FINANCIAL NEWS
BASE METALS MARKET Prices Still Declining. London, April 20. The official London (middle) quotations for Tuesday, 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 for their purchases and sales of foreign exchanges: New Zealand Buying. Selling, on London ... T.T. 124 124/10/£N.Z. to £ stg. 100 . O.D. 123/10/-124/8/9 Australia .. T.T. £A to £lOO O.D. 101 100/'Z/-
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 7-16 3.94 O;D. 3.94 15-16 3.94 J Buying O.D. 3.99 J '3.98 3-8 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 equivalent to approximately:— 16/1 in London £l/0/1 in Australia. 16/24 in U.S.A. 16/24 in Canada. 14/2J in France. 16/24 in Italy. 9/6? in Germany. H/94 in Java. £l/8/12 in Japan.
April 19. Per ton. April 20. Per ton. Copper— Standard, spot 59 6 3 55 12 6 Ditto, forward 57 11 3 53 11 6 Electrolytic . 65 0 0 62 0 0 to 67 0 0 64 0 0 Wire bars .. 69 0 0 67 0 0 Lead— Spot 24 1 3 22 0 0 Forward .... 23 18 9 22 17 6 Spelter— Spot 24 12 6 22 7 6 Forward .... 24 12 6 22 7 6 Tin — Spot 258 5 0 249 10 0 Forward .... 256 12 6 245 15 0 Silver— Standard,per oz. 20 11-lGd. 20Jd. Fine .. 22 5-16d. 22 l-8d.
Fiji T.T. — £F to £100 O.D. 90/7/6 89 New York .. T.T. 3.97 94 3.94 31 Doi. to £. O.D. 3.99 19 3.94 81 Montreal ... T.T. 3.97 31 3.93 88 Doi. to £ . O.D. 3.98 62 3.94 38 Austria .... T.T. — 20.68 Schgs. to £ O.D. — 20.70 Belgium .... T.T. — 23.305 Bel. to £. O.D. — 23.316 Czechoslovak T.T. — 112.5G Crs. to £. O.D. — 112.61 Denmark .... T.T. 18.203 17.893 Kt. to £... O.D. 18.263 17.903 France T.T. — 88.52 Fts. to £. O.D. — 88.56 Germany .. .• T.T. — 9.761 R.M. to £. O.D. — 9.766 Holland T.T. 7.322 7.172 FIs. to £.. O.D. 7.322 7.172 Italy T.T. — 74.95 Lire to £ . O.D. — 75.00 Java T.T. 7.281 7.121 FIs. to £ .. O.D. 7.341 7.125 Switzerland . T.T. 17.476 17,206 Fra. to £ . O.D. 17.581 17.211 Norway .... T.T. 16.183 15.893 Kf. 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 IS 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 I Singapore T.T. 34 23-32 35 13-64 d. to 1 dol. h '■ . . . O.D. 34 5-8 35 3-16
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Taranaki Central Press, Volume IV, Issue 414, 22 April 1937, Page 8
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503FINANCIAL NEWS Taranaki Central Press, Volume IV, Issue 414, 22 April 1937, Page 8
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