The Archive · 1938

Market Steady

London silver was down Ma. for Spot at 19d. and down jy forward at 18])d. New York silver was unchanged at 42% and Bombay silver was unquoted.

There was a little speculative selling. Support was small. Market steady. After the official fixing very quiet conditions prevailed.

The local exchange market opened with sellers to merchants at 1/1

Sterling and 26% USS.

The Interbank market was erratic, starting with sellers at 1/1 Sterling and 26% U.S§, but after fluctuating up and down closed with business done at 1/13, Sterling and 27% U.S.$ ana sellers at the rates.

Allitd Ironfounder s 3/3 20/6 Armstrong, Stevens 6/3 6/3 Assoc. & Elec. Indus. 30/103. 37/1034 Austin Motors, ord.

Bristol Aeroplane, ord.

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

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