FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 431, 12 May 1937, Page 7

FINANCIAL NEWS

BASE METAL MARKET lilt’s Charges In Prices . i London, May 7. I The official London (middle) quota- ' tions for Friday, as reported by | the Australian Mines and Metals As- | sociation, compare with those previ- ; ously 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:

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 £ l . N.Z.) (Per £1 N.Z.) T.T. 3.95 11-16 3.94 7-8 O.D. 3.96 3-16 3.95 3-8 Buying O.D. 4.00 9-16 3.99 9-16 N.Z. Pound Abroad. Bas»d on figures quoted by the Bank of New South Wales, the New Zealand pound, compared with its anginal par value, is equivalent to approximately:— 16/1 in London £l/0/1 in Australia. 16/3 in U.S.A. 16/23 in Canada. 14/2 in France. 16/3 in Italy. 9/7 in Germany. £l/8/13 in Japan. 11/93 in Java.

May 6. Per ton. May 7. Per ton. Coppsi— Standard, spot GO 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 Lead— Spot . 24 1 3 24 1 3 Forawrd 24 0 0 24 0 0 Spelter— Spot 23 . 2 6 23 3 9 Forward .... 27 7 6 23 10 0 Tin— Spot 249 12 6 249 6 8 Forward .... 248 2 G 247 5 0 Silver — Standard per oz. 20 7-16d. Fine 22 l-6d 20 3-8d. 22d.

New Zealand Buying. Selling. on 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 O.D. 90/7/6 89 New York .. T.T. 3.99.30 3.95.62 Doi. to £. O.D. 4.00 55 3.96 12 Montreal . . T.T. 3.98 33 3.94 85 Doi to £. O.D. 3.99 58 3.95 35 Austria .... T.T. — 20.68 Schgs. to £ O.D. — 20.70 Belgium .... T.T. — 23.345 Crs to £ .. O.D. — 23.356 Czechoslovak T.T. -- 122.91 Crs to £ .. O.D. — 113.01 Denmark .... T.T. 18.203 17.893 Kr. to £ . . . O.D. 1S.2G3 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