FINANCIAL NEWS
BASE METAL MARKET PRICES STILL FALLING London, June 9. The official London (middle) quotations for Wednesday, 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 tor 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.S.A. Doi. Canadian Doi Selling (Per £1 N.Z.) (Per £1 N.Z.) 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. Based on figures quoted by the Bank ot New South Wales, the New Zealand pound, compared; with its original par value, is eiuivalent 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. 9/71 in Germany. £l/8/1? in Japan. 11/95 In Java.
June 8 June 9 Per ton. Per ton. Copper— Standard, spot 57 12 6 57 6 3 Ditto, forward 56 16 3 56 13 9 Electrolytic .. 62 0 0 62 0 0 To . 64 0 0 64 0 0 Wire Bars ... . 64 1 0 0 64 0 0 Lead — Spot 23 7 6 22 17 6 Forward .. . . 23 6 3 22 16 3 Spelter— Spot 22 0 0 21 17 6 Forward .. .. 22 3 9 22 1 3 Tin— Spot 251 2 6 252 2 6 Forward 250 0 0 250 V 6 Silver — Fine 21 16-16d 21 l-16d Standard per oz. 20 3-16 20 1-8
New Zealand on Buying. Selling. trondon T.T. 124 124/10/£N.Z. to £ Btg. 100 . O.D. 123/10/-124/8/9 Australia .. T.T. — —* £A to £100 O.D. 101 100/-.C/-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 S.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 Seligs, to £ O.D. — 20.70 Belgium .... T.T. — 23.3 45 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 171211 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 18i Dd. to 1 dol. O.D. 17 23-32 18 15-61 Hong Kong . T.T. 18 7-64 18 39-64 d. 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
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Taranaki Central Press, Volume IV, Issue 454, 11 June 1937, Page 8
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499FINANCIAL NEWS Taranaki Central Press, Volume IV, Issue 454, 11 June 1937, Page 8
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