FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 429, 10 May 1937, Page 8

FINANCIAL NEWS

BASE METAL MARKET Little Changes In Prices London, May 7. 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. 3.95 11-16 3.94 13-16 O.D. 3.96 3-16 3.95 5-16 Buying O.D. 4.00 J 3.99 9-16 N.Z. Pound Abroad. Based on figures quoted by ths 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. ■l6/23 in Canada. 14/2 in France. 16/3 in Italy. 9/7 In Germany. £l/8/13 In Japan. 11/9J in Java.

They used to say in England once upon a time, that the seductive Cigarette would sooner or later supplant the Mpe altogether, but “the trade,” in the Sid Land, says that pipe smoking there was never more popular than at the present time. Parsons, lawyers, doctors, politicians are all patrons of the pipe, and Mr. Baldwin's cherrywood has become world-famous. New Zealanders smoke millions of cigarettes every year, but the pipe still holds pride of place with smokers innumerable in Maoriland. As for tobacco, tastes proverbially differ, but it’s no less true that “toasted” is first favourite with smokers throughout the length and breadth of the Dominion. The five genuine toasted brands. Cut Plug No. 10 (Bullshead), Cavendish, Navy Cut No. 3 (Bulldog), Riverhead Gold, and Desert Gold are in Incessant demand, for it’s now generally recognised that while they give the most enjoyable smoke it’s possible to get, they are (thanks to toasting) the purest and least harmful of any tobaccos manufactured. And yon liever tire of them! Once you take to toasted you’ll never want to change.

May 6. May 7. Per ton. Pei ton. Copper— Standard, spot 60 2 6 60 3 9 Ditto, forward 56 : 18 9 56 18 9 Electrolytic .. 63 0 0 65 0 0 Wire Bars .... 65 0 0 65 0 0 Lfead— Spot 24 1 3 24 1 3 Forawrd 24 0 0 24 0 0 Spelter— >9pot 23 2 6 23 3 9 Forward. 27 7 6 23 10 0 Tin— Spot 249 12 6 249 6 8 Forward .... 248 2 6 247 5 0 Silver— Standard per oz. 20 7-16d. 20 3-8d. Fine .. 2: 2 l-6d 22d.

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/'"/Fiji T.T. — £F to £100 I 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 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 13 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. 2211-32 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