AMERICAN INFLUENCES. : In general markets the American factor has
continued to be the most important influence, and New York interest sud-
denly shifted round to Oil shares, while some of4ts faVour- ites have been allowed to languish, although the Hydro' Electric group never seems to be -left alone for very long. In purely Home Industrials the Electric Equipment group has spurted on the Government enquiry into the possibility of electrification of railway main lines and the placing of further orders by the Central Electricity Board and by the Southern Railway Company. Railway stocks themselves, however, after a sudden spurt on the electrification talk, have again sagged away in the absence of public interest in the. market. More and more of the amusement boom flotations seem to be disappointing their subscribers and this week has seen sharp fluctuations in Photomatons and British Auto- matics. The report of the former is expected at any time now. The Rhodesian gamble, too, seems to be dying down after a big advance in the shares, which undoubtedly dis- counted prospects for a very long time ahead.
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