The Archive · 1934

GOLD BAR MOVEMENTS By courtesy Dah Fah Yung Yesterday's Business

Ignoring the comparative quietness jin the London silver market and the T3.s0 € ssi Eonar ez Weakness in. the cross-rates, local speculators were distinctly bearish throughout the day.

Opening at $989.10, after business was done in the auction before the official opening at $941.50, the price [sagged to $03730, but reacted again to the opening price by 0.35 am.

Later, bears' once more gained control' and by 1003 am. the price had fallen to $995.80," Profit-taking [pushed rates back to $937 but further bear raids, commencing at 11. a.m. $itrso once more depressed the price to th Vite low rate of the morning, $992.10, by months sight erediis months: signt docts months" sight credits 1 months' sight docts New York—demand 't'montne sight credit 0... 30ie Paris4 months' sight docts es. &94

Sterting us. Sat $2074 21 Shab $3065

Text read from the printed page and cleaned; old type leaves the occasional error.

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