The Archive · 1934

Cly courtesy Dah Fah Yung Yesterday's Business

Commencing at a low rate on account of the substantial vise in she London and N.Y. silver. The market £1 @ U8Ts Us."$100 @ 3844 was uncertain during the first few minutes of trading.

The oficial opening, $9140, brought in a few bulls who pushed the price 383% to $917 by 920 am. At 930 oan. large speculative buying of Sterling and U.S% caused a sharp advance in the maritet to. $901 to fall off again to $926 on profit-taking, but the trend was distinctly bullish and with few minutes of the end of the ses-slon a large buying wave sent the price up to close at $044.80 and to continue in the auction after the loge when business was done at $003, The afternoon session opened with strong buyers at $952.50 but a Report was circulated stating that three leading Chinese banks had acquired 4 stabilizing fubd of $50,000,000 counteract further panies in the market, Paris—4 months' sight docts cosine nose This report sent the price tumbling! to $941.50 by 3 pin, but renewed Bona sft National City Bank of New York bam. the high was registered, Trading slacked off at the end of! the session and the market closed with sellers at $952.30.

ness was done as low as $946 and the auction after the close busi-closed at between 948 and $049, Week's Business Reviewed Tuesday's (Oct, 9) volume 12 brokers long-short holding Central, Bank of China London New York 2 spot ale sh Bar silver forward 35) Bar Gold, per fine oz. 73.1 "43800 Shanghat"yold bar basi $943.00 Customs: gold unit...

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

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