FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 424, 4 May 1937, Page 8

FINANCIAL NEWS

BASE METAL MARKET Recovery in Prices London, April 30. 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 Bank 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. 3.971-16 3.95? O.D. 3.98 13-16 3.96 Buying O.D. 4.01 7-16 4.00 J .1 . , 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, 1b eiuivalent to approximately:— 16/1 in London £l/0/1 in Australia. 16/3J in U.S.A. 16/31 in Canada. 14/3 in France. 16/3J in Italy. , 9/7 in Germany. , ♦ ■' • ’i£l/8/i?i ft? JApan. 11/10 in Java. 1

April 29. Per ton. April 30 Per ton. Copper— Standard, spot 57 2 6 58 12 6 Ditto, forward 54 6 3 56 1 3 Electrolytic . 60 11 0 62 0 0 Wire Bars ... 62 10 0 64 0 0 Lead — Spot 22 8 S 23 7 6 Forward 22 5 0 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. 20id. 20Jd. Fine 22d 21 7-8

New Zealand on Buying. ! 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/'7/Fiji T.T. — — £F to £100 i O.D. 90/7/0 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 ' Seligs, 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 . s.. 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 17.211 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. 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