Shanghai, Nov. 2.
'A marked improvement was during the frst and the last days of the week under review and business exhibited an attitude of probable Tevival. Although the volume of bars done during the balance of the period showed a comparatively lower figure, the standard of trading activity was higher than that of the previous {wo weeks, Fast fluctuations were of daily occurrence but the range of movements was still very limited, (On the first day of the week more interest was manifested by speculators ing. revived trading was evident in a fairly get ive market, Small orders were quite easily executed and the volume of bars dene gave a higher figure then any obtained during th past two dull weeks, At the open: Ing speculators influenced by bullish rumours were more en the buying fide. They opened the market at $1,161, and advance of nearly $5 from the closing of the previous week, and pushed the price to $116420 by 9.30 bam, but as goon as news of banks becoming good eellers of Exchange wag received, some small bulls, lest confidence and commenced to liqui-ate their bars, resulting in a sharp Grop to $1,187:20, Later with renewed Luying activity' by other bulls. the market was forced back te the $1.162 level.
Conditions, however, relapsed to their former dullness on the follow ing day, With no active news oF rumours. to influence it, the market became quiet and remained confined between $1,168.80 and $1,158.40.
Business was practically at a sland= still fog the whole of the mid-week session. Prices ranged within a limit of $2 only.
Rumours of the arrival of about 4,000 cash bars here brought about a Bearish. feeling among speculators, which "resulted ina definite downward trend on Thursday, when the market dropped from '1,180.80 to Some active trading Friday, and although moved' over a narrow range, fluctua ions were fairly fact at' certain periods. A rise of % cent in the price of the Custom Gold Unit put the market nearly $2.50 higher than the last closing, but long profi taking soon forced it down from the opening rate, $1,156.50, to $1,153.20.
Bullish rumours fanned by weak ness in' the Bombay silver market was responsible for a sharp advance to $1,161 from 1,187 at the close of the day.
Weakness in the price of the Custom Geld Unit combined with a strong Exchange market in Hongkong induced a bearish sentiment among speculators in this Gold Bar market fon Saturday morning and consequent Jong commitments commenced to liquidate their heavy over-night positions. This resulted in a drop the price from $1,159.30 at the opening to the low of the week, $1,151. Later buyers pushed the market back Loxpox mail of November 8, trans mitted via Siberia, was delivered in Shareghal on November 26, this quantity was taken off the market by Chinese, Green Tea:—The week saw very little business og the season is now drawing to a close, Chunmee settlements amount-fed to 400 half-chests and Sowmee 260 half-chests,
Text read from the printed page and cleaned; old type leaves the occasional error.