The Archive · 1935

GOLD BAR MARKET WEEKLY 'REVIEW By Courtesy Dah Fah Yung

With business practically at a standstill during the greater part of the past week, the market moved over a very "narrow. range, from $900.20 to $200.40.

At the beginning of the period under review with news reporting brighter prospects of an Italo-Abys-sinza settlement a slight upward

opened at $888 on Monday, about trend Was, tpparent. The machar higher than the previous closing, and advanced to the high of the week, $000.20, by 10.27 am. Wednesday but owing' to many. long commitments, who have been waiting for this opportunity, liquidating their positions, it began to go on a decline to $894.30, toward the closing.

Trading on Thursday was very dull, the range of movements being from $807.80 to $892.30. The market continued to be quiet on the following day, but in the afternoon heavy selling on the part of some specula ators forced the price down to $881.50 at the end of the day. Prodt-taking by shorts on Saturday caused the market to rally to $987.60.

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

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