FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 451, 7 June 1937, Page 8

FINANCIAL NEWS

BASE; METAL MARKET PRICES STILL FALLING London, June 4. The official London (middle) quotations .for Friday, 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 on Saturday on a New Zealand currency basis. They are subject to alteration without notice. U.SiA. Doi. Canadian Doi Selling (Per £1 N.Z.) (Per £1 N.Z.I T.T. 3.95 5-16 3.95 7-16 O.D. 3.96 13-16 3.96 15-16 Buying O.D. 4.00 1-8 4.00 3-16 N.Z. Pound Abroad. Bas»<l on figures quoted by ths Bank of Naw 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. 16/3 in U.S. 16/3 in Canada. 14/3J in France. 16/3 in Italy. 9/7J in Germany. £l/8/12 In Japan. 11/9J in Java.

Pe June 3. r ton. June 4. Per ton. Copper— Standard, spot 58 1 10 57 12 G Ditto, forward 57 16 3 56 13 9 Electrolytic .. 63 0 0 62 0 0 Wire Bars ... . 65 0 0 64 0 0 To . 65 0 0 64 0 0 Lead — Spot 23 19 6 23 17 6 Forward . 23 15 0 23 13 9 Spelter— Spot 22 13 9 23 3 9 Forward . 22 18 9 22 7 6 Tin— Spot 253 7 6 251 2 G Forward .... 251 17 6 249 17 6 Silver — Fine 22d 21 15-lGd Standard per oz. 20 3-8d. 20 5-16d

New Zealand on Buying. j, 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. 101 100/",/Fiji T.T. — —— £F to £100 O.D. 90/7/6 89 New York .. T.T. 3.98.90 3.95.22 Doi. to £. O.D. 3.99.90 3.95.62 Montreal .. T.T. 3.98.92 3.95.44 Doi to £. O.D. 4.00.17 3.95.84 Austria* .... T.T. — 20.68 Schgs. to £ O.D. — 20.70 Belgium .... T.T. — 23.345 Crs to £ .. O.D. — 23.391 Czechoslovak T.T. — 122.71 Crs to £ . O.D. — 112.76 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. — 88.74 Germany T.T. — 9.805 R.M. to £. O.D. — 9.810 Holland .... T.T. 7.34* 7.153 Els. to £ .. O.D. 7.404 7.157 Italy . T.T. — 75.07 Lire to £ . O.D. — 75.12 Java T.T. 7.321 7.161 Els. to £ .. O.D. 7.381 7.133 Switzerland . T.T. 17.476 17.280 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. 173 183 Dd. to 1 dol. O.D. 17 23-32 18 15-64 Hong Kong . T.T. 18 7-64 18 39-64 <1. to 1 dol. O.D. 18 5-64 18 19-32 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