By courtesy S. D. Wang & C0.
Shanghai, Feb. 5.
'A tone of general weakness. pre-walled" throughout the month Vanuary. With the native interest rate remaining at its lofty position and with great uneasiness in the North, results should be considered favourable since net losses for the month were far from heavy despite these adverse influences.
For most issues, prices closed but fractions lower as "compared with the last quotations of December. The exception to this was Currency which went down more than two and a half points while several others Sullered by from one to two. Total transactions were not igh, amount ing to 297,000,000.
The month opened very dull on December 29th. Following the new year holidays, the market reopened with a sudden dive and the decline continued into the next day which closed the week's trading.
Slightly more encouraging results were obtained in the second week which opened with firmness. This unsteady movements when prices uetuated up one day and down the next, ending with mild losses for the Fast "two days of the week.
While fluctuations were still small fractions, during the third week, the weakness was becoming more confirmed as prices receded Slowly but steadily for the frst few days. With the publication of war reports from the north, the inevitable happened so that on Friday and Saturday of that week the market took another dive downward.
Artiiclal influences were at work in the fourth and last-week of the month bringing about slightly higher prices, Taking advantage of the market conditions, bears had been busy for some time but with the approach of settlement day they had fo seek cover and their orders did much to boost the market. Immedi ately after the end of January trading, however, the decline was resumed and though on the 28th, small gains were registered, net results were not very satisfactory.
Following is a tabulated report of however subsequently gave way tol the market tein Yr. Customs Low Dee. 1994 Compari- Flue- Transac-crore Close "oon tation "Won xm 33 is saz so 050
1320 uss 7390 1535 145
210 9,125,000
4130 40 © sin s150—040
250 430.000
4570 45304055 4623 009 em ses 489 anes sors 110 200 mom fin as ~<a ses 4810 4030 sas 280 Sis alo eno van $545 S510 42s 85.40 238 sto $310 S390 20
Text read from the printed page and cleaned; old type leaves the occasional error.