FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 436, 18 May 1937, Page 7

FINANCIAL NEWS

BASE METAL MARKET SLIGHT EASING IN PRICES. London, May 14. The official London (middle) quotations for Friday, qs 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:

The Associated Banks (other than the Bank of New South Wales) quoted th 6. 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 J 3.9511-15 OD - 3.962 3.96 3-16 Buying °- D - 4.01 i-8 4.00 7-1.6 N.Z. Pound Abroad. Bas-rf on figures quoted by the Bank of New South Wales, the New Zealand pound, compared with its original par value. Is ejuivaldnt to approximately:— 16/1 in London £l/0/1 in Australia. 16/31 in U.S.A. 16/3 in Canada. 14/22d in France. 16/31 in Italy. 9/71 in Germany. £l/8/12 in Japan. 11/92 in Java.

May 13 Per ton. May 14 Per ton. Copper— Standard, spot 62 1 3 G1 17 6 Ditto, forward 58 1 3 57 2 6 Electrolytic . 64 0 0 G3 0 0 Wire Bars .. . 65 0 0 65 0 0 Lead — Spot . . 23 12 6 22 18 9 Forward .... . . 23 10 0 22 1*5 0 Spelter— Spot 22 10 0 22 5 0 Forward .... . 22 17 6 22 5 0 Tin — 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 7-16(1

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 S5 Doi to £. O.D. 3.99 58 3.95 35 Austria .... T.T. — 20.68 Schgs. to £ O.D. — 20.70 Belgium .... T.T. — 23.34'5 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 15.001 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 17-6 1 IS 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