Informed Chinese circles accepted the above mentioned two reasons for the continued Improvement in the exchange and money markets here yesterday. It was pointed out that it was an all-round improvement not only in the foreign exchange market but also in gold and Chinese government bond markets here. The price of the I0-ounce gold bar fluctuated around $8,500, violent uctuations seen on July 21 being entirely absent yesterday. On July 21, it will be re~ called, the price once jumped up to $4500" and following, that the price trend was very irregular, resulting in utter confusion.
All the five issues of the Consoli-gated Bonds followed an upward trend throughout the day, although it was well known among bond hold-
Text read from the printed page and cleaned; old type leaves the occasional error.