In spite of the largest weekly settlement in many months the market continued active and strong with Explorations and Lands particularly prominent. The former was dealt in very heavily and despite large profit taking sales advanced to $7.40. The May output of coal at 44,550 tons was favourably commented on and operators were confident of an interim dividend in the very near future. Lands rose even more sharply from 9.30 to 10. The reason for this sharp move was not easily ascertainable. Without doubt the rental position of this company has vastly improved recently, but talk of favourable developments in Hongkew where the Company has large interests seems like wishful thinking. I. I. Trusts and Yangtszes were steady at 490 and 7.70 respectively while Intascos continued to strengthen with business done at 8.90. Metals came into favour advancing sharply to $6.40. Telephones were a fraction steadier with business done at 100 ex dividend.
Rubber shares were quietly firm and apparently consolidating their recent gains. Tanah Merahs changed hands at 2, and Anglo-Javas at 16.70 while a good enquiry for Rubber Trusts persisted at 4.95.
The China Realty Reorganization scheme was approved by the U.S. Court, nevertheless, the paradox of the price difference between the Common and the Debentures continued to exist. At 28 cents for the 00 Common shares at which price there was a large turnover, the Debenture equivalent is Tls. 74, while business was done at Tls. 60.
Text read from the printed page and cleaned; old type leaves the occasional error.