SOME HIGHER YIELDS.
By undertaking a certain amount of risk. the -investor is, of course, still able to obtain a yield of from 4i- to 5 per cent. or occasionally a somewhat higher rate, but to do so it is necessary, so far as home securities at all events - are concerned, to acquire prior charge stocks in some of the industries which at present are severely depreSsid, , such, for example, - as English Railways and English Shipping companies. These concerns would, of course, be among the first to benefit by any trade revival, but unfortunately the investor in these stocks, and particularly Railways, has learned by bitter experience how complete is the domination- of labour; so that to foresee a trade revival is almost to foresee 'at the same time a renewal of labour agitation.
Previous page