The Archive · 1936

Chinese Bond Market Review

By Wang & Ca.

Shanghai, Feb. 8 Despite a greatly curtailed schedule during the month of January os the result of the solar and lunar new year holidays, the market was very derive, Nuclating widely and ref. ister ing a good figure in the month's total transactions. The latter amount 892,000,000.

Owing to the unprecedented situa-created by the government order demanding the delivery of bonds in ac-Companiment {o all short orders, authorities at the Exchange found dif-faulty in bringing about agreement among the differences in opinions and it" was decided that trading be suspended yesterday. Business however Will resume on Monday.

'Throughout the month of January, prices fluctuated widely with the downward tendency predominating. 'The' month closed" therefore with losses for every issue, notably Currency which closed lower by nearly fen. points. Disbandment was the next heaviest loser while 6 per cent. Consolidated went down by more than six points Following the December. sottleithe market was decidedly weak didn't last long and was fol-Towed soon by firmness and" subsequently gains, After the first week fof January when trading was cur tailed by the holidays, prices turned bearish and the second week closed with all Issues lower by various amounts.

The third week opened with fur ther weakness but by mid-week confidence was regained though short lived. Losses were sustained during the last two days, but prices became firm again on the following Monday. the day before the market closed for the lunar new year holidays, On the 28th, the market reopend with a huge volume of transactions resulting in three sessions Tasting till" nearly midnight. Prices con tinued on the down rade, On the next-day when January prices wore removed, a strong reaction took place Dut the gains were not quite suMieient to cover the previous day's losses.

Following is a tabulated report for the month: sue Low Close Dee. El, Com. Flue ¥r, Customs Reorganization 3800 3400 3810 38.00

Disbandment 738 tot Yr, Customs Boo pis 0 20 300 B00

20th Yr, Tobacco im 20th Yr. Customs Consolidated Tax.

'2.340.000

Salt Revenue 20th Ye, Currency Consolidated znd Ye, Customs 2rd ¥e, Customs 53.00 St00 095

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

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