THE most marvelous industry in America today, from the 

 standpoint of large profit, is that of raising the silver 

 black fox for its fur. 



Years ago trappers and farmers in Northeastern Canada 

 discovered that this fox could be domesticated successfully. 

 The high value of its fur pelts frequently bringing several 

 thousand dollars each suggested to these folks of the fron- 

 tier that raising this fox would be a profitable industry. And 

 so it proved to be. ' 



This animal is scarce in its wild state. When its domesti- 

 cation had been proved profitable there came a great demand 

 for foxes for breeding purposes and prices went up. The re- 

 sult has been that early companies engaged in this industry 

 have been paying dividends running into hundreds of per cent. 



Last year 44 companies paid dividends as follows: Nine 

 paid 10 per cent, seven 15 per cent, two 16 per cent, four 20 

 per cent, one 25 per cent, three 30 per cent, one 35 per cent, 

 four 40 per cent, three 50 per cent, one 6.0 per cent, one 70 per 

 cent, two 100 per cent, one 105 per cent, one 150 per cent, one 

 185 per cent, two 200 per cent, and one 350 per cent. 



Young companies hold the bulk of their increase in foxes 

 for breeding purposes, which accounts for small dividends at 

 the beginning. The dividends paid by the older companies 

 indicate the profits in this industry when fully established. 



Breeding foxes has been brought to as certain and scientific 

 a stage as raising cattle, and it is infinitely more profitable, be- 

 cause foxes are prolific breeders and their fur is the most 

 expensive of 'all fur animals available to any extent. 



Our Canadian friends have quietly developed a great in- 

 dustry and kept it largely to themselves. This is a great field 

 for exceptionally profitable and secure investments and 

 Americans are awakening to the opportunity. 



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