Owing to the closeness of change: over which takes place on Wednes. day morning ut 10am, the market opened in the morning at $954.10 in spite of firmness in London silver and a rise in N.¥./London cross rate. Soon after the opening bears! managed to get control and gradual ly forced the price down to $950, bulls rallied at this point and Pushed rates up again 10 $952.40. Later bear raids again caused weakness and prices fell off reaching the low point, $948, at 11.55 am, A slight reaction cosed the market at $950.20.
The afternoon session opened at $949.60, dropped off to $948.50 within half an hour. News of weakness in Bombay silver encouraged a heavy bull raid which carried the rates up sharply to $954. Later a further cable reporting strengthening trend in Bombay silver influenced a slight falling off of buyers but last minute shorts covering owing to change. over closed the market at $053.20, Estimated change-over $5 in favour of longs. ness. Reviewed *Neday's (Aug. 7) Volume. 9th '$12 brokers long-short holding $65 4-2 wrokers fog tet ort Sept 31 brokers having no poditons Wednesday's Volume. sam 'SIL Brokers long-short Rog a 430) 40-69 brok start holding Sept. me 43162 32 brokers having no positions These figures include Tis, 31,630,- 00 and $248,680.00 in Chinese Banks in which there "were 7,980
Text read from the printed page and cleaned; old type leaves the occasional error.