The Archive · 1938

Merchants Closing Rates Buying

February, London pence per std. oz. N.Y. cents per oz, troy Bombay Rs. 100 tolas ie 50 bars.

and steady.

Market quiet London Silver was unchanged both ready and forward, being 20 fi for spot and 194§ forward. New York was unchanged at 44% and Bombay was three annas down at 50.01.

it was reported market featureless. Business small Market quiet. After the official fixing the market was steady but idle.

The local exchange market opened with sellers to merchants 1/2 4 Sterling 29% U.S.$ and 102% Yen.

The Interbank market was very steady with again more sellers than buyers for forward delivery. Slight advances were registered in forward deliveries during the day and there were sellers at the close at:—Cash Sterling 1/211 February Sterling 1/25, Mørch Sterling 1/24; April

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

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