By courtesy 8, D. Wang & Cor The Government Bond Market opened business for the month of JJanuary on December 29 inauspiel ously enough by suffering a sharp break, which was not totally unexpected in view of the New York holidays at hand. Lig ion both long and short us Joperators caused quotations fluctuate wilely for the next two days, which witnessed arker was closed for the: holidays (January "|1.5) the momentous happenings in the north took place. The capture of Shanhaikuan by the Japanese spread panic into the ranks of in-Vestors and speculators alike, and upon the reopening of the market all issues were sold short. heavily, resulting in a four point drop Jehroughout the list, and causing the temporary suspension of trading. The market continued to fall for the next two days, register further losses as high as 2.90 a day.
ith comparative quiet reigning in the north following the confirm motion of the fall of Shanhaikuan, the market steadied and advanced [slightly for three consecutive days. With a considerable portion of the losses recovered, the market became regular on Thursday and continued jin the same trend until Saturday when it again became firm. Nevel lobeless, the period covered ended with all issues down from 3.45: to 6.00. "The fluctuation in the same period was between 4.00 and 9.80,"
Disbandment. January, bore the brunt of the losses, dropping six points; but. strangely enough, the Febraary issue rallied strongly enough to wipe out completely the losses involved in the earlier decline, Tr fluctuated 9.80, but ended without [having either advanced or declined. Salt Revenue, Consolidated Tax and Both Year Customs were all down over four points, while all other issues suffered loises of over three points.
'The total of the transactions, in this period, not including Saturday, amounted to $93,000,000, represent ing an increase' of about 160 per feet. over the previous week, The outlook for the coming week uncertain, but, it seems that unless further' trouble developes in the north, the market will be firm, At current prices the Government Bonds offer extremely attractive returns for investors, and it, is likely that the less timid investors will be back in the market again to take advantage of these favourable Prices.
ning December 29 and ending The record of the period begin January 14 follows: seth Te Customs Open High
Text read from the printed page and cleaned; old type leaves the occasional error.