The Archive · 1938

SELLING BUYING

LOCAL EXCHANGE REPORT Messrs, Drakeford, Davis & Wilson Inter Banx Casa DELIVERY MERCHANTS CLOSING RATES

March Miy 4 m/s. LO.

953 995 20 Ye 295 The T d/s.

BAR seven London pence per std. oz. 20% 204 RIY. cents per oz. troy "44% Bombay as. per 10 tolas 9104 Bombay offtake nil bars. Market dull.

London silver was jy up for ready and!& up forward, being 20% for spot and 20j, forward. New York was unchanged at 4454 and Bombay was 2 annas up at 51.04.

It was reported India and specula-"tors bought. Market quietly steady. After the official fixing very quiet conditions prevailed, The local exchange market opened with sellers. to merchants, 1/23 Sterling 204 USS and 100% Yen.

The Interbank market was similar to the previous two days, A few isolated forward transactions were done and the tone was slightly better, but there was no activity,

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

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