Profit taking on the Stock Exchange today drove down values irregularly lower in late dealings after the list had advanced to new highs since March 30. The volume of trading lessened somewhat on the set-back.
Gains, which had earlier ranged to about one point, were reduced to fractions, and. in many instances, were substituted by small losses. Brokers attributed the decline to technical reasons.
London Silver Market London, May 10.
Messrs, Samuel Montagu and Company, in their weekly bullion letter, write After advancing on continued purchases by Indian Bazaars and bear covering, with sellers reluctant, the London silver market subsequently reacted during the past week on heavier offerings, and in response to an easier tendency in the Bombay market.
With the cash position closer to the American buying parity, the market may remain steady about the present level, but the undertone is rather uncertain.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.