FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 339, 21 January 1937, Page 6

FINANCIAL NEWS

BA§E METALS MARKET u- . . Further FaH In n rices. hl'- ~ - London. January 19. The Social London (middle) quotations Tuesday, as reported by the AuSralinn and Metals' As-' sociation, compare with those previously fabled as follows:

FOREIGN EXCHANGES Qn New Zealard Currency •>; w Basis. The Sauk of New South Wales,! Wellington quoted the follow; ’ rates! for tlrere-pmchases and sales efi foreign exchanges: New Ze.lai ' Buying. Selling. I ,F» l

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.

N.Z. Pound Abroad.

Based on figures quoted by the Back 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. 16/2 in UdS.A. 16/2J- in Canada. 13/6id in France. 16/2 in Italy. 9/6i in Germany. 11/89 in Java. £l/8/1 in Japan. Butter Market Dull. Press Association—Copyright. London, January 19. Bn‘ter is dull. Danish is nominally 08/- f o 110/-; choicest salted Australian and New Zealand, 93/- to 94/-. Unsalted New Zealand, 97/-; Australian 95/-.

Jar 18. Per ton. Jan. 19. Lor ton. Copper-— £ s. d. £ s. d. Standard,spot 52 6 104 50 7 S DO., ib-TS-ard 52 8 IS . 9 4S idfectrolytie . 57 5 0 55 0 0 B tO 57 15 0 51 » 0 MRre bars •. 57 15 0 58 0 0 Le«— Spot 27 3 9 55 11 3 Forward 27 3 9 28 11 3 Sp^tei- — 21 12 9 20 5 0 Forward .. 21 18 9 20 10 0 TiiA231 17 6 229 12 G Forward ... 232 12 6 230 5 0 Siller- — Standard. per oz. 20 7-16d. 20id. Fme ■ • —

Loiidoa ... T.T. 124 ' <N.Z. to £ 124/10/stg. 100 . O.D. 123/10/-1 24/8/9 Australia .. T.T. — — £A to £100 O.D. 101 1.00/10/Fiji- T.T. — • — £iF to £10u O.D. 90/7/0 89 Nef York . T.T. 3.97 1-8 3.93i jjbl.' V. £. O.D. 3.93 3-8 Montreal .. T.T. 3.97 3-8 $01. to £ O.D 3.98 u-8 3 94 3.93 7-8 3.94 3-8 Aiatria . .. T.T. — 20.68 Seligs. to £ O.D — 20.70 Belgium ... T.T. — : .262 D|ol. to £ O.D. — 23.273 Czechslovak T.T. —■ 112.12 Crs. to £. O.D. — 112.17 Denmark ... T.T. 18.203 17,893 to £... O.D. 18.263 17.903 Fiance. .... T.T. — 84.23 |l*r7 Fo £ O.D. — 84.27 qmniany .. T.T. — 9.729 ill M. to £ O.D. — 9.734 ifcpaiid .. T.T. — 7.155 |J*ls. to £ O.O. — 7.159 Itaiy T.T. — 74.71 ■lire to £ O.D. — 74.76 J&a T.T. — 7.113 fVh . to £ O.D. — Norway ... T.T. 16.181 7.117 15.891 fjir. to £ . O.D. " 941 15.901 Sited en ... T.T. 15.785 114 r to £. O.D. 15.845 15.490 15.500 Switzerland . T.T. — 17.093 to £. O.D. — 17.098 sf4ii;’hai .. T.T. 17 27-32 18 11-32 « to 1 dol. O.D. 1713-16 18 21-64 JB»g Kong. T.T. 13 5-16 IS 13-16 Ak to 1 dol. O.D. 18 9-32 18 51-64 litfia and Jfaeylon .. T.T. 22 13-32 . 43. to rupee O.D. 22 3-8 •Span .... T.T. — 22 11-16 22 43-64 174 it. to 1 yen O.D. — Sihgapore .. T.T. 34 47-64 17 31-64 35 7-32 M to 1 dol. O.D. 34 41-64 35 13-64

U.S.A. Doi. Canadian Doi. Selling (Per £1 N.Z.) (Per £1 N.Z.) T.T. ■3.934 3.93 7-8 O.D. 3.94 3.94 3-8 Buying ' O.D. 3.98 3-8 3.981