The Archive · 1938

Merchants Closing Hates

sai wa Cash April/May uw. yp 4m/sle 1/1 27 4w/b Lo. 274 yr. 80 4 m/s, 920 YE: 72% ra 13 pan SILVER

READY FORD

London pence per std. oz. 1814 1816 N.Y, cents per oz. troy 424 Bombay Rs. per 100 tolas 49.09 Bombay offtake 25 bars.

London silver was ў; down both ready and forward, being 181) for spot and 18/4 forward. New York was unchanged at 42% and Bombay was 5 annas down at 49.09.

It was reported India and speculators sold. There was mot much buying. Market steady. After the official fixing the market ruled quietly steady, with buyers at the fixed rate and sellers at myth over.

The local exchange market opened with sellers to merchants at 1/1- sterling and 27.- USS.

The Interbank market opened with nominal sellers at 1/L- sterling and 27: USS for cash, but only small transactions were done this basis. Later the market was easy and rates 5 declined. At the close business was done at 1/0) sterling ana 26% USS.

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

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