The Archive · 1923

Influence on the Markets

Sept. 5.

The stock markets to-day showed an irregular tendency. Prices of Japanese bonds opened at a further general fall, but later home and American buying led to a partial rally. For example, the City of Tokio 1912, 9 per cent. Loan after falling to £71, rallied to £74, a movement that left the bonds two points up on balance. Dealers concluded that the fall in Japanese securities had gone too far.—Reuter.

RAW SILK MARKETS, New York, Sept. 5.

On the recommendation of the Silk Association of America, trading in raw silk has been suspended until the extent of the damage to the industry in Japan can definitely be learned. Most dealers in silk manufactures have also ceased operations. It is estimated that there is enough raw silk in-New York to last four five weeks.

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

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