FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 378, 9 March 1937, Page 8

FINANCIAL NEWS

BASE METALS MARKET Copper Slightly Easier. London, March 5. The official London (middle) quotations for Friday, as reported by the Australian Mines and Metals Association, compare with those previously cabled as follows: Mar. 4. Mar. 5.

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. Seiling. on

<l. 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.

N.Z. Pound Abroad.

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. 16/05 in U.S.A. 16/05 in Canada. 13/101 in France. 16/05 in Italy. 9/55 in Germany. 11/8 in Java. £VB/1J in Japan.

Copper— Per ton. Per ton. Standard, spot 70 8 9 69 IS 9 Ditto, forward 69 3 1 68 13 7J Electrolytic . 74 0 0 73, 10 0 to 76 0 0 75 10 0 Wire bars .. 76 0 0 75 10 0 Lead — Spot 32 15 0 32 17 6 Forward .... 32 16 3 32 18 9 Spelter— Spot 31 15 0 32 1 3 Forward .... 32 2 0 32 8 9 Tin — Spot 256 10 0 256 2 6 Forward .... 257 12 6 256 17 6 Silver— Standard,per ol>. 21 l-8d. 20 13-16d Fine . 2213-16d. 22 7-16d

Bondon T.T. 124 124/10/£N.Z. to £ stg. 100 . O.D. 123/10/- 124/8/9 Australia .. T.T. — — £A to £100 O.D. 101 100/10/Fiji T.T. — £F to £100 O.D. 90/7/6 89 New York .. T.T. 3.94 5-8 3.91 Doi. to £. O.D. '3.95 7-8 3.9111 Montreal .. T.T. 3.94'J 3.91 Doi. to £. O.D. 3.95J 3.91J Austria T.T. — 20.48 Schgs. to £ O.D. — 2«.M Belgium .... T.T. — 23.08(f Bel. to £. O.D. — 23.091 Czechoslovak. T.T. — 111.23 Crs. to £. O.D. — 111.28 Denmark ... T.T. 18.203 17,893 Kr. to £.. O.D. 18.263 17.903 France T.T. — 85.99 Frs. to £ . O.D. — 85.99 Germany ... T.T. — 9.682 R.M. to £. O.D. — 9.687 Holland ..... T.T. 7.266 7.116 FIs. to £.. O.D. 7.326 7.120 Italy ..T.T. — 74.25 Lire to £. O.D. — 74.30 Java T.T. 7.229 7.069 Switzerland. T.T. 17.362 17.092 Norway .... T.T. 16.181 11.891 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. 17.369 17.099 Frs. to £. O.D. 17.474 17.104 Shanghai .... T.T. 17 29-32 18 13-32 d. to 1 dol. O.D. 17 7-8 18 25-64 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 T.T. — 17 31-64 d. to 1 yen O.D. — 17 15-32 Singapore A tn 1 Anl T.T. 34 23-32 35 13-64

U.S.A. Doi. Canadian Doi Selling (Per £1 N.Z.) (Per £1 N.Z.) T.T. 3.91 3.91 O.D. 3.91J 3.9U Buying O.W. 3.95 7-8 3.95 5-8