FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 341, 23 January 1937, Page 6

FINANCIAL NEWS

BASE METALS MARKET Copper Recovers Slightly. London, January 20. The official London (middle) quotations for Wednesday, as reported by the Australian Mines and Metals Association, compare with those previously cabled as follows:

FOREIGN EXCHANGES On New Zealand Currency Basis. The Bank of New South Wales, Wellington .quoted the following rates tor their purchases and sales of foreign exchanges: New Zealand Buying. Selling, on London ... T.T. 124 124/10/£N.Z. to £ stg. 100 . O.D. 123/10/- 124/8/9 Australia .. T.T. £A to £IOO O.D. 101 100/10/Fiji T.T.

Frs. to £. O.D. 17.098 Shanghai .. T.T. 17 27-82 18 11-32 d. to 1 dol. O.D. 17 13-16 18 21-64 Hong Kong. T.T. IS 5-16 18 13-16 d. to 1 dol. O.D. 18 9-32 18 51-64 India, and Ceylon .. T.T. 22 13-32 22 11-16 d. to rupee O.D. 22 3-8 22 43-64 Japan .... T.T. 17 29-64 d. to 1 yen O.D. 17 7-16 Singapore .. T.T. 34 47-64 35 7-32 d. to 1 dol. O.D. 34 41-64 35 13-64

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. 3.93 3-8 3.93 5-8 O.D. 3.93 7-8 3.94 1-8 Buying O.D. 3.984 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 London. £l/0/1 in Australia. 16/2 in U.S.A. 16/24 in Canada. 13/6Jd in France. 16/2 in Italy. 9/6J in Germany. 11/82 in Java. £l/8/1 in Japan. Dairy Produce Steadier. London, January 21. Butter is steadier. Prices are: Danish 111/- to 112/-; choicest salted Australian and New Zealand, 93/-; unsalted New Zealand, 97/- to 98/-; Australian, 96/-. Cheese is firm. Prices: New Zealand, white 53/6, coloured 52/6 to 53/-. Australian, white 52/-, coloured 51/6.

Jan. 19. Jan. 20. Per ton. Pe r ton. Copper— £ s. d. £ s. d. Standard, spot 50 7 6 51 9 41 Do., forward 50 9 4J 51 10 71 Electrolytic. 55 0 0 56 0 0 to 56 0 0 57 0 0 Wire bars .. 56 0 0 57 0 0 Lead— Spot 26 11 3 27 6 3 Forward .... 26 11 3 27 2 6 Spelter— Spot 20 5 0 21 5 0 Forward ... 20 10 0 21 6 3 Tin— Spot 229 12 6 229 12 6 Forward .... 230 5 0 230 2 6 Silver— Standard,per oz. 20Jd. 20 3-8d. Fine 22 l-8d 22d.

£F to £100 O.D. 90/7/6 89 New York . T.T. 3.96 7-8 3.931 Doi. to £ O.D. 3.98 1-8 3.933 Montreal .. T.T. 3.97 3.93 J Doi. to £. O.D. 3.981 3.94 Austria .... T.T. — 20.68 Schgs. to £ O.D. — 20.70 Belgium ... T.T. — 23.262 Doi. to £ O.D. — 23.273 Czechoslovak. T.T. 112.20 Crs. to £ O.D. — 112.25 Denmark ... T.T.. 18.203 17,893 Kr. to £.. O.D. 18.263 17.903 France .... T.T. — 84.23 Frs. to £ O.D. — 84.27 Germany .. T.T. — 9.729 R.M. to £ O.D. — 9.734 Holland ... T.T. — 7.153 FIs. to £. O.D. — 7.157 Italy T.T. — 74.71 Lire to £ O.D. — 74.76 Java T.T. — 7.113 FIs. to £ O.D. — 7.117 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. — 17.093