The Archive · 1939

Ban SILVER

London pence per std. oz. N.Y. cents per oz. troy Bombay Rs. per 100 tolas Bombay offtake 20 bar:

London silver was % up both ready and forward, being 19% for ready and 194, forward. New York was unchanged at 42% and Bombay was 5 annas up at 5140.

It was reported there were small Chinese sales. India and speculators bought. Business was moderate, and the market ruled steady. After the official fixing the market was quietly steady. India bought at the fixed rate, but sellers were reserved.

The local exchange market opened with sellers to merchants at 6H

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

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