FINANCIAL NEWS

Taranaki Central Press, 19 April 1937, Page 8

FINANCIAL NEWS

BASE METALS MARKET Sharp Fall in Prices. London, April 16. The official London (middle) quotations fox* 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:

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. 3.94 3.93 5-8 O.D. 3.94 J .3.94 1-8 Buying O.D. 3.98 3-lg 3.98 g-ig N.Z. Pound Abroad. Based on figures quoted by ths 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. 16/21 in U.S.A. 16/2 in Canada. . 14/21 in France, 16/21 in Italy. 9/6i in Germany. 11/9 in Java. £l/8/15 in Japan.

April 15. Per ton. April 16. Per t ;on. Gopper—• Standard, spot 64 3 9 62 1 3 Ditto, forward 62 13 9 60 18 9 Electrolytic . 68 10 0 67 0 0 to 70 0 0 67 0 0 Wire bars .. 70 0 0 69 0 0 Lead — Spot 25 7 0 25 1 3 Forward 25 5 0 24 18 9 Spelter— Spot 20 6 3 26 0 0 Forward 26 10 0 26 0 0 Tin— Spot 272 15 0 265 15 0 Forward .... 270 5 0 263 17 6 Silver— Standard,per oz. 20 13-16d. 20 ll-16d (Fine 22 7-16d. 22 5-16d.

New Zealand on Buying. Selling. 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 ioo/-:/-Fiji T.T. — £F to £10C • O.D. 90/7/6 89 New York .. T.T. 3.97 51 3.93 94 Doi, to £. O.D. 3.98 76 3.94 44 Montreal ... T.T. 3.97 04 3.93 55 Doi. to £. O.D. 3.98 29 3.94 05 Austria .... T.T. — 21.63 Schgs. to £ O.D. — 20.65 Belgium .... T.T. — 23.285 Bel. to £ .. O.D. — 23 296 Czechoslovak. T.T. — 112.26 Crs. to £ .. O.D. ' — 112.31 Denmark .... T.T. 18.203 17.893 Kr. to £ ... O.D. 15.263 17.903 France T.T. — 86.18 Mrs. to £. O.D. — 88.22 Germany T.T. — 9.749 < R.M. to £. O.D. — 9.754 Holland T.T. 7.314 7.164 FIs. to £ . . O.D. 7.348 7.142 Italy T.T Lire to £ .. O.D. — 74.95 Java T.T. 7.281 7.121 FIs. to £.. O.D. 7.341 7.125 Switzerland . T.T. 17.476 17,206 . Frs. to £ . O.D. 17.581 17.211 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 dot. 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 15-32 d. to 1 yen O.D. — 17 29-64 Singapore T.T. 34 23-32 35 13-64 d. to 1 dol. O.D. 34 5-8 35 3-16