The lack of confidence in the [Chinese Government Bond Market iwas clearly revealed in the course jof trading during the week ending November 11. Despite several attempts to regain its lost strength, Jmarket succeeded on but one day in Jshowing net gains which however were very slight. During almost al the other five days, an undertone lof firmness was evident but it lasted Jonly one or two sessions, finally to lose out to the stronger bearish in-nonce which was constantly work ready at the least opportunity to send the market down.
Transactions during the week the were few, the total being only 44, 000, in average of about 78 mil ket opened the week with Jo short. spurt of strength and suc-making some headway but soon relapsed. into weakness that [characterized it during the previous week. The best. showing was ob-Rained on Tuesday when a steady lout the day, resulting. in some gains. frmmess wan maintained, Through:
For the rest' of the "week the ket declined consumptively, los-failed beyond registering a few made an effort to recover but small gains. Nevertheless, business improved on these.latter two days, the daily turnover amounting about ten millions.
Predictions under present. conditions. would be extremely dangerous in view of the unusual circumstance fof too. many over-bought. and over sold positions being. outstanding simultaneously. The moment either side attempt to cover their positions, the market is expected to register strong. reactions, upward or down ward" as the case' may be. Such movements may be due this week. }On tke whole, the market appears more inclined' to drop than other-wire, It would take quiet extn Jordinary developments before the former level would again be reached [within the near future.
Heaviest losers in the week, were Salt" Revenue and Consolidated which dropped 1.80 (nov.) and 1.55 (Dee.), and 140 (Nov.) and 1.50 (Dee.)' respectively." Disbandment also suffered by 1.10 and 145 for these respective months.
Fearnley the eae as, da Nod eat nen Wea Hi Potowing a tabulate 18th Yr. Customs: an as Compass: Pata Tone BS Re sas, eas, 4890 540 "Tito 38S a8 80
Text read from the printed page and cleaned; old type leaves the occasional error.