FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 402, 8 April 1937, Page 8

FINANCIAL NEWS

BASE METALS MARKET General Fall in Prices. London, April 6. The official London (middle) quotations for Tuesday, 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/-

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 £X N.Z.) (Per £1 N.Z.) T.T. 3.931 3.92 J O.D. 3.938 3.931 Buying O.D. 3.98 1-8 3.97 3-8 N.Z. Pound Abroad. Based on ilgures 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. 16/11 in U.S.A. 16/11 in Canada. 13/81 in France. 16/11 in Italy. 9/6 in Germany. 11/8J in Java. £l/8/11 in Japan.

Apr. 5. Per ton. Apr. 6. Per ton Copper— Standard, spot 68 15 9 67 1 3 Ditto, forward 68 1 3 66 11 3 Electrolytic . 72 10 0 70 0 0 to 74 10 0 72 10 0 Wire bars ,.. 74 10 0 72 10 0 Lead — Spot 30 2 6 29 1 3 Forward .... 30 2 6 29 1 3 Spelter— Spot 30 15 0 30 2 6 Forward .... 31 0 0 30 6 3 Pin —- Spot 286 2 6 283 2 6 Forward .... 283 7 6 280 7 6 SiFver— Standard,per oz. 21 3-8d. 21|d. Fine . 23 116d. 23 3-16d.

£N.Z. to £ stg. 100 . O.D. 123/10/- 124/8/9 Australia .. T.T. — — £A to £100 O.D. 101 100/-S/-FHi T.T. — £F to £100 O.D. 90/7/6 89 N'ew 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. — 23.214 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 Fra. 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. 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 <1. to 1 dol. O.D. 34 5-8 35 3-16