The Archive · 1938

Messrs, Drakeford, Davis & Wilson Ium Bank Casu DELIVERY

Highest $]] Lowest 18jy soma June D 8% à m/s Lo. 4 m/s. Lo.

49 7 a/s. ma suva macy rono London pence per std. oz. 18t liè N.Y, cents per oz, troy 42a Bombay Rs, per 100 tolas Bombay offtake 25 bars.

London silver was unchanged for spot and jy up forward, being for ready and 184j forward, New York was unchanged at 42% and Bombay unchanged at 49.12.

It was reported speculators bought and sold. Market quietly steady. After the official fixing the market was steady but idle, The local exchange market opened with sellers to merchants at 8% sterling and 18% U.S.$.

9 The Interbank market opened 4 nominal at 8jj sterling and 18, U.S$ for cash but actually, for a time, neither buyers nor sellers at these rates, Shortly after the opening there were good buyers and declined to 8% sterling and USS, At these rates there sellers both for cash and June rates 18jy were and a large business was doni the market being more or less stabilized at these rates. The market closed with sellers at the following rates, but aíter the Close there were buyers in the market.

8% sterling 18y U: S$ Cash/June Y [E Y, July 4 Foreign Exchanges Y Bombay Rupee T.T. on: June 22. Japan & London New York 12% 2 months Shanghai 541), (sellers) 1/542 Hongkong 85i,, (buyers) 1/54}

London £ Sterling T. T. on:

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

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