204 19%
4915 Market quiet London Silver was 4 up both ready and forward, being 20% for spot and 19% forward. New York was unchanged at 44% and Bombay was two annas down at 49.15.
It was reported there was a little indian selling. Support was poor. Business small. Market steady. After the official fixing the market was quiet with the metal inclined to be offered at the fixed rate.
The local exchange market opened with sellers to metthants 1/2, Sterling 291, U.S.$ and 102% Yen.
The Interbank market was very quiet and the only feature was the slightly higher rates in Dollars owing to the higher cross rate. Rates were steady with sellers as follows:
Cash Sterling 1/241 10.5.5201 February Sterling 1/2 U.S.$20}) "March Sterling 1/2; 0.5.829} April Sterling 1/1} 10.6.9290
Text read from the printed page and cleaned; old type leaves the occasional error.