FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 346, 29 January 1937, Page 6

FINANCIAL NEWS

BASE METALS MARKET 4/ F e.- Slightly Firmer. 4 ■ London. Jaiv’ary 27. The’cfficial London (middle) quotation for Wednesday, as reported by the Aus-alian Mines and Metals As-' Bociaiion, compare with those previ l

B EXCHANGES • New Zealand Currency s Basis. as The Bank of New South Wales, Wellington ,quoted the following rat s for their purchases and sales of fo^ei^T exchanges: - - New Zealand Buying. Selling, on L&ndon ... T.T. 124 124/10/to £ Btg. 100 . O.D. 123/10/- 124/8/9 Australia .. T.T. £Ato £lOO O.D. 101 100/10/Fiji • T.T. ,£F to £lOO O.D. 90/7/6 89 New York . T.T. 3.96 J 3.92 5-R Pol. to £ O.D. 3.97 J 3.9318 Montreal .. T.T. 3.961 3.93 Doi. to £ O.D. 3.97 J 3.934 Austria .... T.T. 20.58 -Schgs. to £ O.D. 20.60 Belgium .... T.T. 23.224 Yrs. to £. O.D. 23.035 Czechoslovak. T.T. 111.88 jfers. to £. O.D. 111.93 Denmark ... T.T. 18.203 17,893 ftr.'to £.. O.D. 18.263 17.903 France .... T.T 84.23 "Trs'.' to £. O.D. 84.27 QffljJSwy .. T.T. 9.713 fe.M. to £ O.D. 9.713 Holland .... T.T. 7.143 Flss to £. O.D. 7.147 Ifoly T.T. 74.59 'liirs tc £. O.D. 74.61 Jara T.T. 7.097 'FIs. to £. O.D. 7.101 N|iway ... T.T 16.-81 15.891 • Kr. to £ . O.D. 16.2:1 15.901 Sweden ... T.T. 15.785 15.499 'Kr. to £. O.D 15.815 15.500 Sdhtzerlancl. T.T. 17.141 Frs. to £. O.D. - 17.146 FWighai .. T.T 17 57-64 18 25-61 Mito 1 dol. O.D. 17 55-64 18 3-8 K -mg . T.T. 18 5.16 1313-16 Ji .' to 1 dol. O.D. 18 9-32 18 51-61 Ini ia and : ley-ion .. T.T. 22 13-32 22 11-16 ’to rupee O.L. -2 3-8 2 43-64 .T»|kn T.T. 17 29-64 sto 1 yen O.D. 17.7-16 Singapore ~ T.T. St 47-64 35 7-32 f. to 1 dol. O.D. 34 41-04 35 13-64 ill*

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. 3.92 7-8 3.93 1-8 O.D. 3.93 3-8 3.93 5-8 Buying O.D. 3.97 S 3.971 N.Z. Pound Abroad. Based on figures quoted by the Ssrnk of New South Wales, the New Zea’?nd pound, compared with its : original par value, is equivalent to approximately : 16/1 in London. £l/0/1 in Australia. 16/1| in U.S.A. 16/2 in Canada. in France. I 16/li in Italy. 9/6 in Germany. 11/81 in Java. £l/8/2 in Japan.

Dairy Produce Firm.

The New Zealand Loan and Mercantile, Agency, Company, Ltd , have received the folio-v’ug advice from their London House dated January 27: —Dairy produce (last week’s quotations in parentheses): Butter,.New Zealand choicest salted, 89/- per cwt. (93/-)., Cheese, 51/- per cwt. 52/to 53/-). Firm.

ouslv tabled ns follows: — 'K ; Jan. 26. Per ton. Jan. 27..’.; Per ton. Copper— £ s d. £ s. d. Standard, spot 51 18 9 52 9 44J Do., forward. 5. 0 7J F2 10 71 IJjiVttoiytic . 57 0 0 57 0 (F S t0 57 15 0 58 0 0 Wire bars ... •57 15 0 58 0 o ; Lead — Spot 26 11 3 27 5 0 Fbrward .... 26 8 9 27 0 0 Shelter — Spot 21 17 6 21 16 3 forward .... 21 15 0 21 13 3 T »- 226 7 # 6 227 2 6 Forward .... 226 17 6 227 12 6 Sinrer — ... ■ 20 7-16d. 20 7-16d. sfendar d, per oz. 221-ltid. 22 l-16d