Conditions on the Shanghai exchange market were quieter yester-The market opened with sellers to merchants at 61i for sterling and is for U.S. dollars. The interbank market showed slightly more steadiness, fluctuations being within narrow limits and there being rather more tendency to operate forward for June and July. Business was done at 6 1 and 13 for US. dollars for June, these being the high level for the day and 67, sterling and 12% US. dollars approximately the low level, The Shanghai Stock Exchange was the scene of another busy day's trading, a total of 327,000 shares and bonds being handled during the day. The demand for rubber shares was marked but most industrial stocks presented a more irregular appearance. Anglo-Javas, Langkats, Rubber Trusts and Java-Consols were heavily traded in at advancing prices. The strength of the rubber section was not so much due to the weakness of the Chinese dollar as to the receipt of information from New York and Singapore indicating favourable American consumption prospects and emphasizing that manufacturers could not continue for long their policy of hand to mouth buying.
Text read from the printed page and cleaned; old type leaves the occasional error.