Shanghai, Nov. 19.
Dullness continued to prevail during the week and, in fact, the total volume of business done was further Feduced—the dally average number transacted being about 8,000 bars.
The market was practically motion-ess and ils range was shortened 10 within $20. The largest "movement was on Saiurday when the level of the price was raised $17 over-night on account of the el which was done at about $13 in favour of short commitments, On Monday the market was excess sively dull at between $1,188.70 and $1,140.20, On Tuesday, a National Holiday, the market was closed.
'Weakness in Chinese Government Bonds and in all foreign silver markets lifted the market to $1,153 at the commencement of trading' on Wednesday, but when a drop was ce-ported in the price of the Custom Gold Unit, long profit-taking took the market downward to $1,148.90, Strong rumours relating to the present tocal unsettled conditions responsible for a weak tendency in the market on 'Thursday when' the price dropped to $1.141.
On Friday morning owing to the Exchange market being reputed 10.
slightly weaker, shorn chm= menced to take cover and with will: Ing buyers competing they raised the price back to $1,14650," This higo level could not be maintained as longs who were unwilling to pay high change-over premium took od-vantage of the situation and liquidate their over-night positions." This Fesulted in a heavy drop {0 $1,139.50 The official change-over was quoted at 3 pam, at $12.80 in favour of short commitments.
On Saturday the market opened ut $1,197, about $17 above the closing! of the previous day, owing to. the change-over premium being added. "The most active period during this last "half-day session was at the earlier part of the morning when~ sellers forced the market down from $1,187.80 to $1,15250. Toward the fend of the morning the price was Slag
Text read from the printed page and cleaned; old type leaves the occasional error.