FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 330, 11 January 1937, Page 6

FINANCIAL NEWS

BASE METALS MARKET Press Association —Copyright. London, January 10. The official London (middle) quotations for Friday, as reported by the Australian Mines and Metals Association, compare with those previously cabled as follows:

N.Z. Pound Abroad.

Based on figures quoted, by the Bank of New South Wales, the New Zealand pound, compared with its original par value, is equivalent to approximately:— 16/1 in London. £l/0/1 in Australia. 16/21d. in U.S.A. 16/2Jd. in Canada. 13/63d in France. 16/2 in Italy. 9/6Jd. in Germany. 11/9 in Java. £l/8/3id in Japan. FOREIGN EXCHANGES On New Zealand Currency Basis. The Bank o£ New South. Wales, Wellington .quoted the following rates for their purchases and sales of foreign exchanges on Saturday:— New Zealand Buying. Selling. on

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

Jan. 7. Per ton. Jan. 8. Pei- ton. Copper— £ s. d. £ s. d. Standard, spot 49 10 71 50 10 0 Do., forward . 49 14 4J 50 14 41 Electrolytic . 54 5 0 55 0 0 to 54 17 6 56 0 0 Wire bars .. 54 17 6 56 0 0 Lead — Spot 27 7 6 27 11 3 Forward .... 27 5 0 27 7 3 Spelter— Spot 19 6 3 20 0 0 Forward .... 19 12 6 20 7; 6 Tin— Spot 230 17 6 231 7 6 Forward .... 231 12 6 232 2 6 Silvei— Standard, per dz. 215-lfld. 213-16d. Fine . 23d. 22 7-8d.

London T.T. 124 124/10/£N.Z. to £ stg. 100 . O.D. 123/10/-124/8/9 Australia .. T.T. — — £A to £100 O.D. 101 100/10/Fiji T T £Fto £100 O.D. 90/7/5 89 New York . T.T. 3.97J 3.93 5-8 Doi. to £ O.D. 3.98J 3.94 1-8 Montreal ... T.T. 3.97 3.934 Doi. to £ O.D. 3.981 3.94 Austria .... T.T. — 20.66 Schgs. to £ O.D. — 20.68 Belgium .... T.T. — 23.269 Bel. to £ O.D. — 23,280 Czechoslov.. T.T. — 111.80 Crs. to £. O.D. — 111.85 Denmark ... T.T. 18.203 17,893 Kr. to £.. O.D. 18.262 17.903 France .... T.T. — 84.23 Frs. to £ O.D. — 84.27 Germany .. T.T. — 9.737 Rm. to £ O.D. — 9.742 Holland ... T.T. — 7.161 FIs. to £ O.D. — 7.165 Italy T.T. — 74.74 Lire to £ O.D. — 74.79 T T FIs. to £ O.D. — 7.125 Norway T.T. 16.181 15.891 Kr. to £ . O.D. 16.241 15.901 Sweden T.T. 15.785 15.490 Kr. to £ . O.D. 15.845 15.500 Switzerland T.T. — 17.085 Frs. to £ O.D. — 17.090 Shanghai .. T.T. 17 13-16 18 5-16 d. to dol. O.D. 17 25-32 18 19-64 Hong Kong T.T. 18 5-16 18 13-16 d. to 1 dol. O.D. 18 9-32 18 51-64 India and Ceylon .. T.T. 22 27-64 22 45-64 il. to rupee O.O. 22 5-64 22 11-16 Japan T.T. — 17 3-8 d. to 1 yen O.D. — 17 23-64 Singapore . T.T. 34 23-32 35 13-64 d. to 1 dol. O.D. 34 5-8 35 3-16

U.S.A. Doi. Canadian Doi Selling (Per £1 N.Z.) (Per £1 N.Z.) T.T. 3.93 5-8 3.931 O.D. 3.94 1-8 3.94* Buying O.D. 3.98J 3.98 1-8