The Archive · 1938

British Markets Report

London, June 11.

With bankers' deposits as revealed in this week's Bank of England's return again high, borrowers during the past week found no difficulty in arranging loans at cheap rates.

Despite easy monetary conditions, discount brokers obtained another good supply of this Week's Treasury bill offerings at an average rate of over 5 of a per cent.

In the foreign exchange market today American dollars weakened on Continental sales in exchange for Silver Produced April Washington, June The American Bureau of Metal Statistics disclosed today that world silver production in April, exclusive of Mexico, had totalled 14,143 ounces. The total for the first four months of the year was said to be 7 ounces.—United Press.

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

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