Shanghai, Dec. 9.
the commencement of the period under review some bright] prospects were seen in the general conditions, but as the week advanced business slumped considerably and Jslackened almost to a standstill.
The average range of movements limited to within & minimum 'A. good feeling prevailed among speculators on Monday. resulting jan upward trend in spite of the fact that longs are expected to pay a high premium at the coming change-over. The market opened at $1,144.20 and advanced to $1,151.80.
The market was unsteady at the commencement of trading ea Tuesday, but a gradual downward trend was noticed as the end of the day approached, Toward the close short profit-taking lifted the market back from the low of the day, $1,142.60, to $1,145, but on the following day the bearish tendency resumed. after a" sharp reaction to $1,147.60 at the beginning of the session.
Weakness in the London Gold 'Market Influenced the market to] open at $1,142 on Thursday but! with heavy' buying on the part of some speculators the price advanced again to $1,146.20.
Friday and Saturday saw an unusually dull market, with the prices limited to between" $1,148.70" and $1,14320 only. quite competent to express definite Jopinions on the merits of China's new Jeurrency system. but it is perhaps significant that their fellow ccuntrymen engaged in finance have maintained a consistent silence with regard to these matters,
Text read from the printed page and cleaned; old type leaves the occasional error.