FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 406, 13 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 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.

The Associated Banks (other than the Bank of New South Wales) quoted the following dolldr 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 13-16 3.92 7-16 -O.D. 3.93 5-ilfi 3.92 746 Buying O.D. 3.97 5-8 3.97 3-16

N.Z. Pound Abroad.

Based on tigures quoted by ths 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/lj in U.S.A. 16/14 in Canada. 14/11 in Frande. . Ifi/lif in Italy. 9/G'j in Germany. 11/85 iii Java. ... Xl/8/1J in Japan,

Apr. 8. Per ton. typr. 9. Per ton. Copper— Standard, spot 64 1 3 65 18 9 Ditto, forward 63 4 4* 65 3 1J Electrolytic . 69 0 fl 70 o e 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 ria— Spot 275 0 a 277 0 0 Forward .... 272 5 0 273 12 6 Silver— Standard, per ■ oz. 21d. 21 l-16<f. Fine . 22 lll-16d .. 22?d.

on London T.T. 124 124/10/£N.Z. to £ stg. 100 . O.D. 123/10/-124/8/9 Australia .. T.T. — —- £A to £100 O.D. 101 i too/-'/-Fiji T.T. — —i - £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. 3.96 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 CzochosloVafl, T.T. r111.76 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 Germany .... 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 ........ T.T. 7.261 7.ioi 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 <1. to 1 dol. O.D. 34 5-8 35 3-16