The Archive · 1940

NEW YOUK/LONDON CROSS RATES

New York closing Rate for Cash 3.95% sellers U.S8 for Cash 3.99 buyers U.S$ for Cash......3.95%

The local exchange market opened with sellers to merchants at 4% sterling and 6% USS.

The Interbank market opened with sellers for cash delivery at Ais sterling and 6}} U.S$. During the morning end of month liquidation caused a slight hardening of rates, business having done at 44} sterling, but, once this was over, rates returned to the opening level, closing with sellers sterling 633 USS Cash/Feb. Mar.

6% n Apr.

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

Your account