Stock prices were held within a narrow range around the previous closing levels, but' sentiment was more friendly as a result of yesterday's smart final hour advance. Investment demand for high grade issues and speculative interest in utilities sustained the market in face of current German uncertainties brought about by the removal of Dr. Hjalmar Schacht from his post of President of the Reichsbank. News today was featured by the report of automobile production for the past week amounting to 90,205 cars, compared with 86,925 cars for the previous week. However, profit margins in some industries are still narrow, O.K, Silver Movements London, Jan. 20.
Silver movements in the United Kingdom, during the week ended January 18, resulted in a surplus of imports over exports by £12,00, compared with net imports of £125,000 during the previous week.
Coming from various sources, imports of silver for the period under review amounted to £123,000, of which £93,000 brought from France. Imports for last week totalled £21: 1000. including 272.000 from British India; £50,000 from the United States: £29,000 from Australia; and, £26,000 from France.
Exports of the white metal from the United Kingdom for the same period amounted to £111,000 including shipments valued at £59,000 to Turkey and £46,000 to Germany. Exports during the previous week totalled £88,000, including £70,000 to the United States—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.