The Archive · 1938

London Silver Market

London, Feb. 17.

Messrs. Mocatta and Goldsmid, in their weekly bullion letter, wri The tendency of the silver market during the past week has been rather easier, with India a seller, possibly on the weaker trend of the dollar exchange, At the lower level, there has been some speculative demand, and we do not look for a much further decline.

The extension of bear commitments has provided the greater part of business, and the premium on "spot" increased to a Jd. on February 14 though it has since narrowed, Stocks of silver in London at the end of the week totalled 4,000,000

Copper, Standard, cash sellers £40 4-35; 3 mths sellers £404.

Electrolytic buyers £4313 une sellers £4413 +34. n. Stan. Cash sellers £185 +14; 3 mths sellers £18432 +14. Lead, foreign, official price sellers £15% +x: 3 mths del. sellers £15m +3. Spelter, Ordinary. official price' sell £14 435. 3 mths del. sellers £14/, +34 - Reuter. oe

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

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