RAILWAY RESULTS.
Apart from the London Midland and Scottish interim statement, which proved a little disappointing to the market, the railway dividend and profit statements were pretty much in accordance with expectations, while, also as anticipated, the necessary powers have been given to the railways by the Tribunal to raise their rates. Nevertheless, the market for Home Railway stocks has been rather dull owing to attention having been largely concentrated upon the wages demands which have recently been heard before the Wages Tribunal. The weekly traffics of the trunk lines continue to be satisfactory, but it is recognised that the present demands of the wage- earners are, in their entirety, of a character calculated to absorb increased earnings and more, coming as they do upon increased outlays connected with the rising prices of materials.
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