FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 379, 10 March 1937, Page 3

FINANCIAL NEWS

BASE METALS MARKET Copper Slightly Easier. London, March 8. The official London (middle) quotations for Monday, 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 for their purchases and sales ot foreign exchanges:

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. 16/03 in U.S.A. 16/1 in Canada. 13/9:1 in France. 16/OJ in Italy. 9/52 in Germany. 11/8H in Java. £l/8/U in Japan.

Mar. 5. Mf ir. 8. Copper— Per ton. Per ton. Standard, spot 69 18 9 71 13 9 Ditto, forward 68 13 7J 70 14 4fc Electrolytic 73 10 0 7E > 0 0 to 75 10 0 77 0 0 Wire bars . .. 75 10 0 77 0 0 Lead— Spot 32 17 6 34 13 Forward .... 32 18 9 34 0 0 Spelter—■ Spot 32 1 3 33 13 9 Forward .... 32 8 9 34 0 0 Tin — Spot 256 2 6 269 12 6 Forward .... 257 12 6 256 17 6 Silver— Standard,per oz . 20 13-16d. 20 13,-lGd Fine .. 20 7-16d 22 7-16d

New Zealand on Buying. ; Selling. London T.T. 124 124/10/£N.Z. to £ st£. 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 11-16 3.91 1-16 Doi. to £. O.D. 3.95 15-16 3.91 9-16 Montreal ... T.T. 3.94 5-8 3.91 1-8 Doi. to £. O.D. 3.95 7-8 3.91 5-8 Austria T.T. — 20.48 Schgs. to £ ‘ O.D. — 20.50 Belgium .... T.T. — 23.109 Bel. to £. O.D., — 23120 Czechoslovak. T.T. — 111.23 C'rs. to £. O.D. — 111.28 Denmark ... T.T. 18.203 17,893 Kr. to £ .. O.D. 18.263 17.903 France ..... T.T. — 75.74 Frs. to £. O.D. — 85.78 Germany ... T.T. — 9.682 R.M. to £. O.D. — 9.687 Holland . T.T. 7.266 7.116 FIs. to £ . e 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. 17.375 17.105 Frs. to £. O.D. 17.480 17.110 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. 17.369 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 l*dol. O.D. 18 17-64 18 25-32 India and Ceylon .. 1 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 T.T. 34 23-32 35 13-64 d. to 1 dol. O.D. 34 5-8 35 3-16

U.S.A. Doi. Canadian Pol. Selling (Per £1 N.Z.) (Per £1 N.Z.) T.T. 3.91 1-8 3.91 1-8 O.D. 3.91 5-8 3.91 1-8 Buying O.D. 3.95 7-8-3.955