FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 403, 9 April 1937, Page 8

FINANCIAL NEWS

BASE METALS MARKET Another General Decline London, April 7. The official London (middle) quota’.ions for Wednesday, as reported by the Australian Mines and Metals As sociation, compare with those previously cabled as follows:

FOREIGN EXCHANGES

On New Zealand Currency Basis. The Bank of New South Walas, Wellington, quoted the following rates tor 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 3-8 3.92 O.D. 3.92 7-8 3.924 Buying O.D. 3.974 3.96 s;* N.Z. Pound Abroad. Based on dgures quoted by the Bank ot 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. 16/14 in U.S.A. 16/1} in Canada. 13/9 in France. 16/15 in Italy. 9/6 in Germany. 11/81 in Java. £l/8/1} in Japan.

Apr. 6. Per ton. Apr. 7. Per ton. Copper— Standard, spot 67 1 3 63 16 3 Ditto, forward 66 11 3 62 18 9 Electrolytic . 70 0 0 67 0 0 to 72 10 0 69 • , 0 Wire bars ... 72 10 0 69 0 0 Lead— Spot 29 1 3 25 13 9 Forward .... 29 1 3 25 12 6 Spelter—• Spot' 30 2 6 26 0 0 Forward .... 30 6 3 26 3 . 9 Tin— Spot 283 2 6 272 10 0 Forward .... 280 7 6 270 2 6 Silver — Standard,per oz. 21£d. 21 l-8d. Fine 22 13-16d. 23 3-16d

London T.T. 124 124/10/£N.Z. to £ 8tg. 100 . O.D. 123/10/-124/8/9 Australia .. T.T. • — £A to £100 O.D. 101 100/'t/Fiji T.T. — — £F to £10C O.D. 90/7/6 89 New York .. T.T. 3.96 02 3.92 41 Doi. to £. O.D. 3.97 27 3.92 91 Montreal ... T.T. 3.95 59 3.92 10 Doi. to £ . O.D. 3.96 84 3.92 60 Austria T.T. — 20.63 Schgs. to £ O.D. —• 29.65 Belgium .... T.T. — 23.224 Bel. to £ .. O.D. — 23.235 Czechoslovak. T.T. — 111.85 Crs. to '£.. O.D. — 111.90 Denmark ... T.T. 18.204 17.894 Kr. to £.. O.D. 18.204 17.904 France ...... T.T. — 85.44 Frs. to £ .. O.D. — 85.48 jermany .... T.T. — 9.713 R.M. to £. O.D. — 9.718 Holland . ... T.T L288 7.138 FIs. to £.. O.D 7.348 7.142 Italy T.T. — . 74.61 Lire to £. O.D. — 74.66 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