London, July 29.
Fairly quiet conditions prevailed on the London foreign exchange market this morning.
The cross-rate on New York opened unchanged at 497.50 from yesterday's New York on London close, but declined thirteen points to 49737 during the next hour. No further change was recorded for the remainder of the morning session.
After opening unchanged, French francs advanced seven points to 132.88 an hour later, at which level the market remained steady throughout the morning.
Fine gold advanced a halfpenny to The silver market ruled steady. At the official fixing, prices were fixed for both "spot" and forward at 207d. up yd. from yesterday, India bought, while offerings were small.
Barely steady conditions prevailed in the rubber market. At 1 pin. Oct./Dec. delivery showed a loss of wed. to 8%d. per lb.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.