London pence per std. oz. 19 18th N.Y. cents per oz. troy Bombay Rs. per 100 tolas 49.15 Bombay offtake 25 bars.
London silver was unchanged both ready and: forward, being 19.- for ready andl8}j forward. New York was unquoted and Bombay was 3 annas up at 49.15, It was reported India bought. Speculators sold, Business was small, Market ruled steady, The local exchange market opened with sellers to merchants at 8—sterling and 16% U.S$.
The Inter-bank market opened with nominal rates of 8y sterling and 17% USS for cash, but soon after the opening there were good buyers and rates declined rapidly, at one time best sellers being 8d, sterling and 164, USS, but from this basis there was some reaction to sellers at 8% sterling and 16) U.S.$, and for the rest of the day the market was steadier at the lower basis. At the close there were sellers:—
8j; sterling—16034 U, S$ Cash/June 165 July
Text read from the printed page and cleaned; old type leaves the occasional error.