By courtesy S. D. Wang & Ca.
Shanghai, Nov. 4.
The market was mildly bearish during the groater part of the month of October. Opening with fairly wide movements and a generally downward trend, it gradually quietened down but became active again during the third week. During all this time prices went steadily lower but with' the approach of settlement a short= Uved boom was experienced resulting tu substantial recoveries, All but {wo issues closed for October lower by between one and: two points, The exceptions were Disbandment and 98 Millions, these gaining.60 and 1.45 respectively, The former fluctuated most widely during the month despite the small net Business was normal and the total turnover amounted to 457,905,000.
The first week opened with wide movements with declines predomina-Ming, Tt closed with a fine rally which however failed, to bring about a complete recovery.
Business was very quiet during the second week but with the market showing "a continued downward trend. Losses were fortunately small throughout and the week's net losses Were consequently in fractions only.
Movements during the week following showed a close similarity those of the first week. AfiBr a rapid decline for three days, prices recovered on the latter days but the were Insufficient to cover the earlier losses.
With the October settlement day fest drawing near, the huge amount outstanding shorts began to cover: and their activities brought about. strength during almost the whole of the last week. As the result of the. movements on these last few days, Prices regained substantially though following the removal of current month Agures they dropped heavily the following Monday.
Following is a tabulated report:
Text read from the printed page and cleaned; old type leaves the occasional error.