FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 443, 26 May 1937, Page 7

FINANCIAL NEWS

BASE METAL MARKET COPPER FIRMER: OTHERS STEADY ■ I London, May 24. j The official London (middle) quota- • tions for Monday, as reported by ; the Australian Mines and Metals Association, compare with those previously cabled as follows:

FOREIGN EXCHANGES

R 1! 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.

! N.Z. Pound Abroad. ' I ! Bas-sd on ligures quoted by the ' Bank of New South Wales, the New j Zealand pound, compared with its c;ii- j ginal par value, is equivalent to ap ! proximately: 16/1 in London £l/0/1 in Australia. 16/31 in U.S. 16/3 in Canada. 11/3 in France. 16/3J in Italy. 9/7 in Germany. £l/8/12 in Japan. 11/9£ in Java. j

May 21 Per ton. May 24 Per ton. Copper— Standard, Spot 61 7 6 G2 2 6 Ditto, forward 59 6 3 59 18 9 Electrolytic . 64 0 0 64 10 0 Wire Bars. . . 66 0 0 66 10 0 Lead — Spot . 24 13 9 24 13 9 Forward . . . ..24 11 3 24 12 6 Spelter—. Spot . .v/ ; . . . .23 12 6 24 3 9 Forward . . . . 23 17 6 24 8 9 Tin — Spot 253 0 0 253 15 0 Forward . . . . 251 0 0 252 17 6 Silver — Standard per oz. 20 3-8d 20J Fine 22d 22 7-8

New Zealand OD Buying. Selling. London T.T. 124 124/10/£N.Z. to £ stg. 100 . 0.13. 123/10/- 124/8/9 Australia .. T.T. — — £A to £100 O.D. 101 too/-:/-Fiji T.T. — — £F to £100 O.D. 90/7/6 89 New York . . TiT. 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. — 23.3-1-5 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. 488.74 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 <1. to 1 dol. O.D. 34 5-8 35 3-16

U.S.A. Doi. Canadian Doi Selling: (Per £1 N.Z.) (Per £1 N.Z.) T.T. 3.961 3.95 7-8 O.D. 3.963 3.96 3-8 Buying O.D. ' 4.01 1-8 4.00 5-8