By courtesy Swan, Culbertson & Frits Shanghai, June 24.
General: By virtue of a sweep-jing' rally on Monday—the sharpest since that of March 25th when the Stock Exchange reopened after the banking holiday—stock prices. show Inet gains for the past week though irregularly was evident on Tuesday Jand all sections suffered an apprecia Jable set back on Thursday." Early in the week, the position of the U.S. Jdollar on the foreign exchanges was again the dominating factor. The report that a plan for currency stabilisation had been agreed to at the World Beonomic Conference caused heaviness on both the stock Jand commodity exchanges, but later denials from Washington that the [United States had made any such Jeommitments caused the dollar Jagain to decline and the - markets shot upward. The break in the final hour's trading on Thursday in the face of further weakness in the Jdollar was due to fears that France might follow the example of the United States and abandon the gold standard at any moment. Profit-heavy scale as und. their highs {or the year but this liquidation and also renewed short selling was ively well absorbed. Trading averaged above the 5,000,000 share fa day mark until Wednesday when ken eat Scale dropped below 4,000,000 shares.
The Market in Figures ome oun a wale de aaa Up 18 vp Interest rates were as usual call money at 1 per cent., 60 time money at 2 per cent., 90 time money at 1b per cent., al. ama turities of bankers' acceptances at, 4 per cent. and the Federal Reserve rediscount rate at 2) per cent. Gold stocks diminished by $1,000,000 to $4,317,000,000 but the reserve ratio Rose slightly from 68.3 per cent. to 68.5 per cent. Brokers' loans were reported at $11,000,000 in comparison with last week's figure of $818,- 000,000,
Text read from the printed page and cleaned; old type leaves the occasional error.