London, Aug. 10.
Irregular conditions were witnessed on the London foreign exchange market this morning.
After opening with a gain of five points from yesterday's New York on London close to 498.80, the cross-rate on New York declined thirteen points to 498.67 during the next hour. At 1 o'clock a further drop of twelve points to 498.55 was recorded.
French franes moved up three points to 132.84 at the outset, but reacted two points to 132.82 an hour later, No further change was registered throughout the morning.
Fine gold advanced a penny to 139/5d.
The silver market ruled steady, with prices fixed for "spot" at 19%d. and for forward at 19}jd., down issd. and kd. respectively: Specula~ tors sold, while India bought and sold, Easy conditions prevailed in the rubber market. At 1 pin. Oct./Dec. contract declined 1d, to 9ysd. per Ib.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.