By courtesy D. Wang & Ca, Shanghai, Nov. 11.
Record prices were attained during the first week of November due tirely to the new monetary polley' of ihe government, At one time trading was" practically ata standstill as Prices" jumped four pointy with sellers, creating an unprecedented situation which is not likely' to, be Fepeated for some time.
'Trading for the month of Novem= ber officially opened on October 30, 'With' rumours already in circulation regarding what then was considered inflation polley, prices advanced rapidly on the first day with a maximum gain of over thee, points As the reports were thea by means substantiated, reaction was Inevitable and came immediately on the next day, setting prices back by large amounts though not as much 2 Sained on the day preceding Then came the attempted assassination of Mr. Wang Ching-wel and this jgident brought the upward march market to an abrupt sus The frst reports resulted in a panic and prices slumped immediately by four points to be suspended for the day. "As more details came in, ree vesling that Mr. Wang was Sreat danger of his life, renewed optimism ensued, sending every issue back to where they started before the crash. Another day of suspend trading therefore followed on November 2nd, the day following the attack, Further developments came after the weekend. The official announce: ment of the nationalization of aliver sent prices up another four points on, Monday. "Tuesday was a day" of" violent fluctuations as the public was tunable to grasp the true meaning of the policy and wild speculations were the order of the day. As excitement calmed down somewhat, liquidation operations commenced and as outstanding long positions were being set off prices came down according= ly, Two days of losses followed. Strength came again on the 8th with the market showing a mildly bullish tendency. The week closed with firmness and signs of further gains next week, Disbandment registered the maximum fluctuation of 10.80 and. the maximum gain of 895, Total transac= tions for the period under review amounted to 825,795,000.
Following is a tabulated report:
18th Yr. Customs Disbandment 19th Ye. Customs Open Low Close Last El. Com. Flue, Trans, Nov.
1925 010 3895 4200 580 6.0) Toma +995 1080 300 1010 4000
Text read from the printed page and cleaned; old type leaves the occasional error.