FINANCIAL NEWS
BASE METALS MARKET Further Decline in Prices. London, April 19. The official London (middle) quotations for Monday, 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 3-16 3.93 5-8 O.D. 3.94 11-16 3.94 1-8 Buying ■ O.D. 3.99 3.98 5-16 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. IG/2J in U.S.A. 16/2& in Canada. 14-/2J in France. 16/-2J in Italy. 9/63 in Germany. 11/9A in Java. £l/8/12 in Japan.
April 16. Per ton. April 19. Per ton. Copper— Standard, spot 62 1 3 59 6 3 Ditot, forward 60 18 9 57 11 3 Electrolytic . 67 0 0 65 0 0 to 67 0 0 67 0 0 Wire bars .. 69 0 0 67 0 9 Lead— Spot 25 1 3 24 1 3 Forward ■ ■ .. 24 18 9 23 18 9 Spelter— Spot 26 0 0 24 12 6 Forward 26 0 0 24 12 6 Tin— Spot 265 15 0 258 5 0 Forward .... 263 17 6 256 12 6 Silver— Standard,per 3Z. 20 ll-16d 20 ll-16d Fine . . . 22 5-16d. 22 5-16d.
New Zealand on Buying. Selling. honddn 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. 101 100/-.//-Fiji T.T. — £F to £100 O.D. 90/7/6 89 New York .. T.T. 3.97 74 3.94 11 Doi. to £ . O.D. 3.98 99 3.94 61 Montreal ... T.T. 3.97 17 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. 18.20.3 17.893 Kr. to £ . .. O.D. 15.263 17.903 France T.T. 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. — 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 1825-64 Hong Kong T.T. 18 19-64 18 51-64 d. to 1 dol. O.D. 18-17-64 18 25-32 India s.nd Ceylon .... ’T.T. 22 3-8 22 21-32 d. to rupee. O.D. 2211-32 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 I dol. O.D. 34 5-8 35 3-1«
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Taranaki Central Press, Volume IV, Issue 413, 21 April 1937, Page 8
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497FINANCIAL NEWS Taranaki Central Press, Volume IV, Issue 413, 21 April 1937, Page 8
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