FOREIGN EXCHANGE

Dominion, Volume 28, Issue 92, 12 January 1935, Page 10

FOREIGN EXCHANGE

On New Zealand Currency Basis LATEST QUOTATIONS The Bank of New South Wales, Wellington, quoted the following rates for their purchases and sales of foreign exchange yesterday;—

T.T. represents telegraphic transfers. O.D. lepresenis on demand transactions. The above rates are subject to alteration without notice. New Zealand Pound Abroad Based on the rates quoted yesterday by the Bank of New South Wales, £1 New Zealand was worth approximately: 16/1 in London. £l/0/1 in Australia. 16/0$ in U.S.A. 15/11$ in Canada. 9/6 in France. 9/9$ in Italy. 9/4$ in Germany 9/4$ in Java. £l/7/10 in Japan. London-Australia Exchange By Telegraph.—Press Assn. —Copyright. London, January 10. The Anglo-Australian banks have altered their London selling rates on Australian drafts and mail transfers,• either by air or ordinary, to f125/l/3 for £100; cable transfers, £125 for £lOO. . DEALINGS ON ’CHANGE Yesterday’s Sales The following sales were recorded yesterday on the stock exchanges men-

Wholesale Prices Higher (British Olllcial Wireless.) Rugby. January,9. The average of wholesale prices last year was greater by 3.2 per cent, than in 1933. index numbers being 87.2 and 84.5 respectively—l93o equalling 100. The rise in 1934 followed declines of 0.7 per cent, in 1933, 2.4 per cent, in 1932. and 12.8 per cent, in 1931 London Egg Market By Telegraph.—Press Assn.—Copyright. London. January 10. Eggs arc slightly firmer owing to colder weather. Australian fourteens, 8/9 Io 9/- per long 100 (120 eggs) ; fifteens, 9/9 to 10/-: 10/3 to 10/6; seventeens, 10/9.

Buying. Selling. France — Francs to £1 OJ). 60.33 ->0.03 60.03 59.08 Noumea — Francs to £1 N.Z T.T. O.D. / 61.28 5S.2S 61 .OS 58.33 Papeete— Francs to £1 N.Z. .... T.T. O.D. 01.2S 58.28 61.6S 58.33 Belgium— Belgas to £1 N.Z T.T. O.D. 17.195 10.495 17.295 16.510 Germany— Reichmarks to £1 N.Z. T.T. O.D. — 9.G10 —: 9.615 Italy— Lire 1o £1 N.Z T.T. O.D. — 45.40 45.44 Switzerland — Francs to £1 N.Z T.T. O.D. 12.3S1 11.981 12.456 11.99.1 Holland — Florins to £1 N.Z T.T. O.D. 5.900 5.710 0.010 5.714 Java— Florins to £1 N.Z T.T. O.D. 5.923 . 5.098 5.973 5.702 Japan— N.Z. pence to 1 yen T.T. — 17 21-32 Shanghai— N.Z. pence to 1 dollar T.T. O.D. 20 17-32 21. 27-32 20 13-32 21 25-32 India and Ceylon— N.Z. pence to 1 rupee T.T. O.D. 22 9-32 22§ 22 5-32 .22 9-16 Hong-Kong— N.Z. pence to 1 dollar T.T. O.D. 25 19-32 20 21-32 25 15-32 20 19-32 Singapore — N.Z. pence to 1 dol. T.T. O.D. 34 7-16 35$ 34 5-16 35 5-1G

Honed: — WELLINGTON £ s. d. Inscribed Stock, 4 p.c., 1946 .... 105 10 0 Ditto, 4 p.c., 1940 ....105 12 6 Reserve Bank .... 6 12 0 N.Z. Refrig., 10/- paid (2) . .... 0 10 4 N.Z. Breweries S Queensland Brewery .... 1 7 11 Unlisted:— Woolwortlis Ltd., old .... 4 2 6 AUCKLAND. £* u d. Auckland city, 41 n.c., 1944-62 104 10 0 Ditto, 4i .p.c., 1944-60 .... .... 101 10 0 Comm. Bank of Aust., pref. .... 10 0 0 National Bank of N.Z .... 3 10 J) Bank of New South M ales (2) 31 15 0 Bank of New Zealand .... 20 0 Reserve Bank .... 6 12 0 Union Bank .... 9 1 6 Renown Collieries, pref. .. .... 0 2 0 Consol. Brick .... 0 10 — Farmers’ Trading .... 0 7 0 Big Elver ■\Vaihi .... 0 2 .... 1 10 9 6 Unlisted— K.D.U. Box, 10/1 paid Woolwortlis (Syd.), ord. .. .... 0 15 *» .... 4 2 3 THHzi . . .... 4 2 6 CHRISTCHURCH. d Comm. Bank of Aust., cum Bank of New Zealand (4) .. div. 0 16 4 .... 2 9 0 National Insurance .... 11 7 N.Z. Refrig., £1 paid, cum div. 1 1 6 Ditto, 10/- paid, cum div. (2) 0 10 G Ditto, 10/- paid, cum div. (2) 0 10 7 Tooths Brewery .... 2 10 9 Colonial Sugar .... 42 10 0 Sun iNewsipapers .... O 3 0 Alexander Mines, L>/- paid .... 0 16 «> Mount Lyell (3) .... 0 17 0 Sales reported— National Bank of N.Z .... 3 10 o Union Bank, cum div .... 9 0 0 Dalgety and Co .... 8 7 10 N.Z. Guarantee Corporation .... 0 5 N.Z. Refrig., 10/- paid, cum div. 0 10 7 Mount Lyell .... 0 17 i Skippers .... O 0 8 Timaru Brewery .... on 6 DUNEDIN. 1* < <1. Big River .... 0 2 9 Sales reported — Inscribed stock, 3} p.c., 1939-43 1(h) 0 0 Ditto, 4 .p.c., 1M0 ... . 103 10 0 ■ Ditto, 4 p.c., 1346 .... 105 10 0