By courtesy of S. D. Wany & Ca.
Wide fluctuations marke trading during the week ended July Gays of the preceding week when records were already being shattered right and left and the market 4 In the case of one issue (95 was soaring to dizzy heights, the Millions), movements went in maxi-week under review opened with a mum proportions and it was twie bang, literally, as buyers frantically suspended from trading. sought to have their orders placed Especially during the first two any price. As each issue climbed days of the week, trading reached more than one point and Disband-feverish heights. First the market ment three points and 96 Millions sus-rose steadily and unabatedly, placing pended, optimism was at its height the sharis in an unenviable position.
Immediately thereafter, the longs and 80 per cent. par appeared within easy reach. Such hopes were cruelly, were shouting for help as it slumped dashed to" pieces, however, for an, heavily in one of the strongest immediate "reaction resulted reactions seen for many weeks. The Tuesday, when the losses more than est of the week found the market wiped out the gains of the previous still going about wildly following day. Again 96 Millions was suspend: the momentum of the first two days, ed as it moved four points, this time alternating with gains and losses of in the opposite direction.
Substantial gures.
Wednesday found the market stilt 'After all the' excitement, the weak as selling was heavy, due part-market closed the week slightly to the longs setting off and partly' Tower than it did the preceding fo new short positions. Etratic trad~ week. It is expected that business Ing marked Thursday's sessions when will, gradually resume normalcy this both gains and losses were res week and the usual mild fluctuations istered with the former predomi willie recorded. ating. The market continued un-Despite the fact that only two steadily upward on Friday but with several declines among the list, notably 96 Millions which lost nearly proportions and 30 Millions was not one. point. Profit-taking brought Considered extraordinary' figure. about easiness on Saturday. when me Tolal turnover for the six days entire list dropped steadily by vary amounted to about 130,000,000. ing amounts, Following the unusual strength "Following is a tabulated report of which" characterised the' last three the. market:
Text read from the printed page and cleaned; old type leaves the occasional error.