So long as a few leading industrial combines continue to
declare dividends and bonuses- on the scale of those recently announced by certain of the Tobacco Companies, it is not sur- prising that the industrial group—apart from key industries like railways and iron and steel shares—should remain favourite markets. At the beginning of the year it looked as though some of the leading tobacco shares were already sufficiently high, the £1 shares of the British American Tobacco Company, for example, then standing at 113s. 6d. the Impe- rial Tobacco at 104s. 9d., and Carreras at 131. Thanks, how- ever, to a still further increase in profits there has been a general advance, the British American Tobacco now standing at 127s. 6d., Imperial Tobacco at 114s. 6d., and C,arreras at 141.