The Archive · 1939

Cross RATE

London, May 5.

"Spot" silver remained unchanged today, while "forward" moved slightly higher, with quotations being May 4 May 5 London spot 20%d. forward 20d. gold 148/6d.

148/6d.

London/New York:

One pound U.S.$4.6813 $4.6813 One U.S, dollar 51.267d.

51267d.

—Reuter. a sharn demand for National currency £—Whereas before their outlewini, considerable amounts of fapi poured into e Concessions from the outside, whenever the premium on them increased sharply in the foreign areas, thus al-deviating the situation, this does not occur any more.

3—Since the enforcement' of the notice by the Tientsin Superintendent of Customs that exports of twelve kinds ^f goods will he authorized only upon the purchase of foreign exchange at the rate of 1 shilling 2 pence by means of FRR. notes, the snoply of fan obfainable from foreign banks has been decreased, 4—A heavy buying of tani has been going on by speculators who are antici-patina a further rise in the premium of ihe Nationalist notes, thus causing a further strain

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