The Archive · 1915

Money and Exchange

dav. 17.

The market was again steady yesterday with, however, very little doing in the way of business. The rates opened unchanged and closed steady. Silver dropped 74d.

During the week the rates improved from @s, atid. for T.T. on Saturday to 2s. 3yd. yesterday. There was a small amount of bills in the market, as also some demand. The market on the whole was steady.

Silver showed a net advance of wd. during the week, although in the interval it dropped to std. and improved to 23{{d. The silver market on the whole is lifeless, as there is no particular demand from any quarter.

There has been no change in the local trade conditions. Exports might be better, if there were enough ships to. take cargo to Europe and America. The stock of silver in the bani continues to increase. The total yesterday was composed of Tls. 63,808,000, $20,910,000 and 793 bars; of this total the native banks, including the Bank of China, Bank of Communications and the Commercial Bank of China, held between them Tle. 5,220,000 and 87,250,000.

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

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