The Archive · 1940

Yonk/LOwBON CASH RATES New York closing Rate for Cash 2.7644 Locat sellers US for Cash

Local buyers USS for Cush 3.70, 'The local exchange market opened with' sellers to merehante at S|) sterling and EY USS.

"The Interbank market opened with sellers for near delivery. at 3!d-sterling and Of cents USS. Small fluctuations took place throughout the day, but on the whole the market was quiet, closing at the opening rates Of:— sterling a on!

Aug.

Agreement on their respective sphtree of optralion was resets ipthe East Avis Shipping' Company, which contiale, Jonehees conloping Bong. the Ching Tecan and the Yangiae "River and the Cental Rteamahip Coriparys newly exam Tahed" Chinese" "nations" potty company, the "Kokua reported Negotiations were launched through tne "good "ofoes "of the Japenese Governments According ter the Sareement, ihe "Gast Ava. Shipping Gempany "wil Umit. dele to. bose Yangtze ports which are already open to shipping. while the Chinese company will operate routes to all other ports.

It was also reported here today that a ¥10,000,000, concern, "the: Taihoku Sempaku Kaisha will be Set-up shortly to secure ships the transport of important materials for Japan. The firm will be a point enterprise of the leading Japanese shipping eompanies—Havas.

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

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