London pence per std. oz. N.Y. cents per oz. troy Bombay Rs. per 100 tolas 51.02 Bombay offtake 25 bars.
London silver was unchanged for spot and j, down forward, being 20% for ready and 19% forward. New York was unchanged at 42% end Bombay was 1 anna up at 51.02.
It was reported speculators sold forward. Business small Market steady. After the official fixing the market ruled very quiet.
The local exchange market opened with sellers to merchants at 8j; sterling and 16, U.S§.
"The Interbank market was very active and from the outset there were keen sellers. There were ellers at the opening at 84] sterling end 16 USS and between those rates and 8j sterling and 16H U.S$ very little business was done owing to absence of buyers The market reacted slightly before the close, but was steady with sellers at:
8H sterling—164, USS Cash Dec. eH, ies Feb. 1939 Jan., 1939
Text read from the printed page and cleaned; old type leaves the occasional error.