Show newspaper profits in london there was a trial before mr justice cave recently which if correctly reported shows what is the profit of the shareholders of the times sir adams bought one fourteenth of two thirds of one ninth of two sixteenths or 1 1512 of the times from mr brodie for on the assurance that this minute share was worth about 25 per annum according to him after ho had purchased the share he found it only to bo worth 17 a year on this he asked for damages the jury assessed the damages at 65 assuming this share to bo worth 18 per annum which seems about the average value it is clear that the net dividend on all shares is mr adams believing it to be worth paid for it years purchase the aury valued it at which taking the annual return at 18 would be 16 years purchase making the times worth this however does not quite correctly I 1 believe represent the value for amr walter as printer derives a large profit on an old contract this contract in point of fact represents what may be called preference shares while those of the shareholders may bo termed ordinary shares the value of the times being tho sum total of both london truth |