The Archive · 1924

Selling Demand Draft

'U.S. G.$100.00 S'hai. $184 89

Stg. $1.00 Shai. $ 8.29 Frs, 100.00 S'hai, $0.84 Yen, 100.00 Shai. $ 76.62

The tone of the silver market has. been good, governed mostly by a scarcity of supplies and a measure of support afforded by the United, States of America which, just now, does not seem to have much silver! available, A few China sales have been made during the week. Bear covering and some Continental demand have readily absorbed _the offerings. Owing to patchiness, showing in the development of the monsoon, a certain amount of uneasiness has been shown in Bombay, but this did not appear to have much effect upon bazaar silver operations, Save perhaps somewhat to retard buying. The latest news as to the monsoon ly more satisfactory.

'The silver quotations to-day for cath and two months' delivery are each id. above those fixed a week ago.

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

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