In the more speculative departments, price movements have been somewhat
irregular during the week, and industrial descriptions dealt in here and in the New York market have 'shown a tendency to react a little with some diminution in the volume of business. On the other hand, the outstanding feature has been the marked revival of activity in rubber shares following upon the jump in the price of the commodity. At the moment the position would seem to be that following upon the removal of the rubber restrictions in the matter of exports from rubber-producing territories the effect upon visible supplies of stocks has been much less than anticipated, and consequently there has been a reaction from pessimism to comparative optimism. These conditions have been intensified by considerable activity in the matter of American buying, while as frequently happens in rising markets potential sellers of rubber shares have kir the moment disappeared. It is rather too early, however; to determine whether the recovery in rubber and in rubber shares is likely to make further progress or not in the immediate future.
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