FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 438, 20 May 1937, Page 7

FINANCIAL NEWS

BASE METAL MARKET RECOVERY IN COPPER. London, May 18. The official London (middle) quotations for Tuesday, as reported by the Australian Mines and Metals As sociation, 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 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 5-16 3.9515-16 O.D. 3.96 13-16 3.96 7-16 Buying O.D. 4.01 3-16 4.00 5-8 N.Z. Pound Abroad. Based on figures quoted by the Bank ot New South Wales, the New Zealand pound, compared with its original par value, is ejuivalent to ap proximately: 16/1 in London £l/0/1 In Australia. 16/31 in U.S. 16/3Jd in Canada. 14/2 in France. 16/3J in Italy. 9/7i in Germany. £l/8/13 in Japan. 11/93 in Java.

Pei May 1-1 '' to % May 18 Per ton. Copper— Standard, spot G1 17 6 62 17 6 Ditto, forward 57 2 6 5S 7 6 Electrolytic .. 63 0 0 G4 1 0 0 Wise Bars 65 0 0 66 0 0 Lead — Spot 22 18 9 22 12 6 Forward .. . . 22 15 0 22 10 0 Spelter— Spot 22 5 0 22 3 9 Forward 22 5 0 22 10 0 Tin — ■Spot 249 5 0 249 15 0 Forward .... 243 0 0 247 7 3 Silver — Standard per oz. . .2 12-16d. 20 3-8d Fine . 20 7-16d 22d

Mew Zealand on Buying. Selling. 'jondon 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 oo/-:/-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. 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. 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-S 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