TRIPLEX GLASS.
Making all allowances for the satisfactory character of the recent Report, the great rise in the £1 shares of Triplex Safety Glass affords a striking instance of the tendency at the present time to discount future possibilities. During the year ending June 30th last the profits of the company have practically doubled, that is to say, they have risen from £41,452 to £21,633. The company has a capital of £150,000, and a divi- dend is now declared of 20 per cent., which only absorbs £28,759, leaving nearly £24,000 to be carried forward, while, mainly as a consequence of share premiuins, there is a Reserve of £181,538. From this Reserve, therefore, it is proposed to distribute a 100 per cent. share bonus. It is, of course, these share bonuses which are doing much to stimulate speculative buying of some of the shares of new industries, and it may be that purchasers at the high prices may come home safely. All the same, the speculative risks should be clearly recog- nized. In the case of the Triplex Safety Glass the company would certainly seem to have a big future, though it must not be forgotten that there are competitors in the field.
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