• ARGENTINE RAILS.
It is not, of course, at all pleasant for shareholders of the Argentine Railway companies to learn from the cables from Buenos Aires that the Argentine Government has issued a decree ordering the Buenos Aires Southern Railway to submit for approval, within a brief period, new tariffs, and the dis- quietude has been increased by the fact that at the same moment railway employees appear to be demanding increased wages. As a consequence of these rather disturbing repiorts there has been a material setback in the market quotations of some of the leading Argentine Railway stocks during the past week, but I am inclined to think that the reassurance given by some of the leading daily journals is justified. In this matter there is little doubt that all the Argentine Railways will act together, and after making all allowance for any possible socialistic tendencies in the new political regime in Argentina, it is only fair to' remember that, on the whole, the record of Argentine Governments with regard to foreign capital invested in' the country is quite 'an honourable one.
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