Teserve against its note issue the 3rd instant was £125,655,985, compared with £125,625,200 on the previous Wednesday. Practically the whole of the gold offered; for sale this week with licence for export was sold India. The; demand was so large that more iwthan double the quantity could have been taken for the same quarter had it been. available. the} sale of rupee exchange yesterday.
one Race Council resumed Fifty lakhs were offered for tantee and were allotted at not less than 1/4i%d. The "Times of India," under date of December 23 last, thus commented upon the currency} situation.
"Exchange is firm, as banks are foreed to draw on London for money, the Bank of England rate being 3 per cent., against the Im perial Bank's 6 per cent. The money situation dominates the exchange market more at the moment than the trade situation, both here and im Calcutta. The balance of trade in India's favour in Novem ber was 596 lakhs, and it is con sidered that the Secretary of State for India should take advantage of the improved trade situation by selling Council Bills. A postponement of the sale of Councils may raise exchange rates, but this can only be short-lived, as a rise in exchange will help to cheapen both gold and silver and lead to larger imports of both metals.""
Gold valued at $2,924,000 has arrived in New York—$1,354,000 from Alexandria, $1,175,090 from; London, and $395,000 from France. During the ten months ending! October last, the net import of; gold into New York was $198,185,-!
The Reichsbank's purchase price for the 20-mark gold *piece has been fixed at 26,000 paper marks.
Text read from the printed page and cleaned; old type leaves the occasional error.