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Stratford Evening Post, Volume III, Issue 346, 29 April 1935, Page 5

STOCK EXCHANGE OPENS AFTER HOLIDAYS

Press Association—Copyright London, April 27. The Stock Exchange resumed business after the holidays in a cheerful mood. The improvement which commenced before the recess was fully maintained, Gilt-edgeds steadily gained ground and industrials followed their 'lead. * Many increases in prices were recorded.

Largely as a result of satisfactory trading reports by companies goldmining shares have not been very active but silver mines have been in brisk demand following the soaring price of the metal. One result of the rise is to bring much old silver into the market for melting down. Ail sorts cf old family heirlooms are being brought out and sold to re-. finers who are paying 34d an ounce. The butter market remains steady for Australian and New Zealand but Continental descriptions are easier owing to thp decreased demand, the United States having stopped buying. Present arrivals from Dominions are large but the news that there has been smaller production in Australia and N T ew Zealand is keeping prices firm although stocks in cold store have risen to nearly 500,000 cases. TTie Easter holidays interfered somewhat with the trade in apples and pears and resulted in large quantities being offered this week, which affected the price to some extent. The outlook appears satisfactory as supplies from other sources arc rapidly declining and before long Australia and New Zealand will have the market almost to themselves.