FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 428, 8 May 1937, Page 7

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 As sociation, 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 ot foreign exchanges:New Zealand Buying. Selling. on

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 e 1 N.Z.) (Per £1 N.Z.) T.T. 3.953 3.95 O.D. ‘ 3.961 3.95 J Buying O.D. 4.00 5-8 3.993 N.Z. Pound Abroad. Bas~d on figures quoted by the Bank of New South Wales, the N-'w i Zealand pound, compared with its t;M- ! ginal par value, is ejuivalent to ap- i proximately: 16/1 in London £l/0/1 in Australia. 16/3 in U.S.A. 16/23 in Canada. 14/2 in France. 16/31 in Italy. 9/7 in Germany. £l/8/13 in Japan. 11/93 in Java.

May 3. Per ton. May 4. Per ton. Copper— Standard, spot 59 7 G 60 10 0 Ditto, forwar d 67 1 3 57 18 9 Electrolytic . G3 0 0 G3 10 0 Wire Bars . . . . 65 0 0 65 10 0 Lead — Spot . . 24 12 G 24 10 0 Forward .... . . 24 10 0 24 8 9 Spelter — Spot . 23 16 3 23 17 6 Forward , . 24 2 G 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.

Bo nd on . 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 oo/-:/-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. 4.0110 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 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 .... 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 F*rs. 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 a. 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