FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 363, 18 February 1937, Page 3

FINANCIAL NEWS

BASE METALS MARKET Another General Advance. London, February 16. The official London (middle) quotation for Tuesday, as reported by the Australian Mines and Metals Association, compare with those previously cabled as follows: Feb. 15. Feb. 16. Per ton. Per ton, Copper—- £ s. d. £ s. d. Standard, spot 55 18 11 57 19 41 Do., forward.. 55 19 4J 57 19 41 Electrolytic . 61 0 0 62 10 0 to 61 10 0 63 10 0 Wire bars .. 61 10 0 63 10 0 Lead — Spot 27 0 0 27 7 6 Forward .... 27 0 0 27 7 6 Spelter— Spot 23 13 9 24 8 9 Forward .... 23 18 9 24 12 6 Tin —• Spot . 229 12 6 230 10 0 Forward .... 230 12 6 231 10 0 Silver — Fine 20 l-Bd. 20 l-16d. Standard,per oz. 21 11-16 d. 21 5-Bd.

FOREIGN EXCHANGES

On NeV 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. £A to £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$ 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 1-3 Austria T.T. 20.58 i Seligs, to £ O.D. 20.60 i Belgium .... T.T. 23.186 j Frs. to £. O.D. 23.197 - Czechoslovak. T.T. —■ 111,96 ; Crs. to £. O.D. 112.01 | Denmark ... 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 Germany ... T.T. 9.705 R.M. to £. O.D. 9.710 Holland.... T.T. 7.301 7.1511 Fls. to £. O.D. 7.361 7.155 | Italy T.T. 74.51 I Lire to £. O.D. 74.56 ‘ Java T.T. 7.265 7.105 j Fls. to £. O.D. 7.325 7.109 ! 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 i Switzerland. T.T. 17.426 17.156 J Frs. to £ ‘ O.D. 17.531 17.161 j Shanghai ... T.T. 17 53-64 18 21-64 | d. to 1 dol. O.D. 17 51-64 18 5-16 i Hong Kong. T.T. 18 17-64 18 49-64 1 d. to 1 dol. O.D. 18 15-64 I’BJ j India and Ceylon .. T.T. 22 13-32 22 11-16 j d. to rupee O.D. 22 3-8 22 43-64 ! Japan T.T. 17 15-32 j 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 j The Associated Banks (other than ; the Bank of New South Wales) quoted j the following dollar rates on Saturday I on a New Zealand currency basis, j They are subject to alteration without notice. j U.S.A. Dol. Canadian Dol i Selling (Per £1 N.Z.) (Per £1 N.Z.) | T.T. 3.32 5-8 3.92 5-8 ! O.D. 3.93 1-8 3.93 1-8 I Buying O.D. 3.97 3-8 3.97 3-8 N.Z. Pound Abroad. Based on figures quoted by the I Bank of New South Wales, the New) Zealand pound, compared with its ori-! ginal par value, is equivalent to approximately:—■ ; 16/1 in London £l/0/1 in Australia. | 16/1$ in U.S.A. 16/11 in Canada. . .13/62 in France. 16/14(1 in Italy. 9/6 in Germany. 11/82 in Java. , fl/8/lS in Japan. -I

Cease Your Croaking Din. ■ Parnell, j An abrupt way of asking people to | rid themselves of their colds. Bad I colds are a source of annoyance to I victims—and their friends. Be on the i safe side and keep Baxters Lung Preserver handy. “Baxters” quickly clears I up the worst of coughs and colds—■ and its tonic properties help set. you up. 1/6, 2/6 and 4/6, all chemists and stores.