The Archive · 1935

WEEKLY REVIEW By Courtesy Dah Fah Yung

The market continued to be very dull during the greater part of the week under review, but on the ast two days violent Mucluations and jo range of movements were wit-

With no special news to influence the market remained quiet bo-tween $767.70 and $7940 during the' first three days, and the volume of business was well below normal.

The market opened on Thursday slightly higher owing to weakness in foreign silver, and advanced to $784.50 fon heavy buying by some well-informed. speculators.

'On Friday news of a fairly large locke of cash' bars being bought. by a certain bank influenced outstanding shorts to take cover immediately, advancing the market to $788.70 in the morning, and to $791 when the price of Bombay silver was reported fo have dropped 16 annas.

The market continued to be bullish on the following morning, and fast and erratic fluctuations were seen at last after a prolonged period of inactivity. Heavy buying on the part of some big brokers caused Tush of buyers, who forced the price sharply up to the high of week. $805, but with buyers satisfied the market settled down around $200. Monday Average, saturday ace Opening $16550 Highest 785.20 Closing $901.90 Lowest $7700 Highest Price $408.00 at 9.25 am. on Saturday Lowest Price $767.70 at 0.04 am. on Monday Members Bank Clearings Weanesoay, June 19, 1095

Dollars $4,903,000. [Transfer Dollars seccscss< $,696,00000

Total Clearings: $7:680.00000

Twumsoay, June 20, 1935

Dollars '$4.958,00000

Transfer Dollars Hasrz.00.0

Total Cteerings: '$9830,00000

Fmoay, June 21, 1035

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

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