The Archive · 1928

For the Week Ending March

3, 1928

The first half of the week was marked by the continued inactivity on the part of the gold dealers and by a subsequent reduced turnover} in gold bars and exchange transactions. Only on Friday, the andj instant, did the speculators show] animation, and within the morning hours they bought about 3 million yen, thereby imparting weakness to the' local market. However, their.

had -prastically. no effect on silver prices, and not even on' the yen cro On Saturday morning the Shanghai exchange market was inclined to become alittle firmer. Towards the close speculate ors sold USS at 68 for July delivery.

The export season is practically over. This time, however, there may be additional requirements on the part of exporters, because a good deal of cargo is in the interior and along river.

'With the commencement of spring'

'American Orfental Bank one usually witnesses at Shanghai fan increased demand for imports sau2iNo DEMAND Dears from abroad, but this year requires, csivao tex. $220.50 ments seem' to be smaller in siz Sip, e100 barr No large business in raw cotton has Fee, 100.00 eon recorded during the past 6 or ¥en 10000 8 months, and no substantial pro-

Text read from the printed page and cleaned; old type leaves the occasional error.

Your account