By courtesy 5, D. Wang & Ca.
Great steadiness culminating in substantial gains—this summarized the arker's movements during the first two weeks of November. The firmness prior to the subsequent advance instilled much confidence into the minds of speculators who later brought about the realization of their optimism.
Although the advance was follow. ed by a fairly strong reaction, the latter did not last but gave way to resumed firm trading amidst which the period under review was brought to close on Saturday October 10. In view of the market's behavior "re. cently, declines of any appreciable proportions are not expected thonga fon the other hand gains are not lik ly to go beyond two or three points the utmost.
Following the October settlement, the "market opened on October 30 with evident firmness though witha somewhat reluctance to take' long Strides. This was followed by.
of more pronounced Indifference which brought it but very slightly higher with even an. occasional loss. Tt'thus pushed slowly but surely higher by small fractions daily until the end of the frst week.
'The second week opened a realiza-ton of the bulls' efforts. Throughout the day on Monday the market rose higher and higher especially in the cases of 23rd Year Customs and (96 Millions which gained one point each. Others rose by varying fractions, Under the momentum of the first push, the market gained further on Tuesday but by generally smaller amounts, "It almost resumed—the same high gains on Wednesday when 2 few issues advanced by as much 5 three quarters. After this bated strength for three days, the Imevitable reaction set in to reduce' prices by substantial fractions. would appear that more profittaking on Friday would reduce them' yet lower but the reaction did not Sustain and gave way to renewed firmness, followed by more gains on Saturday.
Six Per cent consolidated led the list with a gain of 310 walla Salt Revenue held first position in point of transactions which for this sue totalled nearly 14 millions.
Altogether about 89,000,000 changed} hands on the eleven days of trading under review.
Following is a tabulated report:
Tasue Open High Low Oct. Compa- Fiuetu- Transic-Close Close "risen ation tons 18th Yr, Customs
Reorganization Nov, "2610 2200 2810, 210——om—s000
41 470 4090 120 som 22 2 is sno00
Text read from the printed page and cleaned; old type leaves the occasional error.