yen 103% 03 Us. as 208 ghost 13H Lowest 1/21 cash Anvs lo, 1/2% So) Avs. Lo, 20% 45 Aims, 407.
Tdi "80%
Ready For'd London pence per ai, or 194! Bie Nev. cents. per of.
Bombay Re per 100 tolas 40.it 49.1 Bombay offtake 175 bars. Market closed quiet.
London silver was yy up for spot and unchanged forward at 49d. ready and 19%d, forward. It was reported that India and speculators bought, China sold, offerings were small and the market quietly stoatv After the official fixing India bought ash at yy over the fixed rate and there were further buyers at the rate, the market remaining steady. New York silver was unchanged at 44% cents and Bombay 5 annas up at Shanghai, Mar, 30:
Owing to the general dull conditions the market was extremely quiet during the week under review, and consequently the total volume of bai transacted for the whole period was reduced {o.an insignifteant minimum. The oulstinding feature of the period was the oficial denial of the Nationalization of gold which was the current rumours during the past: veeks. This news brought confidence in the market, and thereby created a bearish trend throughout the first part of the period, but at the end of week strong buying pressure an the part fof some speculators checked the downward tendency and caused the price to revert to its former level.
'A. gradual decline was noticeably during the first two days when the market declined from $1,148.10 to $1,148, On Wednesday news of the denial of rumours to the effect that the government is planning the national-{ration of gold induced a bearish feel-Ing among speculators, who commenced to. sell heavily, thereby foreing the market down to the low of the week, $1,145.60, on the following day.
'On Friday a practically dead market prevailed, with the price kept slight ly above' the $1,146 level, but the week-end session' began to' experience a faster market, General buying activity was witnessed, and the market advanced back to' $1,148.70 from $1,146.70, the oMfciat opening rat thus giving the largest dally movement during the period under review.
Text read from the printed page and cleaned; old type leaves the occasional error.