By courtesy D. Wang & Ca.
Wide duetuations caused by alternate strength and weakness. fea. tured the Chinese Government Bond Market during the month of Decem: ber. Opened with a period of consist ent st, the market passed through a week of dull trading to enter the third week with great weakness, finishing the month with considerable gains as short-catching activities gained full sway.
Jgistered on November 0, the day Although heavy slumps were re. after November "settlement, the market soon regained its poise and went on a generally upward direc-Tent aggre wat beri la ae dre 'c2 corded. ' Nevertheless, fie Ga'gege woe month so|could only be described a Week of colorless trading. While occasion: ally showing a downward tendency, market maintained a steady tone close thie week on bout the same height as it did the sts The third week opened with heavy declines as alarms were, generally expressed over the political aituation. This condition resulted: in substantial losses for two days and though an attempt was made. to recover later in the week it was Goomed to failure in the absence of "any encouraging development, Thus ithe market moved up by small fractions for three days only to find them lost again on Saturday, Further losses were incurred several issues on the first. two day of the fourth week while the others, especially Disbandment, registered rises, This issue found itself shoot-Vim by 1.65 in one day though the others gained "at most small fractions. This was due to the limited supply of this bond in the face of heavy demands, With the removal of December quotations on' Wednesday of the last week, the market soared Up still igher as the numerous outstanding shorts sought. cover, bringing. the market "higher by more than. two Points, Following is a tabulated report for the month of December:
THS) sao open mes Compars Fluetus Transnce "on" "ation" "tions 450 1,805,000 we 16,000
9,885,000
Text read from the printed page and cleaned; old type leaves the occasional error.