FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 404, 10 April 1937, Page 8

FINANCIAL NEWS

BASE METALS MARKET Recovery in Prices. London, April 8. The official London (middle) quotations for Thursday, as reported by the Australian Mines and Metals Association, compare with those previously cabled as follows: Apr. 6. Apr. 7. Per ton. Per ton.

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:— 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 £j N.Z.) T-.T. 3.92 1-8 3.915 O.D. 3.92 5-8 3.92 i Buying O.D. 3.97 3.96 3-8 N.Z. Pound Abroad. A Based on figures quoted by the Bank ot 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. 16/1J in U.S.A. 16/14 in Canada. . 13/82 in; France. 16/1J in Italy. 9/6 in Germany. 11/82 In Java. £l/8/lJ in Japan.

Copper— Standard spot 63 16 3 64 1 3 Ditto, forward 62 18 9 63 4 41 Electrolytic . 67 0 0 69 0 0 to 690 0 71 0 0 Wire bars ... 69 0 0 71 0 0 Lead— ✓ Spot 25 13 9 27 6 9 Forward .... 25 12 6 27 2 6 Spelter— Spot 26 0 0 28 2 6 Forward .... 26 3 9 28 6 3 Tin— Spot 272 10 0 275 0 0 Forward .... 270 2 6 272 5 0 Silver — Standard, per i oz. 21 l-8d. 2ld. Fino 22 13-16d. 22 ll-6d.

Itondon 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. 101 100/-*/-Fiji ...... T.T. — . — £F to £100 O.D. 90/7/8 89 New York .. T.T. 3.95 97 3.98 36 Doi. to £. O.D. 3.97 22 3.92 86 Montreal ... “T.T. 3.95 54 3.92 05 Doi. to £. O.D. 3.98 79 3.92 55 Austria .... T.T. — 20.53 Sehgs. to £ OJD. — ?0.55 Belgium .... T.T. — 23.212 Bel. to £ . O.D. — 28.223 Czechoslovafl. T.T. — 111.76 Crs. to £.. O.D. — 111.81 Denmark .... T.T 18.203 17.893 Kr. to £ . .. O.D 15.263, 17.903 France T.T. — 86.03 Frs. to £ .. O.D. — 86.07 Sermany .... T.T. — 9.713 R.M. to £. O.D. — - 9.718 Holland ... T.T 7.288 7.138 FIs. to £ .. O.D 7.348 7.142 Italy T.T. — 74.59 Lire to £ .. O.D. — 74.64 Java ...... I. T.T. 7.261 7.101 FIs. to £ .. O.D. 7.321 7.105 Switzerland . T.T. 17.47-4 17.204 Frs. to £ . O.D. 17.759 17.209 Norway .... T.T. 18.183 15.893 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 — 1.7 15-32 Singapore T.T 34 23-32 35 13-64 d. to 1 dol. O.D. 34 5-8 35 3-16