On the whole trading improved much during the week under review, resulting in a heavier average turnover, although periods of absolute dullness were of daily occurrence.
On Monday conditions were made more stringent by the failure of another local bank and sellers began to depress the market from the opening from $873 to $85050 but short profit-taking at the commencement of trading on Tuesday pushed it back to $870.80. Reports revealing Italy to be more determined in their present policy influenced an' unfavourable feeling here in the Gold Bar Market, the price dropping to the low of the week, $856.30. In the afternoon heavy, speculative buying on the part of some banks created a strong reaction to $872.70 at the close of the day.
Business was rather dull for the next three days, the range of movements being confined to between $865.30 and $875.60.
On Saturday news reporting hope of settlement of the Italo-Abyssinian, dispute produced a favourable feeling, in the market and caused short com= mitments to cover their positions, resulting thereby in an upward trend to $800.80, the high of the week. The market closed at $280.20 at the end of the week,
Text read from the printed page and cleaned; old type leaves the occasional error.