The Stock Exchange closed an active and animated week with a steady tone. The increase in public participation has been very marked and all sections of the market, with the exception of fixed interest securities, have benefitted.
In spite of the slight setback in raw rubber prices, interest in rubber shares was just as keen as ever, and many shares made new highs. Prominent were Rubber Trusts and Langkats, and there were strong rumours in the market that the former will declare an interim dividend this month. Java-Consols were also actively traded in but the sharp rise attracted sellers.
Explorations at 7.15 featured the industrial section with buyers keenly competing and a very strong tone. It seems this stock will recover ihe dividend and bonus in record time. L L Trusts advanced rapidly to 5.06 and just as quickly receded to 4.80, while Loans were a firmer market at 6.70. Kaipings, in sympathy with London, continued on the heavy side with business done at 30%, while Wheelocks, after initial firmness, closed quieter at 38%.
The change some months ägo in the system of trading in the Exchange has proved extremely popular and has contributed towards a much larger volume of "business besides greater efficiency and service for the public.
Canadian $100 @ 160, 9020.51 Hongkong $76 -$100.00
Text read from the printed page and cleaned; old type leaves the occasional error.