FINANCIAL NEWS
BASE METAL MARKET COPPER FIRMER; OTHERS STEADY London, May 24. The official London (middle) quotations' for Monday, 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.
N.Z. Pound Abroad. Bas?<l on figures quoted by the Bank of New South Wales, the New Zealand pound, compared with its original par value, is ejuivalent to approximately:— 16/1 in London £l/0/1 in Australia. 16/31 in U.S. 16/3 in Canada. IT/3 in France. 16/3J in Italy. 9/7 in Germany. in Japan. 11/91 in Java.
May 21 n. May 24 Per ton. Pe tc Copper— Standard, Spot 61 7 6 62 2 6 Ditto, forward 59 6 3 59 18 9 Electrolytic .. 64 0 0 64 10 I) 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 .23 12 B 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 201 Fine 22d 22 1-t
New Zealand on 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 L00/' ./- 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 Dol to £. O.D. 3.99 58 3.95 35 Austria .... T.T. — 20.68 Schgs. to £ O.D. — 20.70 Belgium .... T.T. — 23.31’5 Crs to £ .. O.D. — 23.356 Czechoslovak T.T. — 122.91 Crs to £ .. O.D. — 113.01 Denmark .... T.T. 18.203 17.893 "Rr. 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 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. 17.4*76 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.J85 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
U.S.A. Doi. Canadian i Doi Selling; (Ter £i N.Z.) (Per £1 N.Z.) T.T. 3.96J 3.95 7-8 O.D. 3.96? 3.96 3-8 Buyins O.D. 4.01 1-8 4.00 5-8
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Taranaki Central Press, Volume IV, Issue 444, 27 May 1937, Page 7
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492FINANCIAL NEWS Taranaki Central Press, Volume IV, Issue 444, 27 May 1937, Page 7
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