FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 375, 5 March 1937, Page 6

FINANCIAL NEWS

BASE METALS MARKET Another Sharp Rise. London. March 3* ~ The official London (middle) quotations for Wednesday. as reported by the Australian -Mines and Metals Association, compare with those previously cabled as follows:-

FOREIGN EXCHANGES On New Zealand Currency Basis. The Bank of New South Wales, Wellington ,quoted the following rates tor their purchases and sales' of foreign -exchanges: New Zealand Buying. Selling. on London ... T.T. 134 124/10/-£N-Z. to. £ stg. ITO . O.D. 123/M/-124/8/9 Australia- .. T.T. £ A to £lOO O .D. <lOl 190/10/Fiji T.T. £.F-tb £lOO O.D. 90/7/6 89 New- York . . T.T. 3.95 3-8 3.911! Doktorjß.-. O.D. ; 3:92J Montreal,.- . T.T. 3.95 3-8 3.91 7-8 Oo!. to ■£ . O.D. . 3.96 5-8 3:92 3-8 Austria ...... T.T. 20.55 Schgs. to £ O.D. 20.57 Belgium .... TIT. - 23.177 Bel. to £. O.D. . —. 23.188 Czechoslovak. T.T. • 111.72 Crs. to £ . O.D. 111.77 Denmark ... T.T. 18.203 17,893 Kr. ro ' O.D. 18.263 17.903 France ...... T.T. - 84.23 Frs. to £. O.D. 84.27 Germany ... T.T. 9.690 R.M s .£o .£’. O.D, ■ 9:695) Holland T.T. 7.276 7.126 ' Fls. to £. O.D. 7.336 7.130 I Italy T.T. 74.41 Lire to £.. O.D. 74.46 Java •... T.T. 7.241 7.081 Fls. to. £.. O.D, 7.301 7.085, 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. 17.391 17.121 , Frs. to £. o.p. 1-7.496 17.126 Shanghai..,. T.T. 17 7-8 18 3-8 d. to 1 doi. O.D. 17 27-32 18 23-61 Hong Hong. T.T. 18 19-64 18 51-64 d. to 1 dol. O.D. 18 17-64 18 25-32 India and Ceylon,. T.T. 22 13-32 22 11-16 d. to rupee O.D. 22 3-8 22 43-64 Japan 5 17 31-64! d. to 1 yen O.D. J 7 15-32 I Singapore .. T.T. 34 23-32 35 31-64! ,4. Jo I Hol. p.D, 34 5-S 36 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. 4falling (Per £1 N.Z.) (Per £1 N.Z.) T.T. 3.917-8. 31917-8- & O.D. 3.92 3-8 3.92 3-8 O.D. 3.962 3.96 J N.Z. Pound Abroad. —...Rased on figures quoted by the fSank of New South Wales, the New Zealand pound, compared with its original par value, is equivalent to approximately : 16/1 in London _ £l/071 in Australia. 16/li in U.S.A. 16/1J in Canada. 13/61 in France. 16/1 iin Italy. <•//- 9/53 in 'Germany-; 11/8B in Java. £l7B/IJ in Japan.

- Mar. 1. a Mai-. 3. Copper—• "Standard, spot 68 10 ?U 70 16 3 Dilt».s fftrward 41 69 3 9 Electrolytic ; 72 19 □ 73 10 0 to 74-10. 0 75 10 0 Wire • bars ,» • -74 10 0 75 10 0 Lead—• Spot . 31; 13. ■ 9 32 8. 9 Forward 31 45r>0.: , 32 10 -0 Spelter— Spot ........ 30 7 6 31 1 3 Forward .... 39 15 0 31~ 8 9 Tin — Spot 244 12 6 250 7 6 Forward .... 245 12 6 251 12 6 Silver— Standard., m* < az. 3OJd. 2. 7-16d. Fine 217-Sd. 22.1-16d.