The Archive · 1927

OCTOBER Silver

From 25}3d. ready and 25%d. forward on October 27

RUBRERS svg silver has risen steadily all the week without a Cremor United K- Coz La... Te} setback, and the quotations on 3rd were 268d. ready and Bomipton Rub, Con 24: 157 la! soho 25yed. forward, showing rises of yeths and yeths of a cogon Plant ie penny on the respective deliveries. as China has both bought and sold—the latter only Sih Klebane I s reported one day. India has also been a buyer, and Anglo-Java et, Ld os America a seller.

The market closed quiet, Exchange The official rate remained unchanged at 2/624. until November 1, when it rose to 2/64d. the present quotation. The market has followed the silver market in its steady rise, The lowest quotation for near interbank T.T, was 2/6%xd. on October 29 and the highest 2/7d, on November 3.

8 The Speculators have increased their oversold 2 position in Yen a little and reduced their overbought 8 position in Sterling and U.S. $. They are now estimated g to be oversold Yen 28 millions and square in Sterling and US. g Selling T-T. 2/7 to C.N.Y. 2/6144. C.N.Y./Mareh. 3 ¢ U.S$62 7/8 to C.N.Y. 6249 C.N-Y./March. clit ea Ge Lonn 1085 og) 5 a Buying 4 m L/C 2/734, to C.N-Y.

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

Your account