London pence per std. oz. N.Y. cents per oz. troy Bombay Rs. per 100 tolas Bombay offtake 70 b.
Ready For 19% 19%
4913 Market quiet.
London silver was jx down both ready and forward, being 19% for spot and 19% forward. New York was unquoted and Bombay was four annas down at 49.13. It was reported India sold. America bought. Business small. Market steady.
The Local Exchange Market opened with sellers to Merchants for ready delivery at 1/25; Stg. 29% U.S.$ and 101% for Yen. Business was quiet but throughout the day the market showed a nervous and easy tendency. particularly for forward. rates for December declining to 1/1% and 281; U.S$. At the close, however, there was no change in the ready rates for Merchants.
New York, Nov. 20.
The serious selling movement in Wall Street yesterday, which resulted in general losses ranging to $5, and with a few issues moving from S6 to $10 lower, was attributed to the following reasons Operators were sceptical of any tax relief being granted during the present session of Congress; increasing signs of a recession in American business and labour trouble, both in the rubber and motor industries; and the belief that many issues are now behind the rapidly descending trend of business in the United Sta Sales were more than double those of Thursday at 1890000 shares.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.