The Archive · 1936

Courtesy Deli Fok Yung

During the past week a fairly large volume of bars were transacted. Fluctuations were fast and erratic, anda much larger range of movements was witnessed. Rumours of issention between the South-West authorities and the Central Government and its oficial denial on the following day created a violent market on Wednesday and Thurs: day.

'The market was fairly steady on 'Monday at around $114, 'At the commencement' of trading on Tuesday the market was rather weak and a drop to $1130.50 was recorded, but later the tendency somewhat bullish, as large speculators began to buy heavily, the price advancing to $1144.20 in the afternoon.

War rumours induced a bullish feeling on Wednesday causing a sharp advance to $1148 at the open-ug, but later with buyers satisfied Jongs commenced to take profit, thereby depressing the price down to $1144.50 again. Toward the close the market advanced once more to $1146.20, Denial of the ative-mentioned rumours and combined with the nows of a large drop in the price of London Gold created a distinctly bearish feeling. The market went Qn a decline until $1137.00 was recorded. Continued weakness in the London old market caused a further drop to $1135.20 in the price of the fold ber on the following day. But on Saturday news reporting a rise the price of the Custom "Gold Unit and a weaker exchange market, influenced' renewed buying activi-tes, and the market advanced once more to $1140.70,

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

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