Deposits sccoreing fo arrangement The local exchange market opened yesterday morning with sellers 1/8% sterling, 35% USS and 119% "yen. Speculators were in-lined to sell U.S. currency and uy sterling, causing quotations—to adjust themselves to 1/5%4, 35f¢ and! 119. Apart from the rise of US, currency to 35% towards the close at noon there was no further change [throughout the day, although at the close in the evening the tendency, was slightly easier.
LOCAL BILLS discounted.
CREDITS granted on approved securities and every description of Banking and Exchange business transacted.
DRAFTS granted on London and the chief commercial placer in America, Africa, Australia, China, Europe, India and Japan.
Text read from the printed page and cleaned; old type leaves the occasional error.