| Show IV IF WAR WAH WERE DECLARED WHAT THE it if war were declared with germany in any the effe effect et would be to increase the consumption of the metals and oils this would cause causa a still further rise in the prices which are now ruling resulting again in in creasa profits and greater benefit to stockholders of the metal and oil producing com Dantes the public does not seem to have nearly grasped as yet the great intrinsic merit which underlies the coppers the the leads and the oil issues these are showing earnings at a very very much higher rate than their market quotation indicates never before in the history of the stock markets have there been so many opportunities of acquiring stocks to yield such a large percentage return on the investment as exists today perhaps one reason why full ull advantage is not yet being taken of 0 the dividend paying capacity of 0 the metal stocks Is that up to a very recent past the metal stocks have not been in popular favor investment in mining stocks was not considered conservative today it may be stated without cavil that the metal producing companies are arc managed on a more conservative basis than any other class of 0 security which the public has au all opportunity of purchasing the metal producing companies are practically without exception taking their stockholders into their confidence by publishing from month to month or at least quarterly the actual return for these periods not only is the production stated but the cost of production and the earnings are likewise made public this results to the stockholders of these companies being able to keep informed at all times ot of the progress of the companies business by knowing the actual cost of production in the various periods fluctuations in metal prices serve as a guide to the increase or decrease in the current earnings and the effect that the market price ot of the metal has on the market price of 0 the shares As contrasted with this the industrial companies including motor stocks stock and others published statements at very infrequent intervals often only after months have elapsed so that the stockholders are kept in the dark mining record denver |
