FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 419, 28 April 1937, Page 8

FINANCIAL NEWS

BASE METALS MARKET London, April 23. The official London (middle) quotations for 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 Batik of New South Wales, Wellington, quoted the following rates tor 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 7-16 3.94 O.D. 3.94 15-16 3.94 J Buying O.D. 3.99:1 3.98 3-8 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 proximately:—16/1 in London £l/0/1 in Australia. 16/3 in U.S.A. 16/2| in Canada. 14/4 in France 16/3 in Italy. 9/6J in Germany. Sl/8/1J in Japan. 11/93 in Java.

April 22. Per ton. April 23. Per ton. Copper— Standard, spot 59 17 6 60 8 9 Ditto, forward 57 6 3 57 14 4i Electrolytic 64 0 0 65 0 0 to 66 0 0 66 10 6 Wire bars .. 66 0 0 66 10 0 Lead— 'Spot ........ 26 2 6 25 8 9 Forward 26 0 0 25 5 0 Spelter— spot 25 15 0 25 8 9 Forward .... 25 15 0 25 10 a Tin— Spot 269 7 6 260 10 0 Forward .... 264 15 0 255 12 6 Silver — Standard, per oz 20 5-16d. 20 3-16d. Fine . . 21 5-16 d 21 13-16d.

New Zealand Buying. on 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 ion/-:/-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 3.9*38 Austria .... T.T. — 20.68 Schgs. to £ O.D. — 20.70 Belgium .... T.T. — 23.305 Beh to £ .. b.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 17.21,1 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 3-16