FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 345, 28 January 1937, Page 6

FINANCIAL NEWS

■"BASEIVEWS MARKET Copper Recovers Slightly. S& Lc.i^pji,- Jqrqary 26. Tnjgofficial tir.iddie) qiiorationf% Tuesday, as reported by. the jkjftstniT:: s Mines -and Metals AssocitUon, compare with ;hose ously cabled fc'lows:— ~E Jan. 25. Jan. 26.

I FOREIGN EXCHANGES a ' " t)n New Zeaiand Currency I Basis. t The*Ss.nk of New -outh Wales, Wellington ,quoted the , lo- -g rates Purchases and sales of foreign exchanges;— New Zeafen ! Bnyint;. Selling.

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 L.-.iee. U.S.A. Dol. Canadian Dol. Selling (Per £1 N.Z.) (Per £1 N.Z.) T.T. 3.93 1-8 3.93 3-8 O.D. 3.93 5-8 3.93 7-8 Buying O.D, 3.93 3.98 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. 16/2 in Canada. 13/6/d in France. 16/li in Italy. 9/6 in Germany. 11/9 in Java. £l/8/2 in Japan.

BUTTER PRICES FALL. > ■ Market Now More Active. Press Association-—Copyright. London, January 26. The butter market is active. Danish, 113/- ,i cwt.; choicest salted, Australian and New Zealand, 88/-; uncalled, 90/- to 91/-. The London butter market con t. uies to ease, prices for New Zea-, land and Australian since the end of last week having fallen a further 5/a cwt., while Danish has remained unchanged. The in-store position is not nearly so favourable as it was a year ago, the total quantity at the end of last week being 884,538 boxes, compared with 374,898 boxes. New Zealand and Australian butter does not appear to be going into consumption as rapidly as it was a year ago. New Zealand butter in store amounts to 5646 tons, compared with 2630 toils a year ago, aud Australian 4316 tons against 350. For the five months of the current season to the end of December, the total supplies landed in Great Britain from New Zealand and Australia decreased by over 11,500 tons, yet there are now 9962 tons in store, against 6980 tons a year ago. Franco’s Chance Gone

.Per ton. Per ton. Copper— £ s. d. £ Standard,, spot 51 S 11 51; IS., 'J, £>«*, forward. 51 9 it 52 0 74 Electrolytic . '56 0 0 57 O'. 0 ’ to 57 0 0 57 15■ 0 %'ire bars .. I%ad— 57 0 0 57 15 4). Spot 26 12 26 11 3 forward .... Sjgelter— 26 10 0 26 8 S Spot 21 1C 0 21 17 6 Forward .... 21 5 & 21 15 0 TTn-fcuv. Spot 226 7 6 226 12 6 forward 227 10 0 226 17 6 , SBver— »nP —. • 20 7-16d. ‘ l-16d gtandard.per oz. 22 1-16$.

* on London T.T. 124 124/10/«£N.Z. £ ■Big. 100 . O.D. 1.23/1 /- VLMo/5 Australia .. T. — — j£Ato £130 ( D. 101 100/10/FHi TT — &F to £109 O.D. 90/7/6 89 NUw York . T.T. 3.9? 1-8 pol. to £ O.D. 3.98 3.93 5-8 Montreal .’.T. 3.97 * 3.93J Ek>l. to £ O.D. 3:981 <.?4 Aifetria TJ. 20.58 Schgs. to £ O.D. — 20.60 Belgium . .. T.T. — 20.244 §ol to £. O.D. — 23.255 Czechoslovak. T.T. — 112.12 Cra. to £. O.D. — 11? 17 Densyftik ... T.T 18.293 17,893 Kr. to £.. O.D. 18.263 17.903 FrdffW’(r r T.T. —, 84.24 Eta- to £. O.D — 84.28 —- T.T. — 9.721 R M. to £ O.D. — 9.726 W. ... T.T. — 7.147 FiS. to £. O.D 7.151. T.T — 74.66 life to £. O.D. — 74.71 Jati T.T. — 7.105 7.1°9 ifjk- to £~. Q D. — Noijjay T.T. 16.181. 15.851 Hr. to £ . O.D. 16.2*1 15.901 Swgfen \T. 15 785 n.4!’O itf. to £. O.D. 15.»45 15.500 Swjlierland . T.T. — 17.157 Ffe. to £ O.D. — 17.162 Shj||hai .. T.T. 17 57-64 18 25-61 d.yi i doi. O.D. 17 55-64 18 3-8 HofiS Kong* . T.T. 18 5.16 13 13 16 cl’to 1 del. O.D. 18 9-32 18 51-6 4 Ind|i[ and (Mylon .. T.T. 22 13?? 22 1 16 <4,«o rupee O.D. 22 3-8 22 43-64 Japaiji ...... T.T. — 17 29-64 d. Jib 1 yen O.D. — 1.. 7-16 SinMibore .. T.T. 3*47-64 35 7-32 d;|p 1 dol. O.D. 34 41-64 3513 64