Shanghai, Apr. 18 The handing down on Monday of the Supreme. Court's decision concerning the Wagner Labour Act—favourable though it was to the Government—was welcomed by the at least ending the Ame uncertainty over this
weakness, rallied along'a broad front. measure tocks,. after early The recovery continued selectively the following two days though pronto toking tended to restrict all advances. 'A mild reaction occurred on Thurs-but the turnover of only 940,000 represented quite a. reduction in the volume of trading from even the previous low average for the period of about 1,800,000, "The commodity markets remained the relative index at its of foreign buying and on excellent new crop repens. Corn wag also heavy due to the arrival of Argentine shipments, Rubber was the worst lover, breaking widely on speculative Liquidation and an absence of factory buying. "Cotton however, held relatively well on underlying inflationary Business activity remained at very Goty, favourable levels with steel mills practically sure of near-capacity produc tion until July. The Wagner Labour Act decision was interpreted bullishly inasmuch as it doubtless means larger Income for labour, higher industrial costs "and consequently a continued wend in the direction of inflation, The market in figures:
Change wp 301 up at] Ge vp oft 252 Se 'The foreign tea firms and the Chinese ea hongs both probably re-liza the futility of the polley adopted' in 1934 and it would be Interesting to know their attitude to any. proposal for China entering the Interna anal Tea Regulation Scheme. Naturally the Chinese industry would have to know what benefit it would usin from entering the scheme. First Northern Pacific Commodity prices: gist Som Po, nest land foremost. the chief" advantage 8 would be that China would benefit from the greater stability of tea prices, which would follow her entry Into the ternational Scheme, "The whole system of control exercised by the Committee would be strengthened sites ey wih and a repetition of the fall in tea
Text read from the printed page and cleaned; old type leaves the occasional error.