Shanghai, Dec. 28 Despite the stil" yenr-and adjustment of positions, stock prices have displayed a somewhat inner tone during the past week and trading has been. slightly more active, All tres of the Dow-Jones averages reistered not gains for the period thous rails advanced toss than the other two. groups onthe expectation that the Interstate Commoreo Commission would soon require a general eduction in passenger fares. Avtomobile. Issues, particularly Chrysler which reached "its highest quotation for six years, were once more the market favorites because of very ulllsh procvuetion figures for the fourth quarter. Oils were also stron and Aviations were especially in demand on receipt of large govern ment orders and the probability of additional " Nuying from Europe Dozens of now hills for the year wore sot by specially stocks.
Commodity prices also. Improves AMfier further declines. silver. steadied though statisticians estimate that a, 4 cent price level is necessary to discourage smuggling from China, Inevease In the domestic price to $1.2 an onnes ig regarded og not unlikely uring 1080, Hides fluctuated excatie~ ally but closed higher while cotton continued under the influence of tye pending Supreme Court decisions, The rains were off fractionally but the other commodities all advanced, General Musiness activity as meos ured by the New York Times Index more than regained ts losses of the Previous week and reached a new high for the year. Retail trade, has been extremely heavy and Christmas. uying was the larest for ye years Bleetrle power production passed the 2,000,000,000 Icilowalt hour. marke fo~ the first thine Ju history and automobile production was the best. since May though steel operations under= went the usual sharp seas traction, Lower court decisions continue unfavourable to New Deal Tegislation and the forthcoming rulings
Text read from the printed page and cleaned; old type leaves the occasional error.