The Archive · 1938

Bar Silver Ready Ford

London pence per std, oz. 19 18% N.Y. cents per oz. troy 42% Bombay Lis. per.100 tolas 48.10 Bombay offtake 150 bars. Market steady.

"For retirement of bills.

London silver was ji up for ready and yy up forward, being 19—for spot and 18% forward, New York was unchanged at 42% and Bombay was unchanged at 48.10.

it was reported India bought. Bears covered. Market steady. After the official fixing the market ruled weak, with business at one-farthing "under the fixed rate. Closed steadier at the lower level, The local exchange market opened with sellers to merchants at 1/04 Sterling and 25% U.S§, against retirement of bills.

The Interbank market was rather dull, opening with sellers at 1/0; Sterling and 2534 U.S$ and a tendency to improve was checked by good buyers coming out at 1/014 and 25%. Later the market was easier with buyers-at 1/0j, and 25%, but at the close there was à steadier feeling with sellers at 1/05, and 25% and buyers at 1/0% and 25%.

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

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