24 AUGUST 1929, Page 28

The improvement, however, has also extended to English Railway stocks,

where the high yields to which I drew attention recently in these columns seem to have attracted the attention both of the speculative and the genuine investor, so that both ordinary and prior charge issues have shown a firmer tendency. The movement has also been helped by the better trade returns, while a further good feature lathe markets for home securities has been the better tendency displayed in the iron, coal, and steel group.