FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 396, 1 April 1937, Page 8

FINANCIAL NEWS

BASE METALS MARKET Tin Easier; Copper Steady. London, March 30. The official London (middle) quotations for Tuesday, as reported by the Australian Mines and Metals Association, compare with those previously cabled as follows:

Standard,per oz. 20 9-16 d. 20 13-16 d. Fine 22 13-16 d. 22 7-16 d.

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:

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. Dol. Canadian Doi. Selling (Per £1 N.Z.) (Per £1 N.2;,) T.T. 3.91 5-8 3.91 1-8 O.D. 3.92 1-8 3.92 5-8 Buying O.D. 3.96 J 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 ejuivalent to approximately:^— 16/1 in London £l/0/1 in Australia. 16/14 in U.S.A. 16/1 in Canada. 13/8| in France. 16/1} in Italy. 9/5t in Germany. 11/8} in Java. £l7B/1} in Japan.

Mar. 24. Per ton. Mar. 25. Per ton. Copper— Standard, spot 73 8 9 72 2 6 Ditto, forward 72 1 14 4J 72 3 9 Electrolytic . 79 0 0 78 0 0 to 79 0 0 80 0 0 Wire bars ... ,79 0 0 80 0 0 Lead — Spot 31 15 0 31 18 9 Forward .... 31 11 3 31 17 G Spelter— Spot 33 11 3 33 15 0 Forward .... 33 13 9 33 17 6 Tin — Spot 302 10 0 293 15 0 Forward .... 293 5 0 288 10 0 Silver—

New Zealand on Buying. Selling. London 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 i O.D. 90/7/6 89 New York . . T.T. 3.95 37 3.91 75 Doi. to £. O.D. 3.96 62 3.92 25 Hontreal ... T.T. 3.94’80 3.91 32 Doi. to £. O.D. 3.96 06 3.91 82 Austria T.T. — 20.53 Schgs, to £ O.D. —• 20.55 Belgium .... T.T’. — 23.183 Bel. to £ .. O.D. — 23.194 Czechoslovak, T.T. — 111.65 Cfs. to £ .. O.D. — 111.70 Denmark ... T.T. 18.203 17,893 Kr. to £ .. O.D. 18.263 17.903 France T.T. — 85.20 Frs. to £ .. O.D. — 85.24 Germany ... T.T. — 9.687 R.M. to £ . O.D. — 9.692 Holland T.T. 7.2.75 7.125 FIs. to £ . . O.D. 7.335 7.129 Italy T.T. — 74.40 Lr eto £ .. O.D. — 74.45 Java ........ T.T. 7.245 7.085 Flss to £ . . O.D. 7.305 7.089 Switzerland. T.T. 17.413 17.143 Frs. to £. O.D. 17.518 17.148 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 18 13-32 d. to 1 dol. O.D. 17 7-8 18 25-64 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 21-32 d. to rupee. O.D. 2211-32 22 41-64 Japan T.T 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