FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 416, 24 April 1937, Page 8

FINANCIAL NEWS

BASE METALS MARKET Copper Easier; Others Firmer. London, April 22. The official London (middle) quotations for Thursday, 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 tor their purchases and sales of foreign exchanges:—

The Associated Banka (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 £«. 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 i 3.98 3-8 N.Z. Pound Abroad. Based on figures quoted by tbs Bank of New South Wales, the New Zealand pound, compared with its original par value, is univalent to approximately:— 16/1 in London £l/0/1 In Australia. 16/21 in U.S.A. 16/21 in Canada. 14/2J in France. 16/21 in Italy. 9/6? in Germany. 11/91 in Java. £l/8/11 in Japan.

April 21. Per ton. April 22. Per ton. Copper— Standard, spot 61 0 0 50 17 6 Ditto, forward 57 10 0 57 6 3 Electrolytic . 63 0 0 64 0 0 to 65 0 0 66 0 0 Wire bars .. 65 0 0 66 0 0 Lead — Spot 24' 11 3 26 2 6 Forward .... 24 S 3 26 0 0 Spelter— Spot 23 13 9 25 15 0 Forward 23 13 9 25 15 0 Tin— Spot 261 5 0 269 7 6 Forward .... 257 17 6 264 15 0 Silver— Standard, per oz. 20Jd. 20 5-16d. Fine .. 22 l-8d. 21 5-16d.

New Zealand Buying, on Selling. London ... T.T. 124 124/10/£N.Z. to £ Big. 100 . O.D. 123/10/-124/8/9 Australia .. T.T. — — £Ato £100 wp. 101 loo/-:/-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. 3.9919 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. — 112.56 Crs. to £.. O.D. — 112.61 Denmark .... T.T. 18.203 17.893 Kr. to £... O.D. 18.263 17.903 France T.T. — 88.52 Frs. 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 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. 1819-64 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. 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 1 dol. O.D. 34 5-8 35 3-16