London pence per std. oz. 203 2014 Bombay Rs. per 100 tolas 5107 Bombay offtake 25 bars. Market Erratic.
*For retirement of bills only.
London silver was unchanged for ready and jy up forward, being 20% for spot and 20% forward. New York Was unquoted and Bombay was unchanged at 51.07.
It was reported there was a little Indian covering. Market quietly steady.
The local exchange market opened with sellers to merchants 1/0 Sterling and 24% U.S.$ for retirement of bills only.
The Interbank market was weak Owing to the reduction of the Merchant rates to 1/- Sterling and 24% USS. Fluctuations were violent and the market was either all buyers or all sellers, There was a rapid decline at the opening to 10d, a recovery io 11%, and with a few further fluctuations the market closed with business done at 11% Sterling and 23% U.S$ but no further sellers at the rates.
Text read from the printed page and cleaned; old type leaves the occasional error.