The Archive · 1938

London Silver Market

London, Mar. 3.

Messrs, Mocatta and Goldsmid, in their weekly bullion letter, write:—In the Indian budget no change was made in the import duty. This probably accounted for the bear sales '008 by Indian Bazaars and, although bear covering continued during the past week, there Bas been little change in the price of silver.

The undertone remains steady, and no important change is looked for in the immediate future.

Stocks of silver in London at the end of the week totalled 4,000,000 ounces.—Reuter.

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

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