By courtesy S.
D. Wany & Ca, What appeared to be a week normal quiet trading when the Eh tional strength to the market which nese Government Bond Market gained another point, on the. last lay of the period under review. opened for July on June 30 last. turned out to be a record. break June, 30 and. on the "days time: Although trading was quiet _on Period wien closed. last Stare day An "Innocet report. of what lately following, there Was a gen: si member of parliament. was gain "ask the British Government gral tone of confidence Vrotghout as the market advanced steadily, London, which tended to" confirm though slowly, by, fractions of Brevis reports of a loan t6 Ching int every day. The only excep-'British bankers, gave the signal Yien to this general, tendency was for a bullish attack-on the market found on Monday when rumors of on Friday.. The raid continued to the impending. flotation of anew Saturday and pushed the market: loan by the Government resulted in to record heights. a half-point. drop.
As the market moved up by Dehavier of the market under such was quite in line fe general While ahe"srength on Friday tenths every day for exactly. four days, most "issues have. again conditions, the gains recorded on equalled the records established in Saturday were ina way uncxpect, June. 'This gave reason' to. belie din view of the nigh level of most that very soon the market will te: issues' prevailing after the market turn downward. However, the closed on Friday." Close observers London cable upset every expecta-Believed that. it' would" react "on tion and sent it to dizzy heights, Saturday especially when at. the In view of this behavior, closing essen © of Bray" moat longer safe to predict that it would quotations opened fairly high ant 0 up no more and one may be Immediately dropped more than a Ready to expect anything. In fact, quarter point. was taken 0 "sky is the limit" seems to hold indicate that operators refused to 00d for the market just now. support, the bulls in their effort to Following is a tabulated review send the market sky-rocketing. of the market Apparently, the operators changed the comparative their minds thereby giving addi-! highs and lows, last week showing gains, fluctuations: ete, Issue Open 18th Ye, Castome Aue. Reorganisation Aug, 4640
High Low 38.30, lune Compar- Pluetu- Trunsace Close Clove 8 ie $330 3243-4085 1.00 285,000 00
3.00 5045 20 4030 4030 210
67.90 6210 895 4345 4730 48.40
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