Domestic exchange rates. Rates for domestic exchange issued, in New York are not published.
To ascertain the rates it is necessary to make inquiry of banks; the business is almost entirely in
the hands of the banks.
At other points the rates on New York and also on a few other important centres like Boston,
Chicago, San Francisco, Philadelphia and St. Louis are published. When quoted in cents (or
dollars) it is meant that the rate is so much premium or discount, as may be specified, on each
$1,000. In some instances the rate is in percentage—so much per cent premium or discount.
To ascertain the rates it is necessary to make inquiry of banks; the business is almost entirely in
the hands of the banks.
At other points the rates on New York and also on a few other important centres like Boston,
Chicago, San Francisco, Philadelphia and St. Louis are published. When quoted in cents (or
dollars) it is meant that the rate is so much premium or discount, as may be specified, on each
$1,000. In some instances the rate is in percentage—so much per cent premium or discount.
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