The Archive · 1937

BAR SILVER

pence per std, oz. 181} nts per oz, troy v Rs. per 100 tolas Bombay offtake 100 bars. Market for near easier forward.

London silver was y, up both ready and forward, being 191) for spot and forward. New York was unchanged at 444 and Bombay was four annas up at 50.06.

It wes reported Bearer covered. Offerings were small. Market quiet. After the ofeial fixing conditions Were very quiet and unchanged.

The Local Exchange Market opened with sellers for ready delivery 1/2 Stg. 29% U.S.$ and 101% for Yen, certain amount of activity took place during the day but at the close there was no change in the ready rates. The forward market, however, i clined towards an easier tendency differences forward widening upon increased nervousness due lo the situation —coo

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

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