FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 348, 1 February 1937, Page 6

FINANCIAL NEWS

BASE METALS MARKET Further Fall In Prices. Press Association London, January 29. The official London (middle) quotataion for Friday, as reported by the Australian Mines and Metals Association, compare with those previously cabled as follows: Jan. 28. Jan. 29.

FOIfcEIGft 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, on London ... T.T. 124 124/10/£N.Z. to £ Stg. 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 1-8 3.92 J Doi. to £. O.D. 3.97 3-8 3.93 Montreal .. T.T. 3.96 1-8 3.92 5-8 Doi to £. O.D. 3.97 3-8 3.93 1-8 Austria .... T.T. 20.58 Seligs, to £ O.D. 20.60 Belgium .... T.T. 23.172 Fros .to £ . O.D. 23.183 Czechoslovak. 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 France .... T.T. 84'.26 Frs. to £. O.D. - 84.25 Germany .. T.T. —. 9.705 R.M. to £. O.D. 9.710 Holland .... T.T. ; 7.139 Fls. to £. — 7.143 Italy T.T. 74.56 Lire to £. O.D. *14.61 Java T.T. 7.089 Fls. to £. O.D. 7.093 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. —. 17.115 Frs. to £. O.p. 17.120 Shanghai .. T.T. 17 15-16 18 7-16. d. to 1 dol. O.D. 17 29-32 18 27-64 Hong Kong . T.T. 18 5.16 13,13-16 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 15-32 d. to 1 yen. O.D. 17 29-64 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 subjects alteration without notice. U.S.A. Dol. Canadian Dol Selling (Per £1 N.Z.) (Per £1 N.Z.) T.T. 3.92 5-8 3.92 5-8 O.D. 3.97 1-8 3.93 1-8 Buying O.D. 3.97 3-8 3.97 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. 16/13 in U.S.A. 16/1< in Canada. 13/6£d in France. 16/1J in Italy. 9/6J in Germany. 11/8& in Java. £l/8/12 in Japan.

Pe r ton. Per ton. Copper—■ £ s. d. £ s. d. Standard, spot 51 IS u 52 3 11 Do., forward 52 0 7£ 52 5 71 Electrolytic . 56 15 0 56 15 0 to 57 15 0 57 15 9 Wire bars . . 57 15 0 57 15 0 Lead — Spot . 26 13 9 26 6 3 Forward — 26 10 0 26 1 3 Spelter— Spot . 21 13 9 21 6 3 Forward ... . 21 13 0 21 6 3 Tin — Spot . 225 10 0 225 2 6 Forward ... . 226 2 6 225 17 6 Silver— Fine .. 201d. 20 15-16d. > Standard,per oz. 22 l-8d. 2115-16d.