FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 442, 25 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. | Copper—j 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 Snelter — Spot 22 3 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-Sd. Fine 22d 22d

i FOREIGN EXCHANGES On New Zealand Currency Basis. i i The Bank of New South Wales, Wellington, quoted the following rates for their purchases and sales of I 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.j (Per £1 N.Z.) T.T. 3.'96'3-16 3.952 O.D. 3.9 G 11-16 3.96 i Buying O.D. 4.01 1-16 4.001 N.Z. Pound Abroad. Based on figures quoted by the Bank of New South Wales, the New Zealand pound, compared with its original par value, is e juivalent to up proximately: 16/1 in London £l/0/1 in Australia. 16/3J in U.S. 16/3|d in Canada. ’ 14/2 in France. 16/3J in Italy. 9/71 in Germany. £l/8/15 in Japan. 11/95 in Java.

New Zealand Buying. Seiling. on London T.T. 124 124/10/£N.Z. to £ stg. 100 . O.D. 123/10/.24/8/9 Australia .. T.T. — ■ — £A to £100 O.D. 101 loo/-:/-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. — 20168 Seligs, 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. 18.263 ■ 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 Flong Kong T.T. 18 19-64 18 51-64 d. to 1 dol. O.D. l?17-64 18 25-32 India and Ceylon .... T.T. 22 3-8 8 22 21-32 d. to rupee. O.D. 22 1.1-32 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