By courtesy S.
D. Wang & Ca.
Everything was normal_wi Chinese Government Bond during. the week ending June 21. Generally' speaking, there' was no unusual "activity nor uctuation yond what ordinarily happens [during the end of the month. ix Per. has gained favour among. operators with eon-sequent wider uctuations. It now vies with Disbandment in. sensitive reaction to trading. During. the week under review, that issue gain-led 1.00, second only to Disbandment which chalked up as much as 1.05, Maximum fluctuations, however, belonged to three issues, namely, 20th fed_hands dunne those six days.
The market opened quiet and tin steady on Monday when it moved indifferently in both directions. The inext_ day found operators combined jin eatchin~ the shorts by refusing to sell for the latter's cover thus determinedly forcing up the market. During the four sessions, the high= lest gain of 1.50 was recorded by tone issue. Almost as suddenly as they started, these activities ceased ron Wednesday with the result that the market reacted downward, "On these two days, Sie Percent Cone solidated captured Rrst: position in maximum fluctuation by moving.
Jone point each day. Thursda tal down respectively by more than Friday found the miasket steady and firm bat mo appreciable. headway iwas made beyond. fractional gal 'KY feature "on Friday wat the nostalmovernent of "96 which was the only one to up by Hons more than one Point.
Weakness set in on Saturday as the longs covered following disquieting reports. from ithe North, Total volume of. transactions for the week was not high, being only lat 65 millions. A' bigger turnover might be expected to-day which is the last day for June trading.
Only Tuly quotations will be available tomorrow. while "August quotations wil. officially open on, Wednesday. However, it, is) expected that as usual few August quotations. will be given on Wednesday. There will be ho trading on Thursday which is, etilement day for June." Business will be resumed on Firday.
Following are the tabulated reports of the market during the week ending June' 2
Issue Open High Lew 18th Yr, Customs Reorganization Sane 3830 iment. Jane 68.40 roth, Yr. Customs Joly 4625, May Compnr- Flucto- Transac-Close Close ison ation ens 310 3265 4045 1.00 710,000 2.70 3200 +070 70 90,000
3835 3810 +025 1.00 8780 3740 040 85
65.05 6435 40.70 1.10 425 6820 41.05 190 4720 40.25 90 2,188,000, 46.69 020 80 21198,000 48.70 190
Text read from the printed page and cleaned; old type leaves the occasional error.