The Archive · 1930

Better on Strength of Low Exchange Rate Sane 7

The low levels in exchange reached during the present week have reacted on the local markets in many not unimportant ways. In the eas of certain exports there has been stimulation of activity, and probably more business has been pat through*in silk and sesamum seed than for some weeks past. As far as piece goods are concerned the exchange situation is, in certain quarters, believed to have at last strongly driven home to the minds of dealers the impossibility of replacing stocks at recent quotations. fand they seem to be preparing the way for substantial advances later The metal market remains dull, and as regards the export of such a commodity as antimony regulus, the political situation has put that on: of the question. Yarn has improved, and it is understood that a fair busi. ness has been done by the local mills, The lower exchange has led to a partial rise in the local

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

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