FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 333, 14 January 1937, Page 6

FINANCIAL NEWS

BASE METALS MARKET Copper Slightly Easier. Press Association—Copyright. London, January 12. The official London (middle) quotations for Tuesday, as reported by the Australian Mines and Metals Association, compare with those previ ously cabled as follows:

FOREIGN EXCHANGES On New Zealand Currency Basis.

The Bank of New South Wales, Wellington .quoted the following rates for their purchases and sales of foreign exchanges:— New Zealand Buying. Selling, ou London ... T.T. 124 124/10/£N.Z. to £ stg. 100 . O.D. 123/10/-124/8/9 Australia .. T.T. £A to £lOO O.D. 101 100/10/Fiji T.T. £Fto £lOO O.D. 90/7/6 89 New York . T.T. 3.97 3-8 3.933 Doi. to £. O.D. 3.98 5-8 3.944 Montreal .. T.T. 3.9.71 3.933 Doi. to £. O.D. 3.981 3.944, Austria .... T.T. 20.63 Schgs. to £ O.D. 20.65 Belgium .... T.T. 23.262 Doi. to £. O.D. 23.273 Czechoslov.. T.T. 111.88 Crs. to £. O.D. 111.93 Denmark ... T.T. 18.203 17,893 Kr. to £.. O.D. 18.263 17.903 I 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 Flsfl to £ O.D. 7.165 Italy T.T. 74.74 Lire to £ O.D. • 74.79 Java T.T. 7.121 Fls. to £ O.D. 7.125 Norway ... T.T. 16.181 15.891 Kr. to £ . O.D. 16.241 15.901 j Sweden ... T.T. 15.785 15.490 | Kr. to £. O.D. 15.845 15.500 ! Switzerland. T.T. 17.093 | Frs. to £. O.D. 17.098 I Shanghai .. T.T. 17 51-64 18 19-64-- | d. to 1 dol. O.D. 17 49-64 18 9-32 . • Hong Kong T.T. 1819-64| 18 51-64 j d. to 1 dol. O.D. 18 17-64 18 25-32 | India and Ceylon .. T.T. 22 13-32 22 11-16 -I d. to rupee O.D. 22 3-8 22 43-64 Japan .... T.T. - 17 15-32 d. to 1 yen O.D. 17 29-64 Singapore . T.T. 34 23-32 35 13-64 d. to 1 dol. O.D. 34 5-8 35 3-16 The Associated Banks (other than the Bank of New South Wales) quoted the following dollar rates on Saturday on a New Zealand currency basis. They are subject to alteration without notice. U.S.A. Dol. Canadian Dol. Selling (Per £1 N.Z.) (Per £1 N.Z.) T.T. 3.932 3.93 5-8 O.D. 3.944 3.94 1-8

Buying O.D. 3.98 5-8 3.98 3-8

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 Loudon. £l/0/1 in Australia. 16/2 in U.S.A. 16/2 in Canada. 13/62d in France. 16/2 in Italy. 9/6Jd. in Germany. 11/9 in Java. £l/8/12 in Japan.

Jan. 11. Per ton. Jan. 12. Per ton. Copper— £. s. d. £ s. d. Standard, spot 53 1 3 51 0 0 Do., forward . 53 3 9 51 13 13 Electrolytic . 57 5 0 56 0 0 to 58 0 0 57 0 0 Wire bars 58 0 0 57 0 0 Lead —■ Spot 28 3 9 28 5 0 Forward .... 28 0 0 28 1 3 Spelter— Spot 20 13 9 21 18 9 Forward .... 20 18 9 22 1 3 Tin— Spot 230 12 6 230 15 0 Forward .... 231 12 6 230 12 6 Silver — Standard,peroz. 21id 21 1-Sd Fine 22 15-lGd 22 13-16d