The Archive · 1938

DAR SILVER

London pence per std. oz.

N.Y. cents per oz, troy Bombay Rs. per 100 tolas 5015 Bombay offtake 20 bars, London silver was jy down both ready, and forward, being 20. for ready and 19,4 forward. New York was unquoted and Bombay was 2 annas down at 50.15..

It was reported India was a small seller. The American trade bought at the decline. Market steady.

The local exchange market opened with sellers to merchants at 8j; sterling and 16.- USS.

The Interbank market opened with sellers for cash at 8; sterling and 16—U.S$, and with small sellers improved to 81] sterling and 164; U.S, small business was done at fractionally: higher rates after which the market relapsed to complete stagnation. Some interest was shown in famward deliveries which contributed to the steadiness of the market at the close there were sellers at:—

Bu sterling 165 USS Cash 8h n i- Dec.

Bh n 15 Jan. 8% 1559 Feb.

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

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