Nanking, May 31 'A. resolution calling for the cooperative marketing of domestic coal by native coal traders will be the: centre of discussion at the National Coal Industry Conference to open to-morrow morning.
#0] for the promotion of China's coat Called by the Ministry of Industry pros Stock Outlook: The ability of the averages {0 establish new highs since the April sot-back. accompanied by fan increase in the volume of trading, is encouraging. Cautious buying therefore appears justified by those who are under-invested though it is still possible that the current advance may prove to be only a reaction from the recent decline rather than a definite resumption of the upward movement, The behaviour of the market as it nears its April highs of 161.99 for industrials and SO4L for rails should be carefully watched for Some indication as to whether these levels will be penetrated or will constitute an effective barrier for the resent to further progress. industry, the meeting will be held at the Ministry of Industry building, vader the chairmanship of Mr. Wu Ting-chang, Minister of Industry. More than' Afty members represent ing the coal trade in China will attend the conference—Central News.
Text read from the printed page and cleaned; old type leaves the occasional error.