The Archive · 1938

T BAR SILVER

ndon pence per std. oz. 184] 1852 LY. cents per oz. troy—42A Bombay Rs. per 100 tolas 49.10 Bombay offtake 25 bars.

London silver was % up both ready ud forward, being 18}} for ready and 18% forward. New York was unchanged at 42% and Bombay was 1 anna up at 49.10.

It was reported speculators bought. Offerings small, Market quietly steady. After the official fixing the market was very steady with a little American trade buying at yth over the fixed rate, The local exchange market opened with sellers to merchants at 9% sterling and 18% U, S4.

The Inter-bank market opened with sellers at 9% sterling and 18% U.S.$ and no buyers but no improvement of wth in sterling and % in Dollars Brought out buyers,. A fair business was done on this basis but all offerings being absorbed the market became easier and ultimately declined steadily. The market closed easy with best sellers at:—9% sterling 18% U.S.$ Cash 9d; 18H June [7] " 185 ow July

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

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