By courtesy Wang & Ca.
Shanghai, Oct. 7.
Fairly wide fluctuations were seen during the first week of October which officially commenced on. September 28th' last, Declines predominated, however, and despite a fine rally just before the week closed prices registered net losses of various amounts, The current month marked the resumption of active trading following almost two months of sustained quict= ness. Rumors from Swatow, campled with the fast approaching certainty of war in East Africa with all its [disastrous possibilities, were largely responsible for a renewed interest in government bond. transactions. Unfortanstely their influences proved of an unfavorable nature and brought about generally lowering prices.
The month of October officially opened on September 28th, with a heavy slump being recorded. Its unexpected ness created a sensation especially in view of the quietness that immediately preceded it. Losses were substantial, ranging from as high as nearly one and a half points, The market remained weak following the week-end recess. Prices feontinueg to decline steadily though esne High 18th Yr, Customs 20.10 Reorganization 3450 Disbandment ors e130 the amounts lost were smaller compared with those of the preceding Saturday.
During the next two days, prices fuetuated rather widely, dropping rapidly at the first sessions of both Gays but subsequently registered partial recoveries, Then came an~ other day of weak trading on Thurs-@ay when the downward movement was resumed with vigor, sending prices lower by big fractions.
Profit taking helped to save the situation on Friday in the course of Which steady rises brought prices back higher by good figures, Several issues gained more than one point while the average was well above half a point, The week closed quiet on Saturday with all issues showing a generat reluctance to fluctuate. The tendency remained easy, however, and prices closed slightly lower.
Total transactions for the period under review amounted to 103,925,000, Currency and. 28rd Year Customs shared "honors for both maximum. fluctuations and maximum losses, the respective figures being 295 and1.95, Following is a tabulated repor Low Close Sept. C1. Com.
Flue, Trans.
1970 2010
Text read from the printed page and cleaned; old type leaves the occasional error.