The Archive · 1938

Ban SILVER

London pence per std, oz. N.Y. cents per oz. troy Bombay Rs. per 100 tolas Bombay offtake 40 bars.

READY ron' 20A, 19 4234 Dru London silver was unchanged for ready and down forward, being 20% for ready and 19, forward. (New York was unchanged at 42% and Bombay was 4 annas up at 51.07.

It was reported speculators bought and sold. American trade bought. Business was, moderate. Market ruled barely steady. After the official fixing the market was quíetly steady, with sellers reserved.

The local exchange market opened with sellers to merchants at 8% sterling and 16.- U.S.

The Interbank market was again quiet and though there was the usual spurt after the opening of the market, it soon relapsed to the opening rate. At the opening there were sellers for November at 8% sterling and 16.—USS and business was done as high as 8s sterling and 16,4 U.S.$.

At the close there was sellers att—

8% sterling 16- USS Nov. 158 Dec. 8% 15%, Jan.

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

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