The Archive · 1938

READY FORD]

man SILVER

London pence per std. oz.

185 N.Y. cents per oz. troy Bombay Rs, per 100 tolas 5000 Bombay offtake 25 bers.

London silver was jy up both ready and forward, being 194, for ready and 18% forward. New York was unchanged at 4234 and Bombay was 1 anna up at 50,00, It was reported there was a little speculative buying. Offerings were small, Market steady, After the official fixing quietly steady conditions prevailed, The local exchange market opened with sellers to merchants at 8% sterling and 18, USS.

The Inter-bank market was subject to very small fluctuations during the day, and after opening at 8% sterling and 18s, U: S.$ remained around this level for the rest of the day. Closing quotations were:—

838 sterling 8j, USS Cash June July Foreign Exchanges Bombay Rupee T. T. on: June 38. Japan 79% London 1/5 New York 27216 2 months Shanghai 514,, (sellers) 1/55 Hongkong 85% (buyers).1/5]j

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

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