The Archive · 1941

Minister of War, and Rear-Admiral Zénshiro Hoshina, Director of the Navy Ministry's Munitions Bureau

4 that under the present cir-E c ces supplies of both essential rials was satisfactory, Japanese lev set their minds at rest d point, the two spokes-asserted, hedg:

The spokesmen admitted that the supply was not wholly satisfactory, they said that they did not fore-any crists—Domei, A sharp contraction was witnessed on the Stock Exchange today, with values closing from fractions to well over three points down from yesterday.

Apprehension. over a co-ordinated push by the Axis Powers, coupled with the threatening tenor of news despatches from abroad had a very dampening sentiment on operators.

Good domestic business reports and attractive earnings statements were ignored by traders, who dumped their holdings overboard, with war stocks and recent market favourites heading the way down. Sellers were predominent, especially towards the close, with the final tone of the market weak.

The volume of business done showed a considerable increase over recent weeks, totalling 930000 shares.—Reuter,

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

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