By courtesy D. Wang & Ca.
Se, Ghineee Government bond With the exception of one day,
the month of June which officially was normal daring terminated on the 20th. However, despite the general absence of unusual activity, the market was steady but sure climb throughout the four weeks resulting in North' China which sent the market Eyer since the peace reports.
Shooting up on the days imm
ere was consistent strength in the preceding the "May. settlement, market. It went steadily up a few points each week even under condi-ions of normal trading. On the first day of the second week, further impetus was given its upward movement by the-announcement of the conclusion "of a wheat loan America." On that one day, all records were shattered to the surprise fof even. old.timbers" who then {hoaght tha the limit had Been ren. a ter, optimism prevail:
and the sky considered the limit, This optimism has proved to be well substantiated in view of the Issue Open High Low market conditions that followed during the last. two weeks." Nothing could shake it from its lofty posi Mien as, i clung tenaciously on ta record heights in the face of every cunning and wile of the bears.
Extraordinary, feares of the market during this period were the strength of Six Per cent. Consolidated which registered the maximum fain of 11.95 and of 96. Millions Which closed the month with a belat= ed rise in an attempt to catch up With the other issues. Disbandment which usually occupied first position in point of fluctuation was completely outclassed by Six Per cent, Consolidated as it did not vary' more than ten points, At the close of the month, the market found itself marking' time with rather dull trading. Even the approaching settlement did not Inspire activity as most operators, both long and short, have covered some time before. Its standing still however did not mean weakness as signs of potential strength was evi: dent Following. isthe tabulated report of the market for the m of Sine:
18th, Yr. Castoms Jone 3070" 3360
Text read from the printed page and cleaned; old type leaves the occasional error.