By courtesy of Swan, Culbertson é Frits Shanghai, May 23, The long awaited ruling by the! Supreme Court on the Guitey Coal Bi Act was. delivered on Monday hough the six to three decision holding the measure unconstitutional was considered constructive Seemed to have been already discounted so that efforts of oer tradfers to start a rally in stock prices Droved abortive and the net result of Monday's and Tuesday's markets was a considerable decline. Trading, however, held at abnormally low figures averaging under the million share mark so. that the weakness appeared due less to urgent liquidation than to an almost total absence fof buying. interest. Wednesday's. technical rally was "equally uncon vineing as the turnover dropped to 800,000 shares. The business news continued favourable except for over~ production in the all industry but The public remained apathetic and some new development is apparently 'Headed fo revive Interest In the stock 'Commodity quotations fluctuated narrowly. and though an easier tone Alsplayed here, trading was Gull, "Beneficial rains were reported in some of the cotton and "The cotton market' ment selling which Is. estimated to Public serv. of mount. to 1,000,000 bales by June 1. Wheat until Wednesday was stag with the encouraging decrease in the Visible supply offset by poor mill Yemand but advanced on this day]
Text read from the printed page and cleaned; old type leaves the occasional error.