courtesy Swan, Culbertson & Fritz Shanghai, Aug. 4. General: After a three weeks period of extreme dullness, unimpresive railroad reports for the second) Quarter and a growing antagonism by business men to many of the policies pursued by the Administration, the news of Chancellor Dollfuss of Austria's assassination caused a wide break in all the averages,—tha Dow—Jones average for 30 industrial issues breaking 6.06 points for the day. Great uneasiness was exhibited both by traders and business men as to what the near future would bring.
Subsequently the market rallied] due no doubt in part to a gro feeling among competent observers that some new factor would soon enter into the situation which might! shortly change the complexion of the market. Many feel that President Roosevelt upon his return from his vacation will make a speech with bullish implications while a growing feeling that further currency Inflatign is an omnipresent possibility tended' to considerably strengthen' the security markets which toward the close of the period reviewed advanced somewhat sharply virtually cancelling the wide losses which were experienced due to. the Austrian crisis.
The Market in Figures:
Thursday
Text read from the printed page and cleaned; old type leaves the occasional error.