Scenes of unprecedented activity and firmness were witnessed at the half-day session, and for the first time since the inauguration of the new system the volume of trading (nearly 250,000 shares) was so great that neither the recording of transactions or the ticker could keep pace with the flow of orders. The market's Strength was of course due to the Control Committee withdrawing support for exchange at 8/4d. and the consequent collapse in rates. It is impossible to pick out any special stock for mention, but it would be quite safe to say that practically every counter advanced and in some cases 5 per cent. or more, for example Ewos which rose to $20% closing at $2040.
In. the, rubber market frenzied conditions prevailed as this section is particularly popular with those who seek exchange protection for their New York, June 6.
Prices on the Stock Exchange today advanced from fractions to about 1 point under good buying, inspired by the recent lack of selling and continued good scattered business news. Steels were bolstered by the advancing scrap markets, whilst coppers continued to reflect the better tone of the commodity markets, Motors ruled firm on prospects of an early settlement of the strike in the Briggs Manufacturing Company's plant. The volume of trading showed an improvement, amounting to 600,000 sharesi—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.