The Archive · 1941

Merchant Closing Rates

May May/July, sama ww ea, 3% sins USS T.T. 4 mysle. 51% Rs: TT. 18% 15 d/s. 18% man SILVER

READY FoR'

London pence per std. oz, 2%, Ife N.Y. cents per oz. troy Bombay Rs. per 100 tolas 6210 Bombay offtake 200 bars.

U.S. $/£ CROSS RATE CASH QUOTATIONS, New York closing rate for May 19 4.0314 Local Sellers of U.S$ against at the close 3.92 Local Buyers of USS against at the close 9.98

The local market opened with sellers at 34d. sterling and 531 USS for cash delivery.

Right from the opening the undertone was steady and rates improved on speculative selling to 3¥d. sterling whiler busi ness was done in USS as high as Sih.

In the afternoon the market continued steady on the basis of 3 sterling and 5ì} USS and closed without any particular feature with these rates sellers for Cash/June delivery,

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

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