Shanghai, May 23.
The amount of new building in the northern section of the Settlement been comparatively small in the st two years, the largest permit for this week comes from this northern section and is for a hospital and apart ment building on Range Road just south of the busy corner of North Szechuen Road. Also in the northern section plans have been approved for alterations and repairs on a large cold storage building on the corner of Whangpoo and Minghong Roads, and a temporary workshop off the corner of Miller and Huining Roads.
In the eastern district a permit has been approved for a large addition to a weaving mill on Whashing Ra. cast of Kwenming Re.: another permit in the same vicinity off of Kwenming Rd. east of Paoting Rd. is for the erection of a printers work shop.
In the western district there are three permits of about equal value; one is for a school building off Tatung Rd, south of Sinza Rd, the second is for a foreign residence off Laipo and Ferry Rds. and the third is for another foreign residence off Welhalwel Rd. and west of Moulmein Rd. Also in the same district an application has been approved for the conversion of a foreign store into @ garage on the corner of Med-burst and Sinza Roads.
In the French Concession two apartments have been approved on Ave. Joffre. Both are between Rue Petiot and Rue Paul Beau; one will be of four storeys and will have a Dank in the ground floor, the other Despite the fact that it was "the last days for current month trading, insetivity.characterized the Chinese Government Bond Market during the week ended May 26. After two weeks of sustained quietness, it was generally expected that the final Week of the month would inspire some activity but such expectations were doomed to be unfuldiled. Maximum volume of transaction on any day during the week amounted to only about 20 millions, this being fon the last day for May transactions.
Like the preceding week, the market succeeded in registering net gains of small fractions, contrary to expectations of easiness in view of the dumping activities of banks and other large bond holders.
The week opened on Monday with hardly any movements. Although buy for cover. Their orders resulted ina steady rise in the market which gained by fractions from 40 down. The turnover on this day reached about ten millions.
After the shorts had covered, the longs began to liquidate their positions so that on the next da; Thursday, the market reacted downward. This movement brought the market down by about as much as gained on the preceding Again the volume of transactions Tegistered an increase to about 14 millions.
Friday, the last day for May trading, found numerous last-minute orders which sent the turnover figure up (o nearly 20 millions. Although the market indicated firmness, movements were very Irregular throughout the day due to the absence of any predominant buying or selling, most issues dropped slightly, the troding being confined to small amounts lost were small and failed orders for setting off outstanding to reach beyond minimum fractions. positions, The day closed, however, with indica-'With the removal of May quotations of upward Yovements which tions on Saturday, trading again actually took place on Tuesday when dropped though firmness was still the entire list advanced by similarly maintained, small fractions.
Transactions for the week The market became somewhat amounted to 67,500,000. more active on Wednesday when Following is tabulated report of numerous small speculators began the market:
Tesue n High Low Last ore Close Close ton Yr. Customs nay, "Sago aoas gas 2970 2920 3990 40.30 39.80 40.00 4000 0.50 Sas BS Som Ss Tosa 40 tam ray 7330 7360 ~030 04s iim Ts tae tam Tot 088
5 4 4025 059 Moo fons Oa8
5038 40% 085 M50 feo tot fous 19 100 4020 065 Soto S043 G09 faas som 5130 $005 }005 070 tes S40 Tos s40 2% 52.20 5200 4020 06s wis seas sao fo2s coo sam $390 S440 S410 4030 0.80 ess 1s ct G70 4000 108 tits was tin con fats
Text read from the printed page and cleaned; old type leaves the occasional error.