The Archive · 1938

MERCHANTS CLOSING. RATIS SELLING BUYING

Oct/Nov.

19 we Muis (Ord) 1949 ini. Assurance 1644 4 m/s. Lo. 6 ea 4m/s, 65 45 Tas. 45% an DAR mace rono London pence per std. oz. iya 194 N.Y. cents per oz. troy Bombay Rs. per 100 tolas wis bombay offtake 20 bars.

Mut. assurance Law bwo Mills (Ord)

aw Shai Land Sha rower (Pret) 299 ant. Assurance Saar Lana iw v. u. Umubus London silver was jy up both ready and forward, being 19% for ready and 19,4 forward. New York Was unchanged at 4234 and Bombay was 5 annas down at 50.14.

It was reported India and speculators bought. Offerings were small. Mndia sold at the advance. Market steady. After the official fixing the market ruled quietly dull, with the metal inclined to be offered at the fixed rate.

"The local exchange market opened with sellers to merchants at 8jy sterling and 151g U.S.$.

The Interbank market was very quiet and very little business was done, There were sellers at the opening at 8f; sterling and 16 U.S$ and buyers at 8j" sterling and Gry U.S$ for cash there being no variation on these rates for the day. Business was done at the higher rates, and tHere were sellers on this basis for a time, but the market soon relapsed to the opening rates.

At the close there were sellers at:

16.- USS Cash 1538 Nov. 155 Dec. n" (sellers)

(buyers) 1/543

London £ Sterling T. T, on: ww S'har Land Cheng 14) Snu Land ww S'hai "Loan ayer sawah lov Sual Lea s. W. W. Fittings

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

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