The Archive · 1941

53/£ CROSS RATE CASH QUOTATIONS

New York closing rate for July 29 Local Sellers of 0.58 against at the close Nominal 308 Local Buyers of USS against at the close Nominal 399%

The local market opened with sellers at 84d, sterling and 55, U.S$, The market showed a tendency right from the opening to ease slightly in sterling and to rule steady in USS consequent on U, S$ overboughis covering, and orders from Outports to sell U.S.$ against sterling, Although 5% USS never became a general seller. considerable business was transacted on this basis, At the close the market was quiet with some sellers at:—

Sid. sterling 5% U, S.$—Cash/Aug.

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

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