The Archive · 1935

LOCAL EXCHANGE REPORT Messrs, Drakeford, Davis & Witton

Us.os "on oe Tilanest 171]) Lowest 1235 Yen 1503 rencwant closing" nares one "V8 4 m/e te. 78 Sims te: "Mois divs Ready Fors steady, London silver was Yad down ready and forward at 83%4d for spot and 88%d forward, Tt was reported that India bought, China bought and sold and the market closed steady. After the official fixing the market turned Weak owing to the absence of buy ers. New York silver was % down 73% cents and Bombay 11 annas down at 79, The local exchange market opened yesterday morning rather uncertain 1/8 sterling, 41j¢ USS and 142 yen, improving about 11 a.m, (01/8 41", and 1424, From then on the market was easy, lasing at noon with reluctant sellers for cash at V8, 41 and 141%, Forward rates were also. weaker and the difference was inclined to be i a month down in sterling. In the afternoon there. was Surther weakness. "and. the marke: Ultimately declined for each delivery to 4/7%, 40% und 140, recover ing towards the close to 1/713, 401k and 140%, Throughout the duy there were heavy buyers, especially for forward delivery, and. sellers were very reluctant,

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

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