FOREIGN EXCHANGES

Dominion, Volume 32, Issue 155, 27 March 1939, Page 12

FOREIGN EXCHANGES

Position Of Sterling By Telegraph.—Press Assn.—Copyright. (Received March 26, 6.30 p.m.) LONDON. March 25. The following mean closing rates on foreign exchanges were current today compared with those ruling on March 24:

Gold.—£7/8/11 an ounce, fine. Silver. —Spot, 20d. an ounce; forward, 1911-10 d. On New Zealand Currency Basis The Bank of New South Wales, Wellington, quoted the following rates for their purchases and sales of foreign exchange on Saturday:— New Zealand Buying. Selling.

The Associateu Banks (other than the Bank of New South Wales) quoted the following dollar rates on Saturday, on a New Zealand currency oasis. They are subject to alteration without notice

Bulolo Gold Production Bulolo Gold Dredging Ltd. reports that for the month of February the total gross production amounted to 14,8480 z. of bullion containing 10,2460 z. of fine gold from 1.136.000 cubic yards. Estimated working profit. 72430 z. of fine gold. The above production is equivaletil Io £89.052 and working profit to £63.376 on the basts ol £B/15/- (Australian) a fine ounce of gold. Martha Operations The ‘ following information has been cabled to London from the Martha Mine, Waihi: —For the period ended March 11, comprising twenty-two crushing days, 16,297 tons of ore were crushed for a result of -1592 fine ounces of gold and 29.427 fine ounces of silver. Number 3 level: K branch lode. Driving cast oi Lovett south crosscut, the next 14 feet is ore of good grade, based on a stoping width of five feet. Driving west, the next 11 feet is not payable. British Treasury Bills (British Ollicial Wireless.) RUGBY. March 24. The total tunutint applied for in tendens for £45.(100.000 of Treasury bills was £57.875.000. 'Pho :iverage rate tier cent, for hills at three months was 11/7.44. as against 10/10.48 a week ago. Wall Street Turnover llv Telegraph Press Assn.-Copyright.

NEW YORK. March 24

'Plte turnover on the New lork Stock Exchange today totalled 650,000 stocks and shares.

Par. Mar. 24. Mar. 25. N. York. <101. to £ 4.866 4.68.} 4.OS} Montreal, dol. to £ 4.860 4.701 4.70 5-16 Paris, francs to £ 124.21 176 53-64 176 59-64 Brussels,- bel. to £ 48.611 27.835 27.835 Geneva, fr. to £ 25.225 20.805 20.825 linst’daiu, fl. to £ 12.107 8.82} 8.82 3-16 Berlin, niks. to £ 23.43 11.67 11.67 C’liageu, knr. to £ 18.159 22.40 22.40 Bt’liolm, knr. to £ 23.43 19.40 19.40 Oslo, knr. to £ 18.139 19.90 19.90 Hels'kl, inks, to £ 193.23 226.7 o 226.75 Prague, knr. to £ 134.25 Madrid, pes. to £ 25.225 — — — —— Lisbon, esc. to £ 1CXJ not 110} Milan, lire to £ 92 89 1-16 89 1-1G Alliens, drac. to £ 375 5-17.50 547.50 Bucharest, lei to £ 813.60 J60 660 Belgrade, din. to £ 276.31 209 209 Bio de J., p. to mil. 4.99 3 1-16 3 1 • 16 B. Aires, p. to pesa 47.62 20.33 20.31 11. Video, v. to peso 51 18} 18} Calcutta, p. to rup. 18 17 31-32 17 31-32 Shanghai, p. to dol. 18 —— —• H. Kong, p. to dol. — 14 29-32 14 29-32 Y’liama, p. to yen 21.382 14 14 Batavia, 11. to £ 12.107 8.S0 8.80 LONDON, March 25.

London T.T. 124/7/6 125 £ N.Z. o £stg. 100 ... O.D. 123/18/9 124/19/6 Australia T.T. 100/10/100 £Ato £N.Z. 100 O.D. 100/10/100 T.T. 90 88/12/6 £F to £ N.Z. 100 O.D. 90 88/12/6 New York T.T. 3.77uS 3.7325 Doi. to £N.Z. . O.D. 3.7S0S 3. i 33«j Montreal T.T. 3.7887 3.7487 Doi. to £N.Z. . O.D. 3.7074 3.7497 Belgium T.T. 22.486 22.176 Bel. to £N.Z. . O.D. 22.561 22.181 Den mark T.T. 18.1-10 17.830 Krn. to £N.Z. . O.D. 18.200 17.832 Finland T.T. 184.79 178.99 Mks. to £N.Z. . O.D. 185.19 179.09 France T.T. 143.06 140.56 Frs. to £N.Z. . O.D. 144.31 140.58 Germany T.T. — 9.273 Mks. to £N.Z. . O.D. — 9.275 G recce T.T. - 429.20 429.35 Holland T.T. 7.165 7.015 FIs. to £N.Z. . O.D. 7.205 7.017 Italy -... T.T. - 70.97 Lire to £N.Z. . O.D. — 70.99 Java ... T.T. 7.144 6.994 FIs. to £N.Z. . O.D. 7.184 6.996 Norway T.T. 16.126 15.836 Krn. to £N.Z. . O.D. 16.186 15.839 Noumea T.T. 145.56 138.S1 . Frs. to £N.Z. . O.D. 147.06 13S.85 Papeete T.T. 144.96 13S.96 Frs. to £N.Z. . O.D. 146.46 139.00 Sweden T.T. 15.734 15.439 Krn. to £N.Z. . O.D. 15.794 1 5,44 2 ■ Switzerland T.T. 10.842 lu.572 £N.Z. . O.D. 16.942 15.575 18 51-64 N.Z. d. o Doi O.D 18 20-64 18 51-61 India am Ceylon T.T. 22} 22 1 1 -32 N.Z. d. to Hup. O.D. 22 7-32 22 17-o2 J anan . . T.T. - H 17 37-61 N.Z. d. to Yen O.D. — 17 37-64 Manila T.T. 31 35-64 32 i N.Z. d. o Peso O D 31 29-64 321 Shanghai T.T. - 11 1-32 N.Z. d. to Doi. . O D. - 11 1-32 Singapore . ... T.T. 34 31-64 34 31-32 N.Z. d. to Doi. . O.D. 34 25-64 34 31-32 South Africa . - T.T. 123/7/6 125 £N.Z. to £S.A. 100 . - O.D. 123 125 *

U.S.A dollars Canadian dollars. Selling— i Per £ N Z.» • Per £ N.Z.) T.T. 3.72 3-16 3.733 O.D. 3.721 3.74| Buying0.13. 3.78 3.793