Shanghai, Mar. 10.
General:—There was no definite trend' in the stock and commodity markets last week, Due to the bal-lance' established betwe: n favourable and unfavourable factors day to day movements were not particularly' pronounced. On March 7, however, there was a sharp downward move: ment possibly caused by the, statement of General Johnson who intimated that he would urge industry ito about a 10 per cent. hourly infefease in wages and a 10 per cent. Jreduetion in the work week. Whereas general business news has been more favourable than unfavourable the clead of possible Government supervision still looms darkly above Commodity horizons. the industrial and the Stock and
spite of the expected modification of Fletcher-Rayburn Bill. Strikes in various fields of industry, notably the automotive, were outstanding Jamong the unfavourable features of fast week's news, It might be said that at present all markets are reflecting the state of uncertainty Sonne Intesets "the underling mess Interests, The and basic question as to whether Industry is. re-establishing itself [upon a sound or unsound basis is still the determining factor in the [minds of business leaders throvghout the country, The Market In Figures London, Mar.
Stock Exchange: With speculative interest expanding very rapidly the upward movement in practically all sections early in the past, week was resumed vigorously" and, although the approaching. settlement account had a modifying effect on the market and' a certain amount Jof profit-taking being encountered, the undertone on the whole is still considered good, British ght-edged securities, ama} also, to a small percentage Indian teans, were the outstanding features jin the advance. Foreign shares luetuated slightly, but both Chinese Jard Japanese issues came in. with renewed support, Other sections were fairly firm, goldminings pazticularly attracting fresh attention.
steady.
Rubber shaves generally ruled very Foreign Exchanges: Quiet conditions prevailed throughout the past week on the London foreign ex-Jchange market and price movements were mostly narrow, the only event during the week egg intervention of the Equalisation of Exchange Fund which offered francs freely. 'This, however, was only' temporary, Chinese and Japanese Fates were quietly steady, Money Murket: The small sup-lies available were fully absorbed fand, with the heavy Stock Exchatige settlement account, borrowers again took Clearing Bank money at one per cent, Discounts Market: the ineveased willingness om the Firm, due to part for" holders. to part with bille-= mated' to: be oversold U.S, $15 mile] PI. Average The Speculators' position Is. esti-Mar 1
Text read from the printed page and cleaned; old type leaves the occasional error.