Review of Business Conditions for the Third Week of July By Courtery of S. D. Wang & Ca. of the Chinese Govern-market forthe past of depression. marked shorived say toward the For about a week up to Thurs. day, July 14, the market had wit-Reseda continue rig during which. the more active issues Edvanced more than two points. The inevitable reaction set fu. on' the stternoon of the 14th, and was practically nchesked until week Tater on the 2ist-
'The fractional losses on Monday and Tuesday of the week under review might' be regarded aa logical Tesults ofthe strong market which had prevailed for so many days before. But on Wednesday" and Thursday the decline reached 1.80 and 2.40 points respectively. These severe the results of the reports cane cerning' the invasion of Jehol by Japanese forces, When. subsequent Reports indicated that the situation wax not a0 bad as it Was at first Thought fo. be: the market took a Swing upward again on Friday, that went' as fora 1.20 points." This Continued throughout the first, ses-on of Saturday when as much as added to weakened suddenly the final period, wiping out much of the het Ing elects of the earlier and producing mixed results for the day.
'When the record of the week was finally completed, it showed the effects of the first hectic period that the' market "had, experienced: since its reopening following the Shanghai war.
Several issues fluctuated four more points; six moved more than three points, As the high mark of the week was found at the start, the fluctuation column shows the extent of the markets decline within the period reviewed before any recovery was" made. This final effects produced by the upward reaction of the market on Friday and a part of Saturday showed Trazimum Gectine of 280 ints for Suly'"and August by Disbandinont, Relabilitation and' Salt evens were off two points each for July Bal 246 and 230 respectively" {oF Rugusts" "twentieth Year Tobacco rat the other issue that lost two of Tore points for beth month, wale ther rest declined between 30" and 23s "points for one or the other Tu spite of the fact that trading sessions were held only in the mote ing ance Tuesday, the eel situa tian in the netts produced tanger ygiimg of Bisiehic ted Rout including Saturday."
figure of abou
Srnual Sale Revere Ted the' ist in the amount of" transactions con: Summated, with Consolidated. Tax, Suth "Year Customs and. Disband: ment following in that order, The outlook at the end of the week' was uncertain." Opiniony However, leaned' toward the beled UHSETR th abtnceof any age gravating developments. over week-end, stronger prices would be likely. to' prevail when the market resumes activities on Monday.
The record of the week ending July 28 follows:
Gamma, og" hea ae a ly a ae He a ae i is he 13 oh. cot ay cha ie 38
3740 Sty tas 36.95, 1
4 3.90 Bd 4.05, to the "Shunpao", many]
Acconpivg to a statement made merchants are now|at the offices of the China Mersulted in vigorous, protests being made by various Chinese organisations and penalties are to be imposed on those found doing this. The property of persons who. transport jor sell Japanese goods will be confi seated, car cere SARs he ores seaee the effect, that an agreement has been reached between that company and the Postal. Administra Yon whereby mails for Yangtze ports and places beyond will be Jcarried exclusively by the steamers of the China Merchants 8, N. Ca.
Text read from the printed page and cleaned; old type leaves the occasional error.