London, July 15.
Sterling on "the London. foreign exchange market this morning ruled easy in terms of dollars end steady in relation to francs.
After opening with a loss of one point from yesterday's New York on London close to 496.80, the cross-rate on New York declined another three points to 496.77 during the next hour. At 1 o'clock a further drop of two points brought the rate to 496.75.
French franes moved up two points to 127.98 at the outset and the market remained steady at the same level until 1 o'clock, when a further advance of six points brought the quotation to 128.04.
Fine gold advanced a halfpenny to 140/144d.
Quietly steady conditions prevailed for silver, with prices fixed for "spot" at 19}3d. and for forward at 20d. down id. and unchanged respectively China sold, while India end America Bought. Business was small.
The rubber market ruled easy. At 1 o'clock Oct/Dec. delivery gained ied. to 9;5d. per 1b—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.