Canals And Docks

These offer but a limited area for investment.
They were formerly very popular with the
British investor, but rival interests and labour
troubles have affected the confidence in which
they were held, and the ordinary stocks are
mostly at a considerable discount.

Gas and electric lighting companies, trams
and omnibus companies, telegraphs, telephones,
water-works, &c., must all be judged by the
localities which they serve and the amount of
business they are likely to command. As per-
manent investments it should be considered
whether they are likely to suffer by supersession
or opposition, and if they are managed by a
trustworthy competent board of directors.

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