The Archive · 1938

Merchant Closing Rates

smal 4 aya! de oan SILVER

London pence per std. oz N.Y, cents per oz, troy Bombay Lis. per 100 tolas Offtake bars.

and steady.

Ready For'd Mi closed Market quiet London, Jan. 10.

On the stock exchange to-day copper shares responded to the improvement in the metal price, and several good gains were recorded. Kaffirs also continued upward, while the remainder of the market was very quiet and narrow, but the undertone was mostly satisfactory. Far Eastern issues, however, weakened further.—Reuter.

By courtesy of Swan, Culbertson & Fritz and Benjamin & as ker Reuter 7 10 War Loan ato (Red) Zug 102

London silver was % down both ready and forward, being 19) for spot and 19% forward. New York was unchanged at 44% and Bombay was closed, It was reported Speculators sold, Support was small. Market quiet steady. After the official fixing conditions were very quiet, but the undertone of the market was firm on me reserve of sellers.

The Jocal exchange market opened with sellers to merchants at 1/27 Sterling 20/, U.S$ and 101% Yen. During the morning the market was inclined to be firm and Interbank selling rates improved to 1/28 Sterling and 294 U.S.§ for January Delivery and 1/2 Sterling and 295: USS for February delivery. At these rates there were some buyers, but the market remained steady till' late in the afternoon when rumours of u possible declaration of War brought nut further buyers and caused a slight decline and a tendency to buy Sterling at 1/19} for February delivery.

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

Your account