FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 357, 11 February 1937, Page 6

FINANCIAL NEWS

BASE MET LS MARKET Further Advance la Copper. London, February 9.. The official London (middle) quota* ion for Tuesday, as re: "»rted by « Australian Miner and J, _t?Js Association, compare with those previously cabled r.c follows:

FOREIGN EXCHANGES On New Zealand Currency Basis. j ' The Bank of New South Wales, 1 Wellington .quotea .ae following rates ] for their purchases ano sales of foreign ex< h jes:— 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 £lOO O.D. 101 100/10/Fiji n V. » £F to £lOO O.D. 90/7/e 89 New York . . T.T. 3.95 3,921 Doi .to £. O.D. 3.97 1-8 3.92? Montreal . . . T.T. 3.96 3.92? Doi. to £. O.D. 3.97 J 3.92 Austria T.T. —20.58 Sehgs. to £ O.D. 20.60 Belgium .... T.T. 23.174 Frs to. £. O.D. 23.185 Czechoslovak. T.T. —111. SO Crs to £. O.D. 111.85 Den ar' ... T.T. 18.2,3 : 7,893 Kr. to £.. O.D. 18 263 17.903 France ..... T.T. 84.21 Frs. to £. O.D. 84.25 Germany ... T.T. —• 705 R.M. to £ O.D. 9.710 Holland ... T.T. 7.287 7.137 Fls. to £. O.D. 7.347 7.141 Italy T.T. 74.51 Lir to £. O.D. 74.56 Java T.T. 7.257 7.097 Fls. to £. O.D. 7.317 7.101 Norway ... TT. 16.181 15.891 Kr. to £ . O.D. 16.211 15.901 Sweden ... T T. 15.785 15.42'' Kr. to £. O.D. 15.345 ±5.500 Switzerland. T T. 17.407 17.1'7 Frs. to £. O.D. 17.512 17.142 Shanghai ... T.T. 1713-16 18 5-16 d. to 1 mil. O.D. 17 25-52 18 19-64 Hong Kong. T.T. 18 17-64 18 49-64 d. to 1 dol. O.D. 18 15-64 18? 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. 1715-32 d. to 1 yen.. O.D. 17 29-64 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 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 3-8 3.92 5-8 O.D. 3.92 7-8 3.93 1-8 Buying O.D. 3.97? 3.97 3-8 | N.Z. Pound Abroad. A,/,---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. 16/1? in U.S.A. 16/1? in Canada. ..13/6? in France. 16/1? in Italy. 9/6 in Germany. 11/8? in Java. £l/8/1? in Japan. FROZEN MEAT TRADE. | January Shipments To U.K. | The Meat Board is advised by its , London office that the shipments from ; Australia. South America arid South ; Africa to the United Kingdom during : January were as follows: Australia: 93,403 carcases mutton; i 371,125 carcases lamb; 47,789 quarters beef (frozen); 5373 quarters beef j (chilled). South America: 8800 carcases mut- | ton; 477,859 carcases lamb; 3485 quar[ters beet (frozen); 436,697 quarters I beef (chilled). South Africa: 7472 quarters beef (chilled). The shipments from New Zealand to the United Kingdom for the same period were' as follows: 56,276 carcases mutton; 901,989 carcases lamb; 805 quarters beef (frozen); 20,538 quarter sbeef (chilled).

F b. 3. Per ton. Feb. 9. Per ton. Copper— £ s. d. £ s. Standard, spot 55 2 6 55 11 3 Do., forward. 55 5 71 55 3 9 Electrolytic . 59 15 0 60 5 0 to GO 15 0 61 5 0 Wire bars .. 60*15 0 61 5 0 Lead— Spot 27 8 9 26 3 9 Forward .... 27 7 6 27 1 3 Spelter— Spot 22 11 3 23 1 3 Forward .... 22 18 9 23 17 6 Tin— Spot ........ 227 7 G 227 5 0 Forward .... 228 7 G 228 3 9 Silver— Fine ........ 20d. 20d. Standard,per oz. 21 9 16'd. 21 9-16d.