Financial Notes
ACTIVE INDUSTRIALS—A RALLY IN RAILS.
ALTHOUGH, as mentioned in another column, British Funds are closing the year in cheerful fashion, public interest continues to centre in the Industrial groups, and the amount represented by capital appreciation during the past year in some of the shares in groups such as Tobaccos, Gramophones and Artificial Silk shares must be very great. During the past week business, no doubt, has been stimulated by the fact that it has been possible to effect dealings for the first settle- ment in the new year, while imagination is also fired by reports such as that recently issued by the British American Tobacco Company and by market rumours as to the profits which are being made by some other companies whose shares have been freely speculated in during the past few months. At the moment of writing, however, not the least interesting feature of markets is the rally which has taken place in British Railroad Ordinary stocks, and it looks as though
that market was benefiting by the closing up of " bear " accounts at the end of the year and the opening of some commitments for the rise on hopeful anticipations of the results to be disclosed for the current half-year.
Previous page
