FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 409, 16 April 1937, Page 8

FINANCIAL NEWS

BASE METALS MARKET A Firmer Tendency. London, April 14. The official London (middle) quotations for Wednesday, 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 dollar rates yesterday on a New Zealand currency basis. They are subject to alteration without notice. U.S.A. Doi. Canadian Doi Selling (Per £4 N.Z.). (Per £1 N.Z.) T.T. 3.92 7-8 3.92 J O.D. 3.93 3-8 3.93 Buying O.D. 3.9711-16 3.97 3-16 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 eluivalent to approximately:— . 16/1 in London £l/0/1 in Australia. 16/2 in U.S.A. 16/lSd in Canada. 14/23: in France. 16/2 in Italy. 9/6i in Germany. 11/9 in Java. £l/8/lJ in Japan.

April 13. Fer ton. April 14. Per ton. Copper— Standard, spot 62 18 9 64 3 9 Bitot, forward 61 16 3 62 13 9 Electrolytic . 68 10 O' 68 10 0 to 69 10 0 70 10 0 Wire liars 1. 69 10 0 70 10 0 Lead— Spot 25 7 6 25 13 9 Forward .... 25 2 6 25 10 0 Spelter— Spot 26 6 3 26 2 6 Forward .... 26 10 0 26 7 6 Tin— Spot 272 10 0 276 0 0 Forward .... 269 10 0 278 17 6 Silver— Standard, per oz. 21 l-8d. 20 15-16d. Fine 22 13-16d. 22 9-l«d.

on London ... T.T. 124 124/10/£N.Z. to £ Stg. 100 . O.D. 123/10/-124/8/9 Australia .. T.T. — — £Ato£100 O:D. 101 loo/-:/-Fiji T.T. — £F to £106 1 O.D. 90/7/6 89 New York .. T.T. 3.95 97 3.98 36 Dol. to £. O.D. 3.97 22 3.9! 86 Montreal ... T.T. 3.95 54 3.92 05 Dol. 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 K r. 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. 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. 2211-32 22 41-64 Japan ...... T.T. — 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