The Archive · 1936

Chinese Bond Market Review

By courtesy S, D. Wang & Ca.

Shanghai, Jan. 13, Fairly wide movements' were registered during the frst. two week? of January with prices closing on the Lith with losses of various amounts, Business was good during the great: part of this period.

Following. tke December _setthsiment, the market opened on Deeember 26th with a heavy slump. Febraary quotations which were for the first "time available on. that day generally followed the direction. of tre January figures and closed lower than they opened. "For several issues the losses amounted to over points.

Following the week-end recess, prices became somewhat firmer when they opened on Monday morning. Th: strength was shorllived, however, the decline was resumed during' the later sessions resulting in most dasttes closing lower by various tractions, 'This' was followed by a good Tecovery on Tuesday after some fairly wide movements. Upon this, the mar ket closed for three days for new year.

Every Issue opened well for 19% for when trading was resumed on the 4th, Saturday, prices advanced sharply, especially at the Mrst sessteh, and the day closed with every' ssi hhigker. Going ranged from as high as two points.

'The momentum of Saturday's upward movement sent prices further higher on the following Monday ant 'Tuesday but thereafter it gave way bearish influences Whit: brought about lower Mgures on the next two ays, the losses on each of these day', Jamounted to as much as one polit or more for several issues, Ara: action was noted on Friday but the gains en that day were wiped out by yet further reverses on Saturday.

'Maximum loss was registered by Currency, amounting' to 3.05, Trans. actions for the ied under review Following is a tabulated report:

Black' Venetians Bice Help ti ne ae toe cents piece: inquiries from buying eentees Oey amen

Text read from the printed page and cleaned; old type leaves the occasional error.

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