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:
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 £l. N.Z.) (Per £1 N.Z.) T.T. 3.96 3,16 3.952 O.D. 3.96 11-16 3.961 Buying O.D. 4.01 1-16 4.004 N.Z. Pound Abroad. Bas®><! on tigures quoted by the Bank of Nd»w South Wales, the New Zealand pound, compared with its Gib ginal par value, is equivalent to approximately:—• 16/1 in London £l/0/1 in Australia. 16/3S in U.S. 16/3£d in Canada. 14/2 in France. 16/3J in Italy. 9/7J in Germany. £l/8/l| in Japan. 11/9.1 in Java.
Pe May 18 May 13 r ton. Per ton. Copper— ( Standard, Spot 62 17 6 .63 17 6 Ditto, forward 58 7 6 58' 8 9 Electrolytic . . .64 0 0 64 0 0 Wire Bars 66 0 0 67 0 0 Lead — Spot 22 12 6 23 11 3 Forward . 2 10 0 23 8 9 Spelter— Spot 22 3 9 22 18 9 Forward 22 10 0 23 5 0 Tin —- Spot 249 15 0 254 10 0 Forward .... 2'17 7 6 250 7 6 Silver— Standard per oz. 20 3-8d 20 3-8d. Fine 22d 22d
New Zealand or Buying. Selling. 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 wo/-:/-Fiii 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. — 23.315 Crs to £ .. O.D. — 23.356 Czechoslovak T.T. — 122.91 Crs to ,£ .. O.D. — 113.01 Denmark .... T.T. 18.2G3 17.893 Kr. to £ .. O.D. 18.263 17.903 France T.T. — 188.70 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 Nor-way .... 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
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Taranaki Central Press, Volume IV, Issue 441, 24 May 1937, Page 7
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497FINANCIAL NEWS Taranaki Central Press, Volume IV, Issue 441, 24 May 1937, Page 7
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