London, July 24.
Fairly active conditions prevailed on the London foreign exchange market to-day, with sterling ruling steady in terms of dollars and slightly easier in relation to francs.
The cross-rate on New York opened with a gain of 7 points. from the previous New York on London close to 49650 and remained steady at this level until towards the close of the market, when a further advance of 22 points brought the quotation to 496.72, Opening with a loss of six points to 133.12, French francs lost another sixteen points an hour later to 18296. At the end of the session a rally occurred and a gain of sixteen points reverted the rate to the opening level of 183.12, Fine gold in the bullion market was fixed at 140/014. an advance from yesterday.
Silver ruled steady. At the official fixing, "spot" and forward were both quoted at 20 pence, advances of Md. and yd, respectively. India bought and sold The rubber market remained closed —Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.