FINANCIAL NEWS
BASE METAL 'MARKET SLIGHT EASING IN PRICES. London, May 14. 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 Rank 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. 3.96 3.95 3-8 O.D. 3.96 3.95 7-8 Buying O.D. 4.00 7-8 4.00 1-16 N.Z. Pound Abroad. on figures quoted by the Rank of New South Wales, the Now Zealand pound, compared with its original par value, is equivalent to approximately:— 16/1 in London £l/0/1 in Australia. 16/31 in U.S.A. 16/3 in Canada. 14/23d in France. 16/3J in Italy. in Germany. £l/8/12 in Japan. 11/92 in Java.
May 13 ; May 14 Per ton. Per ton. Copper— Standard, spot 62 1 3 61 17 6 Ditto, forward 58 13 57 2 6 Electrolytic . 64 0 0 63 0 0 Wire Bars . . . 6'5 0 0 65 0 0 Lead — Spot . . 23 12 6 22 18 9 Forward .... . . 23 10 0 22 15 0 Spelter— Spot 22 10 0 22 5 0 Forward .... . 22 17 6 22 5 0 rin-f-Spot 250 5 0 249 5 0 Forward ... 247 12 6 243 0 0 Silver— Standard per oz. .. 22d 22 l-16d Fine . ... 20 3-8d 20 7-16d
New Zealand on Buying. Selling. London T.T. 124 24 /ip;£N.Z. to £ stg. 100 , O.D. 123/10/- 124/8/9 Australia .. T.T. — — £A to £100 O.D. 101 00/- ./- 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. — 23.3-45 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. 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 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 dpi. 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. tp 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
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Taranaki Central Press, Volume IV, Issue 435, 17 May 1937, Page 7
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491FINANCIAL NEWS Taranaki Central Press, Volume IV, Issue 435, 17 May 1937, Page 7
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