27 OCTOBER 1928, Page 48

A RAILWAY DEVELOPMENT.

Although the market for English Railway stock still remains in a rather depressed condition, there have not been wanting some signs of a little fresh. buying during the past week, a good deal of attention being given to the arrangements announced for cloSe inter-working between the L.M.S. and the Gt. Western Railway. There have, it appears, been various agreements betweenythe two companies since 1863, dealing with pasienger and.fieight workings over various parts of the line, where the two companies touch. These agreements, however. have now been developed considerably to meet' the

changing conditiOns. _ - • * .*