FOREIGN EXCHANGE

Dominion, Volume 28, Issue 104, 26 January 1935, Page 10

FOREIGN EXCHANGE

On New Zealand Currency Basis LATEST QUOTATIONS The Bank of New South Wales, Wellington, quoted the following rates fur their purchases and sales of foreign exchange yesterday : — i’uying. Selling France —

Francs to £1 N.Z T.T. 60.53 59.23 O.D. 60.83 59.28 Noumea— Francs to £1 NZ T.T. 61.48 . 55.4 S O.D. 61. SS 58.53 Papeete— Francs to £1 N.Z T.T. 61.48 58.48 0.1). 61.88 58.53 Belgium— Belgas to £1 N.Z T.T. 17.320 16.620 O.D. 17.420 16.635 Germany— Reiehmarks to £.l N.Z. T.T’. — 9.626 O.D. — 9.631 Italy— Lire to £1 to £1 N.Z. T.T. — 45.58 O.D. — 45.62 Switzerland — Francs to £1 N.Z T.T. 12.425 12.02, > O.D. 12.500 12.035 Holland— Florins to £1 N.Z T.T’. 5.980 7.730 O.D. 6.030 5.734 JavaFlorins to £1 N.Z. T.T. 5.947 5.722 O.D. 5.997 5.726 Japan— N.Z. pence to 1 yen T.T. — 1‘ s Shanghai— N.Z. pence to 1 dollar T.T. 20 29-32 22 7-32 O.D. 20 25-32 22 5-32 India and Ceylon— N.Z. pence to 1 rupee T.T. 22 11/32 22 11-16 O.D. 22 7-32 225 Hong-Kong— N.Z. pence to 1 dollar T.T. 26 7-32 27 9-32 O.D. 26 3-32 27 7-32 Singapore— N.Z. pence to 1 dol. T.T. 34 7-16 35J O.D. 34 5-16 35 5-16

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. 15/11} in U.S.A. 15/10} in Canada. 9/64 in France. 9/16} in Italy. 9/5 in Germany. 9/54 in Java. £l/7/11 in Japan. Position of Sterling By Telegraph.—Press Assn —Copyright. London, January 24. The following rates on foreign exchanges were current to-day-, compared with those ruling on January 23:—

tSellers. official. 'Sellers. JPar, 8.23 31-32 since dollar devaluation on February 1. 1934. Gold and Silver. Ijondon. January 24. Gohl—per* fine ounce. Silver—Cash, 24 5-Sd. per ounce; forward, 24’fd. BILLS ON AUSTRALIA New Air-mail Rates By Telegraph.—Press Assn. —CopyrightLondon, January 24. The Anglo-Australasian banks announce tlie following new rates for purchasing bills on Australia, sent direct by air mail: Per £lOO, sight. £126/2/6; thirty days, £126/12/6; sixty days. £127 2/6; ninety days. £127/12/6. Air-mail postage will be charged to customers. BASE METALS MARKET Copper Still Easing By Telegraph.—Press Assn —Copyright (Received January 25, 9.5 p.m.) London, January 21. The official London (middle) quotation? for 'Thursdav. us reported by the Australian Mines Olid Metals Association, compare us under with those previously cabled:—

Wellington Poultry Prices Prices of live poultry on the Wellington markets this week are quoted by Townsend and Paul Ltd. as follow:— Fowls: White Leghorns, hens, 1/6 2/-; cockerels. 1/6 to 1/9; pullets. 3/- to 4/-. Black Orpingtons: liens (heavy!, 3/- to 4/-; hens (medium). 2/- to 2/C; cockerels (heavy), 3/3 to 3/6: cockerels (medium). 2/- to 2/3. Ducks: Indian Runner:. Young, 2/3 to 2/6; old. 2/- to 2/3. White: Heavy. 2/6 to 3/-. Geese: 3/6 to 4/-. Turkeys: 9d. to 1/- lb.

Jan. 24. Jan. 23. $Par. N. York. dol. to £ 4.88 9-16 4.89 1-8 4.8GG Montreal, dol. to £ 4.SS5 4.89 4.8G6 Paris, £r. to £ 74 17-32 7413-32 124.21 Brussels, bel. to £ 21.09 21.03 35.00_ Geneva, fr. to £ Amst'dam, fl. to £ 15.19 7.275 15.155 2* i 7.261 12.107 Milan, lire to £ 57 9-16 577-16 92.46 Berlin, inks, to £ 12 25 12.23 20.43 St’holm., knr. to £ 19*395 19.395 18.159 C'hagen, knr. to £ 22.395 18.159 Oslo. knr. to £ 19.90 19.90 18.159 Vienna, scligs. to £ 26.25 26.625 34.585 Prague, knr. to £ 117 9-16 117.375 164.25 l-tel'tors, mks. to £ 226.50 226.50 193.23 Madrid, pes. to £ Lisbon, ose. to £ 35 31-32 35 29-32 110.125 25.225 110.125 110 Athens, dracli. to £ *51(1 *515 375 Belgrade, din, to £ 216 216 - 276.31 Bucharest, lei to £ 487.50 487.50 813.60 Warsaw, zloty to £ 25.93 — 43.38 Rio de J., p. to mil. ~4 4 5.899 B. Aires, p. to peso 7301 47.62 M. Video, p. to peso 739 5-8 |39 7-8 5.1 Calcutta, p. to rup. 181-8 181-8 18 Shanghai, p. to dol. 17 7-16 174 — II.-Kong, p. to dol. 21J 211 —— Y’hama, p. to yen 14 14 24.582 Batavia, 11. to £ 7.265 7.235 12.107

Jan. 23. Per ton Jan. 24. Per ton Copper— u d e s. n Standard .... ... 2S 1 10 J 27 13 1 Standard, forn t rd 28 0 10 J 27 18 9 Electrolytic ... 31 0 0 30 15 0 to 31 10 0 31 5 0 Wire liars .... ... 31 10 0 31 5 0 Lend— ... 10 8 9 10 8 9 Forward ... ... 10 11 3 10 8 9 Spelter— P u t ... 11 18 9 11 IS 9 Fur ward ... 12 2 G Tin— <) 232 11 3 Forward .... ... 228 IS 9 228 IS 9 Silver— Standard, per o . . 24 5-Sd. 24 5-Sd. Fine ... 20 9-1 (hl. 20 9-lGd. tA nioricfln 30.90 cents « Hi.