FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 356, 10 February 1937, Page 6

FINANCIAL NEWS

' < BASE METALS MARKET t I Advance In Copper and Tin. Jjondon, February* 8. The official London fmiddle) quota tor Monday, ~s reported b; i the Australian Mines and M r>ls As t sociation, compare with those prevj S-' ously cabled is follows: Reb. 5. Feb. 8.

FOREIGN EXCHANGES On New Zealand Currency Basis. TLe Hark of N"w Somh Wales, »,X.-j.i-.gic;, .QUvi s ih ■ .» r ... for their -nrchases at ’ saias of • foreign excuaug. s:— New Zealand Buying. Selling, on London ... T.T. i"4 124/10/£N.Z. to £ stg. 100 . O.D. 123/10'-124/S/f> Australia .. T.T. £Ato £I<JU O D. 101 100/10/. Fiji T.T. £F to £lOO O.D. 90/7/6 S 3 New York .. T.T. .1 95 7-8 3 921 Doi .to £. O.D. :• 97 1 8 3.92 J Montreal . . . T.T. 3.95 7-8 3.921 Doi to £. O.D. 3.971-8 3.92 3-8 Austria T.T. 20.58 Schge. to £ O.D. 20.00 Belgium .... T.T. 23.168 Frs. to £. O.D. 23.179 Czechoslovak. T.T. 111.72 Crs. to £. O.D. 111.77 Denmaik ... T.T 18.203 17.893 Kr. to £.. O.D. 18.263 17.903 France T.T. ' 84.21 Frs. to £. O.D 84.25 German; ... T.T. 9.701 R.M. to £ O.D. 9.706 Holland .... T.T. 7.283 7.133 Fls. to £. O.D. "’.343 7.157 Italy .. T.T 74.; LiOe to £. O,D. 74.51 Java T.T. 7.249 7.089 Fls. to £. O il. 7 :,o;s - 03 Norway .. IT. 16.181 15.891 Kr. to £ . O.p. 16.24*1 15.901 Sweden ... T.T. 15 785 13.490 Kr. to £. O.D. 15.845 15.500 Switzerland. T.T. 17.387 17.117 Frs. to £, O.D. 17.492 17.122 Shanghai . . . T.T. 17 7-8 IS 3-8 d. to 1 dol. O.D. 17 27-32 1823-64 ■-Hong Kpng. T.T. 18 9/2 18 25-32 d to 1 dol. O.D 181 IS 19-61 India an’ Ceylon . ■. T.T. 23 13-32 2211-16 d. to rupee O.D. 22 3-8 2? 43-64 'Japan T.T. 171531 d. to 1 yen.. O.D. 1729-64 , Singapore .. T.T. 34.23-32 3513-64 d. to 1 dol. O.D. 34 23-32 3513-64

■ The’ Associated Banks (other than . the Bank of New South Wales) quoted j the following dollar rates on Saturday > n ; New Zealand currency basis. They are subject to alteration without i notice. U.S.A. Dol. Canadian Dol. ISelto’.g (per £1 N.Z.) (Per £1 N.Z.) T.T. 3.92 J ’3.921 I O.D. 3.92 g 3.93 Buying O.D. 3.97 1-8 3.97 1-8 u 1 N.Z. Pound Abroad. i Based OU figures quoted by the i Bank of New South Wales, the New i Zealand pound, compared with its original par value, is equivalent to api proximately: I 16/1 in London ■ £l/0/1 in Australia. i 16/11 Ln UJS.A. 16/1J in Canada. I . 13/6? in France. 16/11 in Italy. | 9/6 in Germany. 11/81 in Java. £l/8/11 in Japan.

Copper— Per ton. Per ton £ s. d £ s. d. Standard =pot 54 JS 1* 55 2 6 Do., forward. 54 1!) 4i 55 5 7j Electrolytic.. Be 0 0 59 15 0 to 60 5 0 60 15 0 Wire bars .. 60 5 0 60 15 0 Lead — Spot 27 0 0 27 8 9 Forward .... 27 0 0 27 7 u Spelter— Spot 22 7 6 22 1; % Forward .... 22 15 0 22 18 9 Tin— Spot 226 7 6 227 7 6 Forward .... 227 7 6 225 7 6 Silver— Fine 20 1-16d. 20d. Stand ward,p 2 v < 3Z. 21 5-8d. 21 3-16d