The Archive · 1934

Chinese Bond Market Review

By courtesy S. D. Wang & Ca.

Shanghai, Dee. 10.

Despite a sharp decline that closed the week ended December 8th, the 'Chinese Government Bond Market 'Succeeded in showing not gains over the six- days. 'This was achieved! through the maintenance of a steady' upward pace that was only. halted! once and not threatened until the end.

'The market, opened on Monday by continuing on its upward career that} characterized Its movements during the preceding week. Although re+ actionary tendencies were noted in the afternoon, they did not greatly affect the Anal' result. which showed gains of various fractions for most issues, Atter days of steady advances, profit taking followed on Tuesday and brought about losses for almost all issues. The selling however came by easy amounts so that no serious consequences resulted beyond small The market climbed yet higher on Wednesday, especially for those issues fon the lower half of the lst. This Fenewed firmness instilled optimism {in the minds of speculators and though Tittle ground was gained on Thursday due fo) unusual quietness, further advances were registered on Friday {o bring prices higher by various amounts.

The sharp decline on Saturday was more or less expected in view of the steady firmness on the preceding days, The market went down almost throughout all four sessions and really reduced the net gains for the week.

Business was fait on the days under review, Including the three immediately following the November Jecitlement the total transactions amounted to 115,800,000.

Following is a tabulated report.

Nov. Compa Fluetu- Transae-Open High Low Close Close risen" 1th Ye, Customs'

Reorganization Dec.

2010 2820 0 13,000 Dee.

Jen, 490 4195 39954055 4030 4083 too 140 1.200000 Dee. ron Yr, Customs Sen jam 166 650 4 1000 1415 4125 290 bee Rehabilitation Jan 4305 "200 4290 4230 4050 Dee 445 47004180 4730 4050 1451440000

3240 51.60 5110 4950

190 3.920000 sss 5035 520 6025, 4085 1.90 los as 500

409 225 6.490000

409 5838, 220 1490000 Tmo 143 210

1355 289 409 e000 4085 40 0050

6353 6120255 alas 4090 320 coo 238 5,985,000

7395 139

7320 190 4190

240 2.620000

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

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