Shanghai, Feb. 16 Excessively dull conditions were prevalent during the past week, thereby resulting in a small total turn-over for the period under review. Very ite movement was witnessed, the high of the week being $1,180.50 and the tow $1,144.40, and in fact at certain periods, mastly during the afternoon sessions, the market was. practically motionless, Throughout the week the number of long commitments were about twice as many as that of short, And this ratio was kept almost. con ant for the whole period.
'Owing to lack of news tong commenced to take profit on Monday, forcing the market down from. the opening at $1,148 to $114540, bot on the following' day rumours of a certain bank buying cash bars crouted 14 good feeling. and in spite of a weak London gold market the local gold var advanced again to $1,149.50, 'A fairly quiet market ruled during the mid-week session, with fluctuations confined to between $1,149.80 and $1,147.30.
On Thursday the market was raised slightly higher to $1,150.50 on account lof a rise of 244d in the price of London Gold, but toward the end of the day some longs liquidating caused the price to drop to $1,147.50, "A weaker exchange was responsible for a higher "level on Friday, when the market remained at around 31,149 throughout the day.
During the last day of the week very steady market was witnessed. the price remaining at about $1,148, and change-over was quoted officially $5 In favour of shorts
Text read from the printed page and cleaned; old type leaves the occasional error.