[By courtesy Swan, Culbertson € Frit Shanghai, Sept. 26, After their steady advance during the latter half of the previous week, the averages faltered as they neared their former recovery peaks, and though the rails on Thursday' sue-Seeded in breaking through their 1933 highs, the performance. was not convincing inasmuch as penetration was by but.02 of a point' and on a turnover of only 1,190,000 shares, decrease of nearly 300,000 from the previous day's volume.
Individual Sues moved selectively, aviations being bought by London speculators While olls were in demand. on ex-pedations of excellent third quarter earnings reports.
Commodi ity prices were irregular. Lena Both Chicago and. Winnipeg wheat reached new highs. The demand from abroad is heavy while a lack Us of rainfall in Australia andthe Ar-genuine Is liable to reduce crops in those countries, Sentiment concern= ing cora was less bullish than formly though prices showed little change. Large hedge sales were sponsible for some heaviness on the cotton exchange but consumption Agures are very encouraging. Rubber was. inactive while traders Pol watched the European monetary situa-lon and awaited the next meeting of the restriction committee. No change quotas is expected.
Business prospects are viewed optimistically and the "seasonal autumn pick-up is now getting under-Way. Steel operations were at their best levels since 1951, electricity pro:
Text read from the printed page and cleaned; old type leaves the occasional error.