Shanghai, Jan. 13.
Courtery Swan, Culbertson & Fri ith the exception of the utility group which by virtue of a sharp advance extending from Tuesday reached its highest level since October 16, stocks continued fluctuate within the narrow trading range which has characterised their recent movements but displayed an encouragingly firm undertone. A wide rally which got under way Tuesday and continued on Wednesday recovered all _the ground lost by industrials and rail fennier during the period under review and despite some _profit-taking on Thursday caused the net results for the week to be gains in all sections. Business" reports were very encouraging and numer rous favourable dividend actions added to the prevailing optimism, One of the most encouraging developments wag the strength bond prices which reached' their highest levels since mid-September. The behaviour of this group. of securities indicates returning. confidence n the dollar and suggests that, at least temporary monetary stability is in prospect.
The Market in Figures Did. Average f Average for
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