FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 426, 6 May 1937, Page 8

FINANCIAL NEWS

BASE METAL MARKET Copper Frmer; Tin Easier London, May 4. The official London (middle) quotations for Tuesday, 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 Do! Selling (Per £1 N.Z.) (Per £1 N.Z.) T.T. 3.958 3.95 °-D. 3.961 3.95 J Buying 08. 4.00 5-8 3.998 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 univalent to ap. proximately: 16/1 in London £l/0/1 in Australia. 16/3 in U.S.A. 16/28 in Canada. 14/2 in France. 16/38 in Italy. 9/7 in Germany. £l/8/18 in Japan. 11/98 in Java.

The little joys of life!—how rood they are!—“a day off” in a busy man’s round; the unexpected mee‘ing with an old friend; the chance to do somebody a good turn; a quiet smoke and read when one is weary in body and mind. All these, and many more, are amongst life’s joys. Tobacco is certainly a wonderful sweetener of existence. But to get the full benefits of it you must relax thoroughly after lighting up. and "take it easy,” and if the baccy's right—as, of course, it must be —you’ll soon find /ourself under its beneficial spell and feel life’s worth living. As for tobacco, you cannot possibly have anything better than “toasted,” so sweet, fragrant and solacing, and—being toasted—so harmless! There are five brands of the genuine toasted—Cut Plug No. 10 (Bulkhead), Cavendish, Navy Cut No. 3 (Bulldog), Riverhead Gold and Desert Gold. They range from very mild to full strength and are unequalled for either pipe or cigarette. Be it noted that these are the only toasted tobaccos manufactured.

May 3. Per ton. May 4. Per ton. Copper-— Standard, spot 59 7 6 60 10 0 Ditto, forward 67 1 3 57 18 9 iElectrolytic . 63 0 a 63 10 0 Wire Bars .. ..65 0 0 65 10 0 Lead — Spot .. 24 12 6 24 10 0 Forward .... . . 24 10 0 24 8 9 Spelter— Spot . 23 16 3 23 17 6 Forward . 24 2 6 24 2 6 Tin— Spot 255 5 0 252 5 0 Forward .... 252 5 0 249 5 0 Silver— Standard per oz. 20 5-16d. 20 5-16 Fine 21 13-16d 21 15-16.

New Zealand on Buying. Selling. bondon 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 loo/-/. FiH 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. 4.0110 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 Dire 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 <1. to 1 dol. O.D. 34 5-8 35 3-16