FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 423, 3 May 1937, Page 8

FINANCIAL NEWS

BASE METAL MARKET Recovery in Prices London, April 30. The official London (middle) quotations tor Friday, as reported l>y the Australian Mines and Metals Association, compare with those previously cabled as follows: April 29. April 30

FOREIGN EXCHANGES * IF 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 £l. N.Z.) (Per £1 N.Z.) T.T. 3.971-16 3.952 O.D. 3.98 13-16 3.96 Buying O.D. 4.01 7-16 4.001 N.Z. Pound Abroad. ’ -IT Based on tigures quoted by the Bank of New South Wales, the New Zealand pound, compared with its original par value, is eiuivalent to approximately:— 16/1 in London £l/0/1 in Australia. 16/31 in U.S.A. 16/31 in Canada. 14/3 in France. 16/31 in Italy. 9/7 in Germany. £l/8/12 in Japan. 11/10 in Java.

Mrs Mollison, the famous airwoman, Amy Johnson that was (“Our Amy," as they call her in her native Hull), has been telling a pressman that, when making one of her sensational flights she often finds a cigarette “a real comfort.” Well, there’s nothing like a smoke when you need a cool head and a steady nerve. Men discovered that long before smoking became fashionable among women. And it you want, the acme of comfort and real solace, try “toasted”! It makes the most delightful of all cigarettes (you can roll ten full-sized beauties for 4d. or less of either Riverhead Gold or Desert Gold, the two leading cigarette tobaccos), while toasted is also unequalled for the pipe. There’s a fascination about it you’ll look for in vain in other tobaccos. And it’s so pure! That’s what toasting does, kills the nicotine and makes the five famous brands, Cut Plug No. 10 (Bullshead), Navy Cut No. 3 (Bulldog), Cavendish, Rierhead Gold and Desert Gold, sate and sure for even the heavy smoker. But beware of shoddy imitations!

Per ton. Per ton. Copper— Standard, spot 57 2 6 53 12 6 Ditto, forward 54 6 3 56 1 3 Electrolytic . 60 11 0 62 0 0 Wire Bars ... 62 Id 0 64 0 0 Lead— Spot 22 8 9 23 7 6 Forward 22 5 (} 23 5 0 Spelter— Spot 22 3 9 22 16 3 Forward 22 3 9 22 16 3 Tin— Spot 242 17 6 246 0 0 Forward .... 239 17 6 242 126 Silver—• Standard per oz. 2O.|d. 201d. Fine 22d 21 7-8

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. 101 100/"./Fiji T.T. — ■— £F to £100 O.D. 90/7/6 89 New York .. T.T. 3.99 85 3.96 22 Doi. to £. O.D. 4.01 10 3.96 72 Montreal .. T.T. 3.99 03 3.95 55 Doi to £. O.D. 4.00 28 3.96 05 Austria .... T.T. — 20.73 . Schgs. to & O.D. — 20.75 Belgium .... T.T. — 23;373 Bel. to £ .. O.D. — 23.384 Czechoslovak T.T. — 112.96 Crs to £ .. O.D. — 113.01 Denmark .... T.T. 18.203 17.893 Kr. to £ ... O.D. 18.263 17.903 France ...... T.T. — 88.70 Frs. to £. O.D. — 88.74 Germany .. T.T, — 9.805 R.M. to £. O.D. — 9.810 Holland .... T.T. 7.344 7.194 Els. to £.. O.D. 7.404 7.198 Italy ...... T.T. — 75.30 Lire to £ . O.D. — 75.35 Java T.T. 7.321 7.161 Els. to £.. O.D. 7.381 7.165 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 <1. to 1 dol. O.D. 34 5-8 35 3-16