FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 427, 7 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 for their purchases and • sales of foreign exchanges: New Zealand Buying. Selling.

The Associated Banks (other than the Bank of New Sonth 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 tiol Selling (Per £1 N.Z.) (Per £1 N.Z.) T.T. 8.95$ 3.95 O.D. 3.96$ 3.95 J Buying O.D. 4.00 5-8 3.99$ 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 approximately:— 16/1 in London £l/0/1 in Australia. 16/3 in U.S.A. 16/2$ in Canada. 14/2 in France. 16/3$ in Italy. 9/7 in Germany. £l/8/1$ in Japan. 11/9$ in Java.

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 Electrolytic 63 0 0 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.

on London ... T.T. 124 124/ie/£N.Z. to £ stg. 100 . O.D. 123/10/-124/8/9 Australia .. T.T. — —— £A to £100 O.D. 101 too/-:/-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 17.211 Norway .... T.T. 16.163 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. 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