By courtesy S, D. Wang & Ca.
Shanghai, Dec. 24, Fluctuating over a wide margin, the Chinese Government Bond Market closed for the week substantially highfr despite the general. nervousness anda popular anticipation of lower pilees due to the alarmingly high native interest. rate.
While the mounting interest should and in fact did send' the market slurping, the clever manipulation of large holders among financial circles prevented 2 panic and succeeded in fmiaintaining prices on a sane level. This was accomplished by their gradual and well controlled selling which wat stopped as soon 23. prices went too low. The short positions taken by sundry operators, instead of precipita ting a decline, actually assisted in fpoosting the bonds as they evidently committed themselves rather heavily Jand had to seek cover es settlement fapprosched. 'Their plight was. In fereased by the various rumours lying wound and their last-minute buying naturally brought about a rise, 'The week opened with nervous trading "which, besides being tha cause of, wide' fluctuations, resulted Issue Open ish Low oth Ye, Customs, Dee 340 2350 25.10 Reorganization 3320 3040 38.00
Disbandment Dect Bp mis Tam 19th. Yr. Customs Jan. 7330 75.15 7288 Deo. "140 41.60 Jor Po mae)
Dee. 4830 4095, Jan eto fore 20th Yr. Tobacco.
pee. "20 2030 Jan. {00 5030, 4998
Text read from the printed page and cleaned; old type leaves the occasional error.