The general conditions in the Shanghai Gold Bar Market were very quiet during the week under review. Trading was light and movements slow and narrow.
Heavy buying on the part of some speculators on Monday pushed the market from $884.20 at the opening fo the high of the day, $262.80, but Jong profit-taking at the earlier' part of the morning session on Tuesday Drought it down again from the high of the week, $898.70, to $886.70, at a brisk' pace. Later in the afternoon news reporting weakness in the Bombay silver market, "speculator began to buy heavily, advancing the price to $892.20.
The price of foreigns silver being upped the market commenced to saz on Wednesday, registering $882.50 at the end of the day's trading.
Continual bear-raids by South China speculators who were rumour-
during the day, forced to have sold more than 6000 bars trend on Friday, and it would ha been sharper 1ad_ not short profit taking held the pace. Opening at $881.40 the market declined gradual ly to the low of the week, 96240, by 1027 am., but rallied to'$874 at the noon closing. Encouraged by news of a rise of 12 annas in the Bombay silver market bears predominated again, foreing the price down to Saturday saw a very quiet mark: with fluctuations confined to between 387850 and 872.20,
Text read from the printed page and cleaned; old type leaves the occasional error.