New York closing rate for May 14 40214 Local Sellers of 0.5.3 against at the close 3901; Local Buyers of U.S.$ against at the close 5915
The local market opened with sellers at 34d. sterling and 51! U.SS, with business being done immediately after the opening at these rates. Later sellers retired on buyers predominating and quotations eased to 34d. sterling and 5/, USS. with little or no business passing at this level. Just before the morning close however, steadier feeling prevailed and rates moved back to the opening basis, and continued without change for the remainder of the day, finally closing with a steady undertone, there being sellers at:
3 Sterling 54 USS.
Cash /June
Text read from the printed page and cleaned; old type leaves the occasional error.