Transactions of over $50,000,000 worth of Chinese domestic bonds, done on the bond market here last August before the outbreak of hostilities, were being settled yesterday.
The settlement was made possible following the receipt of an order by the Chinese Government Bond Exchange from the Ministry of Finance which gave the settlement prices of each issue traded on the market.
The prices given by the Government were quoted on the market on August 13 last year. They were: Consolidated A, $76; Consolidated B, $73; Consolidated C, $71.50; Consolidated D, $70; Consolidated E, $70.
The total amount treated on the market before its suspension was reported to be over $100,000,000. Half of this amount had since then been settled by the brokers at prices mutually agreed upon. Disputes arose when others could not find suitable prices for a settlement of the outstanding transactions. The Ministry of Finance was petitioned for assistance, and the order was subsequently issued. The transactions of "96 Million" bonds were' also to be settled yesterday.
Text read from the printed page and cleaned; old type leaves the occasional error.