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 As sociation, 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 ol 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.ZJ 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*»4 on figures quoted by the Bank of New South Wales, the New Zealand pound, compared with its original par value, is e juivalent 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. 9/7£ in Germany. in Japan. 11/9J in Java.
June 8 June 1 er ton Per ton. p Copper—Standard, spot 57 12 G 57 6 3 Ditto, forward 5G 1G 3 56 13 9 Electrolytic . . 62 0 0 62 0 0 To . 61 0 0 61 0 0 Wire Bars . . . . , 6t 0 0 61 0 0 Lead — Spot .. . . • • 23 7 C 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 G 252 2 6 Forward 250 0 0 250 12 6 Silver — Fine .. . . .. 21 16-lGd 21 1-16. Standard per < oz. 20 3-16 20 1-8
New Zealand Buying. Selling. OP London T.T. 124 124/10,'£N.Z. to £ stg. 100 . O.D. 123/10/124/8/9 Australia .. T.T. — — SA to £100 o.d. 101 loo/-:/-Fiji T.T. — — £E 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 3.95.81 Austria .... T.T. — 20.68 Schgs. to £ O.D. — 20.70 Belgium .... T.T. — 23.3 T5 Cfs to £ .. O.D. — 23.394 Czechoslovak T.T. ■ — 122.71 Crs to £ O.D. — 112.76 Crs to £ .. O.D. — 113.01 Denmark .... T.T. 18.263 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 RM. to £. O.D. — 9.810 Holland .... T.T. 7.34* 7.1 53 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 Ers. 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. 173 181 Dd. to 1 dol. O.D. 17 23-32 18 15-64 Hong Kong . T.T. 18 7-64 18 39-61 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 1 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. 31 5-8 35 3-16
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Taranaki Central Press, Volume IV, Issue 455, 12 June 1937, Page 7
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500FINANCIAL NEWS Taranaki Central Press, Volume IV, Issue 455, 12 June 1937, Page 7
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