FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 362, 17 February 1937, Page 7

FINANCIAL NEWS

BASE METALS MARKET i I Copper Easier; Others Firm. ’ London, February 13. • The official London (middle) quota- i tion for Monday, as reported by ' (he Australian Mines and Metals As- ; souiation, compare with those previ- i ously cabled as follows: Feb. 12. Feb. 13. ;

SilverFine 20 1-1 Cd. 20 1-Bd. Standard .per oz. 21 5-B<J. 21 11-l Cd. American tin, 51.10 cents a lb spot. FOREIGN EXCHANGES Orf New Zealand Currency Basis. The Bank of New South Wales, Wellington .quoted the following rates Cor 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. HAto £lOO O.D. 101 100/10/Fiji T.T. £F to £lOO O.D. 90/7/6 89 New York. T.T. 3.95 7-8 3.92 J Doi. to £. O.D. 3.97 1-8 3.925 Montreal . . T.T. 3.96 3.92» Doi. to £ O.D. 3.971 3.93 Austria T.T. 20.58 Schgs. to £ O.D. 20.60 Belgium .... T.T. 23.184 Frs. to £ . O.D. 23.195 Czechoslovak. T.T. 111.80 Crs. to £. O.D. 111.85 Denmark ... T.T. 18.203 17,893 Kr. to £.. O.D. 18.2G3 17.903 France T.T. 84.23 Frs. to £. O.D. 84.27 Germany .. . T.T. 9.701 R.M. to £ O.D. 9.706 Holland .... T.T. 7.311 7.161 Fls. to £. O.D. 7.371 7.165 Italy T.T. 74.51 Lire, to £. O.D. 74.56 Java. T.T. 7.277 7.117 Fls. to £. O.D. 7.337 7.121 Norway ... T.T. 16.181 15.891 Kr. to £ . O.D. 16 241 15.901 Sweden .. . T.T. 15.755 15.490 Kr. to £. O.D. 15.845 15.500 Switzerland. T.T. 17.438 17.168 Frs. to £ O.D. 17.543 17.173 Shanghai ... T.T. 17 53-64 18 21-Gf d. to Idol. O.D. 17 51-64 18 5-16 Hong Kong. T.T. 18 17-6 1 1.8 49-61 d. to 1 dol. O.D. 18 15-64 185 India and Ceylon .. T.T. 22 13-32 22 11-16 (1. 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 23-32 35 13-64 d. to 1 dol. O.D. 34 5-8 35 3-16 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.J T.T. 3.92 3-8 3.92 J O.D. 3.92 7-8 3.93 Buying O.D. 3.97 1-8 N.Z. Pound Abroad. Rased 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. 16/1J in U.S.A. 16/11 in Canada. . .13/62 in France. 16/l.ld in Italy. 9/6 in Germany. 11/9 in Java. - £ 1/8/12 in Japan.

Per ton. Per ton. Copper— £ s. d. £ s. d. Standard, spot 56 4 41 55 18 1J Do., forward. 56 8 1 1 55 19 4-J Electrolytic . 61 0 0 61 0 0 to 62 0 0 61 10 0 Wire bars . . 62 O' 0 61 10 0 Lead— Spot 26 IS 9 27 0 0 Forward .... 27 1 3 27 0 0 * Spelter— Snot 23 15 0 23 13 9 Forward .... 24 1 3 23 IS !> Tin — Spot 228 12 6 229 12 6 Forward .... 229 12 G 230 12 6