FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 401, 7 April 1937, Page 8

FINANCIAL NEWS

BASE METALS MARKET An Easier Tendency. London, April 5. Tlfb official London (middle) quotations for Monday, 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: New Zealand Buying. Selling, on London ... T.T. 124 124/10/£N.Z. to £ stg. 100 . O.D. 123/10/-124/8/9 Australia . T.T.

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. 3.93 J 3.923 O.D. 3.93? 3.93? Buying O.D. 3.98 1-8 3.97 3-8 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 proximately:16/1 in London £l/0/1 in Australia. 16/1? in U.9.A. 16/11 in Canada. 13/8? in France. 16/1? In Italy.. 9/6 in Germany. 11/8? in Java. £l/8/1? in Japan.

Apr. 2. Per ton. Apr. 5. Per ton. Copper— Standard, spot 70 1 3 68 15 0 Ditto, forward 69 8 1J 68 1 3 Electrolytic . 73 0 0 72 10 0 to 75 0 0 74 10 0 Wire bars ... 75 0 0 74 1 10 0 Lead— Spot 30 8 9 30 2 6 Forward .... 30 8 9 30 2 6 Spelter— Spot 31 7 6 30 15 0 Forward .... 31 13 9 31 0 0 Tin— Spot 284 15 0 286 2 6 Forward .... 281 17 6 283 7 6 Silver— Standard,per oz. 20 7-8d. 21 3-8d. Fine 22Jd. 23 l-16d.

£A to £100 O.D. 101 00/"./Fiji T.T. — — £F to £100 9.D. 90/7,'6 89 Vew York .. T.T. 3.96 28 3.92 66 Doi. to £. O.D. 3.96 97 3.92 73 Montreal ... T.T. 3.95 72 3.92 23 Doi. to £. O.D. 3.97 53 3.93 16 Austria T.T. — 20.60 Schgs. to £ O.D. — 20.62 Belgium T.T. — 28.214 Bel. to £,. O.D. — 23.225 Czechoslovak. T.T. — 111.85 Crs. to £ . . O.D. — 111.90 Denmark ... T.T. 18.203 17,893 Kr. to £.. O.D. 18.263 17.903 France T.T. — 85.21 Frs. to £ .. O.D. — 85.25 Germany ... T.T. — 9.709 R.M. to £. O.D. — 9.714 Holland T.T. 7.283 7.138 FIs. to £ .. O.D. 7.348 7.142 Italy T.T. — 74.57 Lire to £.. O.D. — 74.62 Java T.T. 7.294 7.089 FIs. to £ .. O.D. 71309 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. India and O.D. 18 17-64 18 25-32 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 3513-64 d. to 1 dol. O.D. 34 5-8 35 3-16