The Archive · 1935

MERCHANE DOMING Rare May

om 18% Gs 3H aug Thursday saw no change in the dull conditions. the market staying stound $708, Heavy buying on the part of some speculators on. Friday. morning was the cause of a sharp upward reaction $774.50, but this was soon followed by a gradual downward movement, which "continued in. the afternoon Jand on the following morning unlit $760.70 was registered toward the closing.

Ready For'd London pence per std. oz. "SI 94), RIY. cents perez troy Bombay' Ins, per' 100 tains 00.02 Bombay offtake 10 bars. Market cloved London silver was up ready and forward at 33194. for' spot and 34,44. forward, It was reported that India bought, China bought and sold, and the market was steady. After the official "fixing the market continued qulelly steady. New York. silver was unchanged at 75% cents and Bombay also unchanged at 80.02 The local exchange market opened yesterday morning. with sellers. for May delivery at 1/8 sterling, 42 USS and 144% yen, improving short ly alter the opening for USS to 42 and Yen 149. During the whole of the morning the market was quietly steady with buyers and sellers holding the scales even. Inthe after= noon there was a slightly easier tendency, there being more buyers than sellers for June delivery at the morning's rales, but the market remained steady without business of any snag!. tude Towards the close, however, lWvere was an easier feeling and May deliveries declined to 1/8%, 4112 and Washington, May 20.

TPUE Secretary of asury, Mr, Henry Morgenthau, to-day ordered that he placed upon the entry into the silver coins. The embargo order was approval by

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

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