FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 405, 12 April 1937, Page 8

FINANCIAL NEWS

BASE METALS MARKET All-round Advance. London, April 9. The official London (middle) quotations for Friday, 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 Wales, ■Wellington, quoted the following rates tor their purchases and sales of foreign exchanges: New Zealand Buying, Selling.

The Associated Banks (other than the Bank of New South Wales) quoted j 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 5-8 3.921 O.D. 3.93 1-8 3.929 Buying O.D. 3.97 3-8 3.96 7-8 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 eiuivalent to approximately:— 16/1 in London £l/0/1 in Australia. ,16/li in U.S.A. 16/1J in Canada. 14/0J in France. 16/1J in Italy. 9/6 in Germany. 11/8? in Java. £l/8/11 iu Japan.

Apr. 8. Per ton. Apr. 9. Per ton. Copper— Standard, spot 64 1 3 65 18 9 Ditto, forward 63 4 4i 65 3 1J Electrolytic . 69 0 0 70 8 t to 71 0 0 71 10 0 Wire bars N. 71 0 0 71 10 0 Lead— Spot 27 6 2 27 10 0 Forward .... 27 2 6 27 10 0 Spelter— Spot 28 2 6 28 6 3 Forward .... 28 6 3 28 10 0 Tin— Spot 275 0 0 277 0 0 Forward .... 272 5 0 273 12 6 Silver— Standard, per oz. 21d. 21 l-16d. Fine . 22 lll-16d. 22?d.

on 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. 101 100/-:/. Fiji T.T. — — £F to £100 O.D. 90/7/6 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. 3.96 79 3.92 55 Austria .... T.T. — 20.53 Seligs, to £ O.D. — 20.55 Belgium .... T.T. — 23.212 Bel. to £ . O.D. — 23.223 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 Fra. to £.. O.D. — 86.07 Germany .... T.T. — 9.713 R.M. to £. O.D. — 9.718 Holland .... T.T. Z.288 7.138 FIs. to £ .. O.D. 7.348 7.142 Italy T.T. — 74.59 Lire to £ .. O.D. — 74.64 Java T.T. 7.261 7.101 FIs. to £ .. O.D. 7.321 7.105 Switzerland . T.T. 17.474 17.204 Frs. to £ . O.D. 17.759 17.209 Norway . T.T. 16.183 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. — 17 15-32 Singapore T.T. 34 23-32 35 13-64 d. to 1 dol. O.D. 34 5-8 35 3-16