The Archive · 1935

Chinese Bond Market Review

D. Wang & Ca.

Shanghai, Mar. 25, Throughout the week ended the 2ard instant, there were only mild uctuations with no definite tendency in either direction for any length of time. Net results however showed the number of losses dominating due undoubtedly to the declines during the first two days.

Business registered 2 corresponding decrease, the total for the week amounting to only 65,200,000. Despite the fast approaching settlement, the market was slow in resuming activities and it was only on the last day of the week that transactions showed fan increase.

Monday is the last day for March trading. Business will be confined to April delivery on the next two days. and the market will close for settiement on Thursday.

'A steady decline marked the trading on the frst day of the week. Net Fesulls for the day were losses for all issues, ranging from 20° to 60, The downward movement continue into Tuesday morning and that Gne rally took place at the noon session the market tailed to recover completely and prices closed by an overage of nearly half point.

Firmness was evident through all four sessions on Wednesday and the gains on the day proved sufficient to cover the losses of the preceding day. It again slackened on Thursday however and showed no inclination to move in either direction, With the settlement drawing near, shorts bought for cover on Friday send the market slightly higher. They were still buying at the first session of Saturday but held off immediately after whereupon the markd receded somewhat. Resulls for Saturday is a tabulated report: ann Yer atoms Close Last d, Camp. Fiuct, 020, 19th Ye, Customs Rehabitation atm yr, Tobacco th Ye, Customs Consoldated Tax suit Revenue 200m Ye, Currency Consolidated j2thd Year Customs sara Year Customs

Text read from the printed page and cleaned; old type leaves the occasional error.

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