FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 410, 17 April 1937, Page 8

FINANCIAL NEWS

BASE METALS MARKET Tin Easier; Copper Steady. London, April 15. The official London (middle) quotations for Thursday, as reported by the Australian Mines and Metals Association, compare with those previously cabled as follows:

Silver— Standard,per oz. 20 15-16 d. 20 13-16 d. Fine 22 9-16 d. 22 7-16 d. 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 £1 N.Z.) T.T. 3.93$ 3.93 1-8 O.D. 3.94 3.93 5-8 Buying O.D. 3.98 5-16 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 equivalent to approximately:— 16/1 in London £l/0/1 in Australia. 16/2 In U.S.A. 16/lJd in Canada. 14/2J in France. 16/2 in Italy. 9/61 in Germany. 11/9 in Java. £l/8/1$ in Japan.

April 14. Per ton. April 15. Per ton. Copper—• Standard, spot 64 3 9 64 3 9 Ditto, forward 62 13 9 62 3 9 Electrolytic . 68 10 0 68 10 0 to 70 10 0 70 0 0 Wire bars .. 70 10 0 70 0 0 Lead— Spot 25 13 9 25 7 6 Forward .... 25 10 0 25 5 0 Spelter— Spot 26 2 6 26 6 3 Forward 26 7 6 26 10 0 Tin— Spot 276 0 0 272 15 0 Forward .... 278 17 6 270 5 0

London £N.Z. to £ T.T. 124 124/10/stg. 100 . Australia .. O.D. 123/10/-124/8/9 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 3.92 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 Schgs. to £ O.D. — 20.55 . Belgium .... T.T. — 23.212 Bel. to £ . O.D. — 23.223 Czevhoslovatl. 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 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 .