GOLD SHARES.
Gold Mining shares in general have continued to attract attention for investment purposes, but the investor should realize that there is a vast difference. between an established gold producer, with ore reserves in sight which practically insure the continuance of dividends over a calculable period of years, and new mining ventures which hope to find gold. The former fall into the investment category, while the latter are necessarily speculative in the extreme, for the capital is sunk in looking for something which may not be there at all. Home Industrial shares and Railway stocks have also been disposed to pick up after their set-back, although, as Sir Josiah Stamp pointed out in the course of an address at Derby during the week, the time must be rapidly approaching when we must look to a revival of foreign trade for any further possible advance in trade activity, for there is now a distinct slackening in the rate of improvement.
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