The Archive · 1938

Bar Silver Ready Ford

London pence per std. oz. 20y 19yy N.Y. cents per oz, troy 42% Bombay Rs. per 100 tolas 51.01 ay offtake 50 bars, London Silver was jy down for ready and % down forward, being 20% for ready and 19; forward. New York was unchanged at 42% and Bombay. was 2 annas up at 51.01.

It was reported speculators bought and sold. Market steady. After the official fixing the market was quietly Steady, with small buyers at the fixed rate and sellers at id. over.

The local exchange market opened with sellers to merchants at Sterling and 16% USS. 3 The Inter-bank market was again erratic. Opening firm with sellers At 8% sterling and 16% USS, the tates improve rapidly business being done at 8% sterling and 16% USS. find even higher rates were indicated.

ter there was a complete reversal and the market declined rapidly finally closing with sellers at Bi} sterling 16, U.S.$

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

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