'The market on a whole was fairly quiet and the total' turnover light, t toward the end of the we and erratic fluctuations marked the movement of the market.
The equalization charge remained unchanged throughout the week at 6% per cent. doubt there would have been strong-selling pressure, with a heavier {drop as a natural outcome. To ex-amplify this fact we may take the sharp reaction of almost $10 in the bearish trend on Friday caused by the news reporting that China has made a strong protest to America for raising the price of silver.
At the close of the week a cer~ tain bank buying heavily checked the downward movement, improving the general feeling of the market and [causing a large advance in the price.
Domestle Exchange per $1,000
Tent Hangchow hunting 536 Cant Tainanta Swatow Owing to the continual tige in the price of silver in foreign "markets the local Gold Bar Market moved on its downward grade unchecked, but various rumours reporting that the Chinese Government will probably "used retaliatory measures against the raising of sliver kept the market steady, without which® no The market opened at $797 on ]Tuesday and closed at $767 on Satur~ Jday. The highest price registered was $811 at 1130 am. on Thursday fand the lowest $741.50 at 10.07 a, jon Saturday.
The average highest and the low-leat were $783.70 and $760.50 respectively.
Central Bank of China Xqualization percentage 6% per cent Condon New York es
Text read from the printed page and cleaned; old type leaves the occasional error.