FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 440, 22 May 1937, Page 7

FINANCIAL NEWS

BASE METAL MARKET GENERAL ADVANCE IN PRICES London. May 19. The official London (middle) quotations for Wednesday, as reported by the Australian Mines and Metals Association. compare with those previously cabled as follows:

May 18 May 13 Per ton. Per ton. CopperStandard, Spot 62 17 G G 3 17 G Ditto, forward 58 7 6 58 8 9 Electrolytic . . G - 0 0 0 0 Wire Bars .. G 6 0 0 67 0 0 Lead — Spot 22 12 G 23. 11 3 Forward 2 10 0 23 8 9 Spelter— Spot 22 3 t 9 22 18 9 Forward 22 10 0 23 5 0 Tin— Spot 249 15 0 254 10 0 Forward .... 247 7 6 250 7 6 Silver— / Standard per oz. 20 3-8 d 20 3-Bd. Fine 22d 22d

FOREIGN EXCHANGES On New Zealand Currency Basis. The Bank ot 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 fallowing 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 3-16 3.953 O.D. t 3.96 11-16 3.961 Buying OD - 4.01 1-16 4.OQJ N.Z. Pound Abroad. Bas“d on figures quoted by the Bank of Naw South Wales, the Naw Zealand pound, compared with its miginal par value, is ejuivalent to approximately:— 16/1 in London £l/0/1 in Australia. 16/3J in U.S. 16/3Jd in Canada. 14/2 in France. 16/31 in Italy. 9/7J in Germany. ’ £l/8/13 in Japan. 11/93 in Java.

New Zealand Buying. Seiling. on / ! London T.T. 124 124/10/£N.Z. to £ stg. 10% . O.D. 123/10/- 124/8/9 Australia .. T.T. — — £A to £100 O.D. 101 loo/-:/-Fiji T.T. — — £F to £10C 1 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 rs Crs‘ to £ .. O.D. — 23.356 Czechoslovak T,T. — 122.91 ' Crs to £ .. O.D. — 113.01 Denmark .... T.T. 18.2(1.3 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 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