By courtesy S. D: Wang & Ca.
Shanghai, May 27.
While business transactions increased sharply as the week approached an jond, prices broke equally sharply following a fairly firm—beginning. [The only issue that did not conform this general trend was 96 Millions which showed weakness from the beginning, coming back strongly on Thursday' and Friday, but finally fossing out on Saturday after some [sensational luetuations for six days.
Contrary 0. the short-catching of previous months, the end of current month trading in May saw the other group of speculators in trouble. Prices declined rapidly as they sold hastily for last minute selofts, especially' on Friday and Saturday, the last Says for trading in May futures.
The market opened firm on Mon-Jaay, with the exception of 96 Millions. Almost all issues joined in_a slow Sdvanee, led by 19th Year Customs, casually a quiet issue. Prices continued to go up on Tuesday, again led bythe same issue, with a perceptible Issue Open High tein ver'Gustoms May 2400 3400 lization May +4.
Disbandment May 2400 Bane "3933
June 7470 increase in business transactions, On the other hand 96 Millions went stilt lower by good fractions, The turning point came on Wednes.
when, with 96 Millions falling to record' lows below 7.00, most of the others followed with Josses. in small amounts. They went further Tower inthe same slow movement on Thursday while 96 Millions began its sensational rally to gain.60 for each of the two months. It continued to gain on Friday to reach 8.00 as the rest, went in the opposite direc-ion, this time with increasing speed. Ninety-six Millions failed to hold its strength and slumped three quarters on Saturday with the others following by lasses of various amounts, "The May settlement will take place fon next Wednesday when business wit be suspended, Meanwhile tran factions will be confined to June futures. July prices will be oMcially avallable on Thursday.
The week's turnover amounted to loge Last C1. Com Flue, as Ye, Customs 20th Yr. Tobacco '0th ¥r, Customs $31] consolidated Tax one foreign and one Chinese bank, which, according to some experienced prognosticators, does not augur well for the future, as they intimate that it will not be surprising if further Toeat bank failures should occur, Is because of such circumstances that most of the spinners have tempora arily withdrawn from the market, due partly lo. restricted Gnancial facilities and partly due to anticipat tion of there evolving distress cotton Wis being circulated in the bazaar that owing to the con. tinued diticulties experienced by the ere will be ments during the next months, which naturally form ites another depressing factor in market. While prices on the ign bre may be maintained in steady direction in the near future, it is hardly possible, at this moment, to foresee any improvement in the domestic staple, Yarn; Our market continued in its weakish aspect during the past week fs the demand from all consuming centres has not shown any improve: ment and prices were carried down further couple of dollars when compared with the level last ruling. While "ow speculators trying the market. wil nol be in a healthy condition for some time or until the prevailing monetorial tension is satis factorily relieved.
Text read from the printed page and cleaned; old type leaves the occasional error.