FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 450, 4 June 1937, Page 8

FINANCIAL NEWS

BASE METAL MARKET * FURTHER RECOVERY IN PRICES. > London, June 2. The official London (middle) quotations for Tuesday, as reported by the Australian Mines and Metals Association, compare with those previously cabled as follows:

FOREIGN EXCHANGES

On New Zealand Currency Bails.

The Bank of New South Wales, Wellington, quoted the following rates tor their purchases and sales of foreign exchanges:—

The Associated Banks (other man the Bank of New South Wale*) quoted the following dollar rates yesterday on a New Zealand currency basis. They are subject to alteration without notice.

U.S.A. Doi. Canadian Do! Selling (Per £1 N.Z.) (Per £1 N.Z.) T.T. 3.95 7-8 3.95 11-16 O.D. 3.96 3-8 3.96 3-16 Buying O.D. 4.01 11-16 4.00 3-8 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 oulvalant to ap proximately:16/1 in London £l/0/1 in Australia. 16/3 in U.S. 16/2J in Canada. 14/3} in Franea, 16/2} in Italy. 9/7 in Cjeripany. £l/8/1} in Japan. 11/9} in Java.

Pe June 1 ton. June 2. Per ton. Copper— Standard, spot 53 17 6 61 3 9 Ditto, forward 58 6 3 59 10 0 . Electrolytic .. 64 0 0 64 0 0 Wire Bars ,. 65 0 0 65 0 0 Lead — Spot 23 17 6 24 8 9 Forward .... 23 15 0 24 6 3 Spelter —• Spot 22 15 0 23 10 0 forward .... 22 IS 9 23 15 0 Tin— Spot 249 7 6 244 2 6 Forward ... 248 2 6 25« 2 6 Silver — Standard per oe. 20id 20 5-16 Fine 21 7-8 21 15-16

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 loo/-:/-Fin 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 65 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 Seligs, to £ O.D. — 20.70 Belgium .... T.T. — 23.3*5 Crs to £ .. O.D. — 23.356 Czechoslovak T.T. — 122.91 Crs to £ .. O.D. — 113.01 Denmark .... T.T. 181.203 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. — 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. te £ .. 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. 32 11-32 22 41-64 Japan T.T. — 17 15-32 d. to 1 yen O.D. -r 17 29-64 Singapore T.T. 34 23-32 35 13-64 d. to 1 dol. O.D. 34 5-8 35 3-16