The market opened with great expectations this week but felt much like Bleak House on Friday: on this, the closing day, however, a more cheerful spirit pervaded the Room on the start of the new Account. Ewos, the market leader, continued improving and touched 20.80, later a reaction set in and at the sound of the closing bell there -were buyers at 2030 and sellers at 20.40.
The same spirit of confidence was noticeable in all stocks including Rubbers, prices generally being above those of the previous day. Towards the close renewed uneasiness shaded off rates a little. As so often happens in this market, extraneous matters—this time the tension in Tientsin and its possible implications—intervened to upset the reasoned calculations of investors. The drop in the value of Chinese currency has a direct bearing on the value of shares. especially Rubbers, and so soon as political influences clear up it will again come to the forefront in determining prices.
Text read from the printed page and cleaned; old type leaves the occasional error.