The Archive · 1935

LOCAL EXCHANGE REPORT Messrs. Drakeford, Davis & Wition ITER ANNE NOMEN DELIVERY Highest 1/6" Lowest 1/3%

September five Bombay Raper 100 totus 62.00 Bombay olfiace 29 bare." Market coved London silver was zed up ready and let

forward at 20/44 for spot and forward. It was reported that America bought, China sold and the market was steady. After the offeial fixing the market was very steady. New York silver was Unchanged at 65% cents and Bombay Sannas up at Rs6t.

The local exchange market opened yesterday morning with sellers at 1/0% sterling, 37% USS and 190% yen, During the early part of the morning the tendency was steady and Fates Improved to 1/6%y, 37% and 130%, for a time there being a number of sellers, though not general, at fractionally higher rates than these for Sepiember delivery. Later the market, turned easy and declined to 1/6%s, 97% and 129%. At these rates algo sellers were reluctant. Towards noon, however, there was again a recovery and the market closed noon with sellers at 1/6%, 37% and 130%, Whilst opening at the noon losing rates, at 2 o'clock there was an easy feeling and rates again declined to 1/6, 37%, and. 120%. Unfavourable news with regard to. the european situation caused a slight recovery to 1/6%, 37% and 190%, at which rates the market closed quietly steady.

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

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