FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 380, 11 March 1937, Page 7

FINANCIAL NEWS

BASE METALS MARKET Copper Slightly Easier. London, March 8. The official London (middle) quotations for Tuesday , as reported by the Australian Mines and Metals Association, compare with those previously cabled’as follows:

I I FOREIGN EXCHANGES On New Zealand Currency Basis. 1 The Bank of New South Wales, ; Wellington, quoted the following rates I tor their purchases and sales of j foreign exchanges:—

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.

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. 16/1 in U.S.A. 16/1 in Canada. 13/9J in France. 16/0? in Italy. 9/52 in Germany. 1/8J in Java. £l/8/11 in Japan.

Mai-. S Mar 9. Copper— Pei toi Per ton. Standard, spot 73 V? 9 73 1 3 Ditto, forward 70 14 4171 13 9 Electrolytic . 75 0 0 77 10 0 to 75 10 0 77 0 0 Wire bars .... 15 10 0 77 0 0 Lead— Spot 31 3 31 12 6 Forward .... 34 0 0 34 11 Spelter—• Spot 33 13 9 3 5 8 9 Forward .... 34 0 0 35 12 6 Tin— Spot 269 12 6 276 15 0 Forward .... 275 17 6 27-5 17 G Silver— Standard,per oz . 20 13-16d. 20 7-16d. Fine 20 7-16d. 22 l-16d.

New Zealand on Buying. Selling. London £N.Z. to £ T.T. 124 124/10/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 11-16 3.91 1-16 Dol. to £ . O.D. 3.96 5-16 3.92 Montreal . .. T.T. 3.95 3.91 1-8 Dol. to £. O.D. 3.p6i 3.92 Austria T.T. — 20.47 Schgs. to £ O.D. — 20.49 Belgium .... T.T. — 23.125 Bel. to £. O.D. — 23.136 Czechoslovak. T.T. — 111.56 Crs. to £ . O.D. — 111.61 Denmark ... T.T. 18.203 17,893 Kr. to £ .. O.D. 18.263 17.903 France T.T. — 85.66 Frs. to £ . O.D, — 85.70 Germany ... T.T. — 9.678 R.M. to £. O.D. — 9.683 Holland T.T. 7.274 7.121 FIs. to £. O.D.. 7.334 7.128 Italy T.T. — 74.30 Lire to £ .. O.D. — 74.35 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 17.101 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. India and O.D. 18 17-64 18 25-32 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

U.S.A. Doi. Canadian Doi Selling (Per £1 N.Z.) (Per £1 N.ZJ 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 3.953