FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 389, 22 March 1937, Page 8

FINANCIAL NEWS

BASE METALS MARKET Prices Generally Easier. London, March 19. The official London (middle) quotations for Friday 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 of foreign exchanges:

The Associated Banks (other than the Bank of New South Wales) quoted the following dollar rates yesterday on a New Zealand currency basis. They are subject to alteration without notice. U.S.A. Doi. Canadian Doi Selling (Per £1 N.Z.) (Per £1 N.Z.) T.T. . 3.915-8 3.91 1-8 O.D. 3.92 1-8 3.91 5-8 Buying O.D. 3.96 3-8 3.95 7-8

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/li in U.S.A. 16/1 in Canada. 13/83 in France. 16/1 in Italy. 9/5J in Germany. 11/8J in Java. £l/8/1 i in Japan.

Mar. 18. Per ton. Marf 19. Per ton. Cop per—• Standard, spot 74 11 3 72 9 4J Ditto, forward 82 16 101 71 11 3 Electrolytic . 77 10 0 77 0 0 to 79 10 0 79 0 1? Wire bars .. 79 10 0 79 0 0 Lead — Spot 32 IS 9 31 18 9 Forward .... 32 18 9 31 18 9 Spelter— Spot 34 2 6 32 2 6 Forward .... 34 7 6 33 6 3 Tin— Spot 300 15 0 297 10 0 Forward .... 293 17 6 283 15 0 Silver— Standard,per oz. 20 7-8d. 208 Fine . 22Jd. 22 3-8d.

New Zealand Buying. Selling. on kondon T.T. 124 124/10/£N.Z. to £ Btg. 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 i O.D. 90/7/6 89

New York.. T.T. 3.95 1-8 3.95 5-8 Doi. to £ . O.D. 3.96 3-8 3.92 1-8 Montreal .. T.T. 3.94 11-16 3.91 11-16 Doi. to £ . O.D. 3.96 15-16 3.91 11-16 Austria T.T. — 20.56 Schgs. to £ O.D. — 20.58 Belgium T.T. — 23.166 Bel. to £ .. O.D. — 23.177 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. — 85.29 Frs. to £.. O.D. — 85.31 Germany, .... T.T. — 8.689 R.M. to £ . O.D. — 9.694 Holland T.T. 7.280 7.130 FIs. to £ .. O.D. 7.342 7.134 Italy T.T. — 74.40 Lire to £ .. O.D. — 74.45 Java ........ T.T. 7.245 7.085 FIs to £.. O.D. 7.305 7.089 Switzeralnd. T.T. 17.418 17.148 Frs. to £ l .. O.D. 17.523 17.153 Norway .... T.T. 17.523 17.153 Kr. to £.. O.D. 16.241 15.901 Sweden .... T.T. 15.785 15.490 Kr. to £ .. O.D. 15.845 15.500 Shanghai ... T.T. 17.59-64 18 27-64 d. to 1 dol.. O.D. 17 57-64 18 13-32 Hong Kong 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 3-8 22 41-64 d. to rupee. O.D. 2211-32 22 41-64 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