in View of Conditions: son of the U. S, Steel Corporation's lew Rich Seam quarterly report, which although good failed to come up to Wall Street's expectations, was the occa-/was $614,748.01, an increase in value! sion for heavy profit-taking on Wed-of $238,041.61 in our coal stocks durnesday and the stock market on this ing the year under review, day registered its widest decline for This accumulation has been due to single session since May 19. The the political uncertainty and financial selling was well absorbed, however, stringency prevailing in North China and "numerous individual issues, ' Gold Dus Tam glad to inform you that recent-especially the aviation and liquor ly there has been a slight improve-group, advanced against the trend. ment in the situation generally, and 'A moderate rally was witnessed on signs of more confidence among our' Thursday. Trading was relatively buyers. Added to which, Judging by heavy and the turnovers on Tues-the various enquiries we have re-day and Wednesday averaged ceived, and the preliminary orders we excess of 1,900,000 shares. fare executing, it 1s quite probable On the commodity markets grains that our export market will develop considerably in the near future. were strong with com soaring to a new high for the year. The grow-Besides the Far Eastern market, we ing corn has suffered such serious have for some time past. been' endeavouring to extend our market for damage from the heat that even ENGR rell,"end help feared trict Jump coal to the United States, and Europe. uch elle, and It lp 7 the "crop will amount to not more Norin'
Referring to our transport dimeulthan 50, per cent. of its normal tes, it is gratifying to be able to figure. Wheat advanced on bullish report that, after lengthy negotiation: reports from Ci and Europe. and since the closing of the accounts Cotton was reactionary on better considerable reduction in railway' freight rates has been granted. weather and estimates that the crop Po might be as large 18,000,000 bales. must here express our appreciation' fof the foresight and assistance on Rubber remained sluggish and the part of the Chinese National neglected.
Government to encourage the deve-Business activity continues to hold Revie Topment of the coal industry of China surprisingly well and though Sustpstttasegusensussesyssnesaesenses sous tg ERBANSE BSE Sse
Text read from the printed page and cleaned; old type leaves the occasional error.