The Archive · 1938

Bombay Silver Stocks

Bombay, Jan. 29.

Stocks of Silver in Bombay on January 29, compared with the two previous weeks:—

Jan. 15 7,000, Jan. 22 6,000, Jan. 29

7,000. Bars.

N.B. The above figures include both English Bar and Indian Mint Silver. Reuter.

London, Jan, 29.

Although clearing banks had ample resources on tap at their customary lending levels, non-clearing supplies occasionally showed some contract tion.

Consequently, discount brokers were fairly confident that they could have obtained some percentage of Treasury Bills as in the previous week.

Once again, however, their hopes did not materialise, as their quota of bills worked out at eighteen per cent, or four per cent. less than last week.

—Reuter.

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

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