New York closing rate for July 12 40315 Local Sellers of U.S$ against at the close Local Buyers of USS against at the close 392)
The local market opened with sellers at 355d, sterling and 5% U.S.$, but continued Bank selling made the market steady, and quotations moved up gradually to 35d. sterling and 54 USS with considerable business passing. Later in the day buyers predominated and there was a slight reaction to 3%d, sterling and 5j, USS, These latter rates were maintained during the afternoon on a quieter market, closing without further change with sellers at:—
Bd, sterling 54, U.S.$ Cash/Aug.
Text read from the printed page and cleaned; old type leaves the occasional error.