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Show oo TINTIC CAMP AND EASTERN INVESTOR It should be encouraging to Utahns to learn that sovoral eastern markot students aie calling attention to the Tmtic mining stocks as good buys, but more on a speculathe basis than investment. It Is pointed out that tho leading Tlntios are dragging bottom, maiLetuIse, that the piopertles as a rule aie in first class physical shape and that the bujer at existing ranges does not stand to lose much oven should there be no foundation whatever what-ever to certain issues. The principal reason why tho Tin-tic Tin-tic stocks are not regarded more by the eastern market wiseacres as an luisoimtui, uvajuitt lueir large dividends, div-idends, is the lack ol certainty In these dhidends If the arlous companies com-panies would settle down to a permanent per-manent dividend basis then the eastern east-ern investor could placo his money with the reasonable assurance of getting get-ting a certain and, to him, satisfactory Interest roturn on his investment. " hen a stock is paying from 15 to 25 per cent per annum In dhidouda on tho existing markot range, tho eastern Investor marvols that the slock is so low, concluding as a natural nat-ural consequence that there Is nothing noth-ing to assure stability to tho stock and Its futuro profits. It Is not an easy matter always to place a Tintlo company on a definite dhideud basis. There are cases whore laige tonnages are developed and tho management is certain that for a definite period a given tonnago can be produced to guarantee Iven profits for shareholders, but thore are cases where a company may make enough to Justify 10 cents a share per month or per quarter, yet have no positive assurance that tho following fol-lowing dividend period will find the company equally well provided to duplicate du-plicate tho disbursement. Tho inlno may have a big body to mine ono quarter, while it may pinch out the next, but tho supposedly worked out mlno today In TIntic may bo tomorrow's tomor-row's bonanza. Most Tlntlc companies heretofore havo followed the policy of paying out dividends to the limit as earned, and not paying much attention to reserving re-serving a reasonable amount in the treasury for emergencies Tho reserve re-serve policy Is being followed now as a rule, and this Is considered far more wise. In time Tlntlc may impress the east more as an investment rather than a mere speculation, but nothing will bring this about quickor than a greater stability Indivldonds. |