The Archive · 1940

Shanghai Stocks

Yesterday's Business

Yesterday mornings session was again taken up with a certain amount of liquidation and short covering. This, however, seemed to be com: pleted at about eleven o'clock, when prices started to firm up, with the usual bargain hunting taking and practically no bargains offering. During the morning the most notable rise was that of Shanghai Loan, which improved to $28%. I. I. Trust reached $23 after being as low as $21. Wheelocks, Lands and Docks were freely dealt in, while in rubbers there was a distinctly better feeling, any cheap shares offered being quickly taken off the market.

Text read from the printed page and cleaned; old type leaves the occasional error.

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