The Archive · 1934

GOLD BAR MOVEMENTS By courtesy Dah Fah Yung

'Yesterday'

These figures include Tls. 31,140,- (000 and $249,690,000 in Chinese banks in which there were 7,980 bars, In spite of bearish silver markets in London and New York, the local selling feeling continued. Opening, price was at the comparatively low figure of $995.60 in view of the fact Mat the previous day's opening was 33% $994 and the rather large drop the price of silver futures in New! York when rise ex-rected, "The high rate' of the day, $996.7, occurred a few minutes: aster the opening. The balance o!

There were no movements £10,000 New York Tls. 3.610.000 the morning the market was. en-|{mports:—tirely in the hands of the bears. "$400,000 from Tsingtao Heavy selling commenced at about $00,000 yy Hula 8.10 am, registering the lowest rate 2,860,000 sycee melted and coined. $988.70 at 1150 am, Shorts profit taking caused a slight reaction near' the end of the session the noon closing being $990.

'2.210.000 to London Further profit-taking after the "465,00... New York official closing resulted in another York (838 dotter rise to $991.10.

The afternoon session was quiet, opening at $990.90. The fluctuations stayed within a dollar of the opening until the end of the session clos.

Stiver aug at $990.60, London silver came to: as Week's Business Reviewed 20 yd. ready and 20%; d. forward, as compared with 203%d, ready and Tuesday's (July 11) Volume 99809 20%d. forward last week, Broker's position on Tuesday: India bought. China [OBS sold) principally he latter bought and us. Srhal $2920 Ste. £1 Sthai $1713

American Oriental Bank Vs. $100 shal $255.5] Sie EY Star $ 1496

Vs. $100 Sihat $200.20 Sig. £1 Stal $147

Wallan Bank for China Exchange "anus 'The oficial rate is 1/4, unchanged ines from: last week. "it40 "The "Speculstors' position is estifacsand reed to oversold £1 million and Fam US88 millions yom... som] US 38 brokers having no postpone Selling TT. ina. US, saan, ggg] BAI 4 tes Wd USE Bi, Lire 3582 Swiss ra. 103

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

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