 36600 In the metal market silver ruled at S7 cents an ounce lead at S350 per hundred pounds and casting copper at 12 cents a pound |