FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 391, 24 March 1937, Page 8

FINANCIAL NEWS

BASE METALS MARKET Sharp Decline in Prices. London, March 22. The official London (middle) quotations for Monday, as reported by the Australian Mines and Metals Association, compare with those previously cabled as follows: Mar. 19. Mar. 22.

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. ou

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. 3.913-8 3.91 O.D. 3.92 7-8 3.91 J Buying O.D. 3.96 i 3.95 5-8

N.Z. Pound Abroad. Based on figures duoted by the Bank of New South Wales, the New Zealand pound, compared with its original par value, is eiuivalent to approximately:— 16/1 in London £l/0/1 in Australia. 16/1 in U.S.A. 16/0? in Canada. 13/8? in France. 16/1 in Italy. 9/5? in Germany. 11/81 in Java. £VB/1J in Japan.

* Copper— Per ton. Per t on. Standard, spot 72 9 4J 69 15 0 Ditto, forward 71 11 3 68 10 4J Electrolytic . 77 0 0 75 0 0 to 79 0 0 77 0 0 Wire bars .. 79 0 0 77 0 0 Lead— Spot 31 18 9 30 17 6 Forward .... 31 18 9 30 17 6 Spelter— Spo t .. 32 2 6 30 5 0 Forward .... 33 6 3 30 10 0 Tin— Spot 297 10 0 282 5 0 Forward .... 283 15 0 277 10 0 Silver — Standard,per oz. 203d. 20Jd. Fine . 22 3-8d. 22 3-8d.

IrondonT.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. 3.9415-16 3.91 3-8 Doi. to £. O.D. 3.96 3-16 3.91 7-8 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. — 20.48 Schgs. to £ O.D. — 20.50 Belgium .... T.T. — 23.162 Bel. to £ . . O.D. — 23.173 Czechoslovak. T.T. — 111.60 Crs. to £. O.D. — 111.65 Denmark ... T.T. 18.203 17,893 Kr. to £.. O.D. 18.263 17.903 France T.T. — 85.23 Frs. to £ .. O.D. — 85.27 Germany .... T.T. — 9.683 R.M. to £. O.D. — 9.688 Holland T.T. 7.274 7.124 FIs. to £ .. O.D. 7.334 7.128 Italy T.T. — 74.33 Lire tor £ .. O.D. — 74t38 Java T.T. 7.233 7.073 FIs to £.. O.D. 7.305 7.089 Switzerland. T.T. 17.411 17.141 Frs. to £. O.D. 17.516 17.146 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 Shanghai .... T.T. 17 29-32 f 18 13-32 d. to 1 dot. O.D. 17 7-8 18 24-64 Hong Kong T.T. 1819-64 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. 22 11-32 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