There is not much change to report this week. "A steadier tone was in Some more inquiries were made during the past week but actual business booked does not amount to anything of importance. Home prices are generally firm while local prices Shanghai, Sept. 1.
General: Bearing all the earmarks Jot 'a pres holiday market prices in Wall Street. drifted sluggishly lower. INo outstanding breaks wore recorded but on the other hand there seems be very little news which can be: interpreted favourably" by traders. Secretary of the Treasury Morgen-than's statement on the 28th was Jquite obviously intended to reassure the investing public as to the present state of Government credit. The 'Treasury refinancing which is to be Jdone in' September and October is 9 most important malter and public [confidence must be assured the Joperation is to meet with a° success-fat result.
By courtesy S. D. Wang & Ca, Shanghai, Sept. 9. stiffened just before the week "Started off like a lamb but finished closed on Saturday. like a lion" This may fairly well Inactivity was the chief feature of Jsummarize the Chinese Government the second week when minimum Bond Market during the month of movements and quiet trading dragged JAugust. Unfortunately, it roared ike through the six days. Prices closed the lion but failed' to "show its slightly lower as compared with the strength for it showed off badly dur- preceding week. down surely though not without al orler the third week, opened:, Bor Sng the latter part of the month, going!" began to hum with li fight.
Except for the frst two trading on Monday, Tuesday and Wednesda; lowing three comparatively quiet days days after the July settlement, the "t' registered the first heavy decline market appeared more asleep than on Thursday when substantial free awake during the first two weeks. ions were lost. A reaction took place Just as it was decided to resume the|on the next day but it closed another Tour-session schedule, it revived with step lower on Saturday, great energy ad the resulting heavy The final week opened with a sud-trading frustrated the plans for den drop. of nearly. three points, evidence for Ialians and buyers were Feady to pay last week's prices are more of less nominal owing to several days and even until the end In spite of the quite obvious wishes], fof the month it was possible to hold bringing with it great surprise and was the case last Thursday." For the lack of business.
Text read from the printed page and cleaned; old type leaves the occasional error.