FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 408, 15 April 1937, Page 8

FINANCIAL NEWS

BASE METALS MARKET Further Decline in Prices. London, April 13. The official London (middle) quotations for Tuesday, 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 for 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 £l. N.Z.) (Per £1 N.Z.) T.T. 3.92 7-8 3.924 O.D. 3.93 3-8 3.93 Buying O.D. 3.97 11-16 3.97 3 16 N.Z. Pound Abroad. Eased on tigures quoted by the Bank of New South Wales, the New Zealand pound, compared with its original par value, is ejuivalent to approximately:— 16/1 in London £l/0/1 in Australia. 16/13 in U.S.A. 16/14 in Canada. 14/2 in France. 16/13 in Italy. 9/6} in Germany. 11/83 in Java. £l/8/14 in Japan.

April 12. Per ton. April 13. Per ton. Copper— Standard, spot 63 12 6 62 18 9 Ditto, forward 62 11 3 61 16 3 Electrolytic . 68 0 0 68 10 0 to 69 10 0 69 10 0 Wire bars .. 69 10 0 69 10 0 Lead — Spot 26 10 0 25 7 6 Forward .... 26 5 0 25 2 6 Spelter— Spot 26 15 0 26 6 3 Forward, 26 18 ft 26 10 0 Tin— Spot I. 274 12 6 272 10 ■') Forward .... 271 12 6 269 10 0 Silver— ■Standard,per oz. 211-lfid. 21 l-8d. Fine . . 22Sd. 22 13-16d.

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 loo/':/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 3.9286 Montreal ... T.T. 3.95 54 3.92 05 Doi. to £ . O.D. 3.96 79 ' 3.92 55 Austria .... T.T. —' 20.53 Schgs. 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. — 86.0§ Fra. to £ .. O.D. — 86.07 Germany .... T.T. — 9.713 R.M. to £. O.D. — 9.718 Holland .... T.T. <’.288 7.138 FIs. to £ .. O.D. 7.348 7.142 Italy T.T. — 74.59 Lire to £ .. O.D. — 74.64 Java ...... j<*.. 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. India and O.D. 18 17-64 18 25-32 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