The Japan-New York cross rate hes been well maintained at about }$46%. In spite of non-admission negotiations for obtaining a loan. from America going on in Tok Sterling for near delivery is at]
premium, the london-New York jcross rate having surpassed parity (486.667) and stands now at 487. Quotations for forward, however, are 3/8 of a cent lower per month. Buying £ at Shanghai for near andi selling simultaneously for March can only be done at a premium of in favour of the seller for near delivery. Regarding yen, buyers for near. are willing to pay 3/16 in the tael price for a similar change-
Text read from the printed page and cleaned; old type leaves the occasional error.