The Archive · 1936

Chinese Bond Market Review

By courtesy S. D. Wang & Ca.

Shanghai, Feb. 24. Movements were erratic on the Previous expectations of lower next day, taking the form of adjust-Prices upon reopening of the market ment on the basis of the prospective proved correct as revealed by move-status of the various issues upon ments during the week just closed. their subsequent conversion into new While there were substantial gains bonds. The tendency however "con-recorded on two of the six days, the tinued downward, general tendency was in a lower Two days' declines were followed direction and heavy net losses were by a strong reaction on Wednesday sustained by all issues. and all issues came up rapidly. Two Total transactions for the week sessions were held on that day. amounted to just short of 50 mil The reaction proved short-lived, Hons." Maximum toss was incurred unfortunately, and further substantial Currency, with "Disbandment losses were theurred on the next two ending in maximum fluctuations. days, sending prices down by Following an agreement among the average of about three points. Al-various parties concerned, the int though another reaction came "on ket reopened on the 17th afler a sus- Saturday, this was comparatively pension lasting two weeks. Prices mild and did not assist materially in immediately took a downward turn|a recovery. and during the sole session held on To-day will be the last day for that day losses amounted to an|eurrent month trading. average of nearly four points.

Following is a tabulated report

Reorganization Feb, Seo 3400 Open High Low Close Last d. Disbandment Feb. 6129 6120 6090 O15 7050 21.00 "090 35.40 40 1,103,000 Trans,

tots yr. Customs Feb: 3000 3000

Yr. Tobacco Feb. 3430 3400 30.0

Feb. 4010 4290 30.90 1,110,000, "320,00,

20th Yr. Customs Feb, 48.10 45.00 1200 Consolidated Tax Feb. 4800 40.00 43.00 Salt Revenue Fey. 1 f140 4430 Both Ye Currency Feb, 6700 6790 01.00 Grp Consolidated"

Feb. 300 6510 61.00 Zand Year Customs Feb. $200 S420

Text read from the printed page and cleaned; old type leaves the occasional error.

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