Chungking, Jan. 9.
The importance of American and British "economic pressure" on Japan is stressed in a special article published today by the Central Daily News, official organ of the Chinese Government, Basing figures on Japan's import and export trade for the year 1938, the newspaper claims that Japanese exports to the United States during that year amounted to 17.3 per cent. of her total exports, while her imports from the "United States amounted to 35.7 per cent, of her total imports, Japanese exports to Britain in 1938 amounted to 232 per cent, of her total exports while her imports from Britain were 22.8 per cent. of her total imports, There is little wonder why Japan is so anxious to maintain normal trade relations with Britain arid the United States, the "Central Daily News" concludes—Reuter, New York Market Closes Irregular New York, Jan. 8.
Prices on the New York Stock Exchange closed irregular today, Experts say the job of appraising the future of the Stock Market at present is complicated by uncertainties regarding Congressional action on budget taxes, and the war situation. Some feel it is too early a¥ yet to analyze the market as a whole, though it is reported that many special situations are justifying the attention of investors.
Examination of last week's market shows the inability of the list to respond to moderate advances surred by investment demand. The market lacked the type of leadership that kindles speculative enthusiasm, Wall Street feels that until some outstanding piece of news of a favourable nature develops the market will continue to move within a narrow margin with light volume.
Demand was again centred on selected issues today and favourites eased with late selling.
Business news was favourable on the whole, but attention was centred on the Jackson Day dinners, at which some light is expected to be thrown on the third term issue. Market experts said that indications that President Roosevelt would run for a third term might have some' bearish effect on stocks.—United Press, Finance Company Share Value Messrs, George McBais Agents of the Shanghai Loan & Investment Ca., Ltd., announce that the statistical value of each Tis, 5—share of the company at the close of business on December 30, 1939, was $14.69 local currency, Silver Quotations London, Jan. 9, An advance of yd, was fixed for silver prices today, with quotations listed as follow:
London spot forward gold Jan. 8 Jan. 9
2143.
21%d. 21%4a, 168/~ 168/—
Text read from the printed page and cleaned; old type leaves the occasional error.