London, May 17, Stock Exchange: Uncertainty Wall Street and the approaching Whitsuntide holiday have " restricted: the volume of business on the Stock Exchange during the past week. 'Apart from a slight set-back in British gilt-edged securities, however, the undertone of the markets generally has continued fairly good. Among foreign bonds, German loans recovered late in the week after'
ly dulness, The recovery here was due to growing hopes for maintenance of interest payments to Germany's foreign creditors. Chinese and Japanese funds are still unset tied, though the latter firmed up on. a revival of the demand revealing a shortage of stock.
The industrial section, on the. whole, was quiet. Some good fea tures were in evidence, however, notably, aviation shares, which firm= ed up towards the end-of the week. Rails were also a feature of interest, the shares firming up on Wednesday in expectation of more favourable traffic figures during the coming holiday season.
Elsewhere, a certain amount of interest was' displayed in the gold mining section which, generally, ruled very firm. After opening the week dull, oil' shares were favourably influenced by the satisfactory dividend announcements made during the week. In contrast to the ae tivity displayed. in the previous week, rubber shares ruled' much quieter.
Foreign Exchanges: Very inactive] conditions have prevailed on the foreign exchanges market during the week, with rate movements very harrow, Sterling had a tendency to be rather weak against the French frane, but intervention of control on' the smallest scale was sufficient to keep rates steady. Chinese exchange
Text read from the printed page and cleaned; old type leaves the occasional error.