FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 397, 2 April 1937, Page 8

FINANCIAL NEWS

BASE METALS MARKET Little Chtange in Prices. London, March 31. The official London (middle) quotations for Wednesday, as reported by the Australian Mines and Metals As sociation, compare with those previously cabled as follows:

Standard,per oz. 20 13-16 d. 20 15-16 d, Fine 22 7-l Gd. 22 9-16 d.

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: New Zealand Buying. Selling, on

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. 3.92.1-8 3.91 5-8 O.D. 3.92 5-8 3.92 1-8 Buying O.D. 3.96 7-8 3.96 3-8 N.Z. Pound Abroad. Based on figures quoted by ths 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. 16/14 n U.S.A. 16/11 in Canada. 13/8J in France. 16/1J in Italy. 9/5? in Germany. 11/84 in Java. £l/8/1? in Japan.

Mar. 30. Per ton. Mar. 31. Per ton. Copper-— Standard, spot 73 2 6 72 18 9 Ditto, forward 72 3 9 72 6 10J Electrolytic . 78 0 0 78 0 0 to 80 0 0 79 0 0 Wire bars ... 80 0 0 79 0 P Lead —• Spot 31 IS 9 31 16 3 Forward .... 31 17 6 31 12 6 Spelter— Spot 33 15 0 33 12 6 Forward .... 33 17 6 33 12 6 Tin — Spot 293 15 0 294 5 0 Forward .... 288 10 0 290 5 0 Silver—

London ... 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 loo/-.:/-Fiji T.T. — —« £F to £100 O.D. 90/7/8 89 New York .. T.T. 3.95 83 3.92 20 Doi. to £ . O.D. 3.97 08 3.92 70 Montreal ... T.T. 3.95 51 3.92 02 Dot. to £. O.D. 3.96 76 3.92 52 Austria T.T. — 20.58 Schg’s. to £ O.D. • — 20.60 Belgium .... T.T. —• 23.196 Bel. to £ O.D. — 23.207 Czechoslovak. T.T. — 111.70 Crs. to £. 6.D. — 111.75 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. — 9.693 R.M. to £. O.D. — 9.698 Holland T.T. 7.278 7.128 FIs. to £. O.D. 7.338 7.132 Italy T.T. 74.47 Lire to £ .. O.D. — 74.52 Java T.T. 7.294 7.089 FIs. to £ .. O.D. 7.309 7.093 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 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