FINANCIAL NEWS
BASE METAL MARKET SLIGHT EASING IN PRICES. London, May 14. ; The official London (middle) quota- | tions for Friday, as reported by the Australian Mines and Metals As sociation, compare with those previously cabled as follows:
May 13 May 14 Per ton. Pei* ton. Copper— Standard, spot 62 1 3 61 17 6 Ditto, forward 58 1 3 57 2 6 Electrolytic . . 64 0 0 63 0 0 Wire Bars .. 65 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 Tin — Spot 250 5 0 249 5 0 Forward ... 247 12 6 243 0 0 SilverStandard per oz. . . 22d 22 l-16d Fine 20 3-8 d 20 7-16 d
FOREIGN EXCHANGES On New Zealand Currency i Basis. The Bank of New South Wales, Wellington, quoted the following rates 'or their purchases and sales of 'oreign 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 £’. N.Z.) (Per £1 N.Z? T - T - 3.96 J 3.9511-16 O-D. 3.963 3.96 3-16 Buying OD. 4.01 1-8 4.00 7-16 N.Z. Pound Abroad. Bas«><l on figures quoted by ths Bank of New South Wales, the New Zealand pound, compared with its nilglnal 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. 16/31 in Italy. 9/71 in Germany. £l/8/13 in Japan. 11/93 in Java.
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 r £ . . O.D. — 113.01 Denmark .... T.T. lg.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 f . 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 15.4.90 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 Kortg . T.T. 18 19-6 I 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
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Taranaki Central Press, Volume IV, Issue 437, 19 May 1937, Page 7
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498FINANCIAL NEWS Taranaki Central Press, Volume IV, Issue 437, 19 May 1937, Page 7
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