FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 412, 20 April 1937, Page 8

FINANCIAL NEWS

BASE METALS MARKET Sharp Fall in Prices. London, April 16. The official London (middle) quotations for Friday, 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 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 £J N.Z.) (Per £1 N.Z.) T.T. 3.94 3-16 3.93 5-8 O.D. 3.9411-18 3.941.8 Buying O.D. 3.99 \ 3.98 g-jg 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 ejuivalent to approximately:— 16/1 in London £l/0/1 in Australia. 16/2i in U.S.A. 16/2 in Canada. 14/2J in France. 16/24 in Italy. 9/6J in Germany. 11/9 in Java. £l/8/15 in Japan.

April 15. Per ton. April 16. Per ton. Copper— 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 O' Lead— Spot 25 7 6 25 1 3 Forward 25 • 5 0 24 18 9 Spelter— Spot 26 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 11-16(1 Fine 22 7-16d. 22 5-16d.

tendon ... £N.Z. to £ T.T. 124 124/10/Btg. 100 . O.D. 123/10/-124/8/9 Australia .. T.T. — £A to £100 O.D. 101 too/-:/-Fili T T £F to £100 O.D. 90/7/6 89 New York 4 . T.T. 3.97 74 3.94 11 Doi. to £. O.D. 3.98 99 3.94 61 Montreal ... T.T. 3.9717 3.93 69 Doi. to £. O.D. 3.95 42 3.94 19 Austria .... T.T. — 20.63 Schgs. to £ O.D. — 20.65 Belgium .... ' T.T. — 23.309 Bel. to £ .. O.D. — 23.320 Czechoslovak. T.T. — 112.50 Crs. to £ . O.D. — 112.55 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. 7.34S 7.142 Italy T.T. — 74.90 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 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 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 3-1*