23 DECEMBER 1911, Page 25

The Investors' Pour-Shilling Year-Book. (Charles Letts and Co.) —This publication,

which is supplementary to the Financial Review of Reviews, is best described by its own sub-title as giving "full information respecting the 6,000 principal stocks quoted in the United Kingdom." Among the particulars given is the estimated number of shareholders in the railway companies. Our readers may have noticed that some of the correspondents of the Press who.play the part of jackals to great beasts of prey have been affirming that all the railways in the Kingdom are owned by some 75,000 proprietors. They are a small class and may be robbedwith impunity. As a matter of fact nine railways having their termini in London are owned by more than 350,000. Allowing for dupli- cate holdings, this proves the estimate quoted to be ludicrously false.