HONGKONO prices roads in this ths following form;-- msrke? sre usually quoted OPENING EXCHANGE Demaud 80 d/s. 60 dis. Monday, 4th, January, SELLING Shanghai T/T. Singapore ... ... ... T/T. Japan ... ... ... T/T. India ... ... ... Demand India ... ... ... T/T. San Franoiseo and New York ... T/T. J?v? ... ... ... T/T. Marks ... ... ... T/T. Fr?uc? ... ... ... 1915 1/9 1/9? ?/9? ?/9? 78 ?8? ?o6tt Nora. 2.19? ' BUYING 4 m/a L/C. m/s. 80 d/s. Sydney an elbou 80 d/s. Ssn Franoi8oo and Newyork I m/s. Marks ... m/s. Francs ... 8 m/s Frsu? ... 0 d/s. on In&a ... Silver ready Bank ot England rates The thing which strikes the onlooker who stays in this market all day, is the great infiaence upon it of the Shanghai market; when the telegrams from Shanghai come in Shanghai the rate is quotation. usually made afresh to suit the Now the rate on Shanghai--the tael rate in the above list--would seem on purely thee- retical grcunds to be very important, as adjusting Hong- koug .gald rst/e? to the corresponding Shanghai rates. Theoretically it has a mint parity ($100=71.5 tsels) and it has silver import and export points. Yet the
Page:Indian Journal of Economics Volume 2.djvu/389
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