FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 457, 15 June 1937, Page 8

FINANCIAL NEWS

BASE METAL MARKET LITTLE CHANGE IN PRICES London, June 11. 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: New Zealand Buying. Selling. on London ... T.T. 124 124/10/£N.Z. to £ stg. 100 . O.D. 123/10/-124/8/9 Australia .. T.T. £A to £lOO O.D. 101 100/'S/Fiji ...... T.T. £F to £lOO O.n. 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. 23.394 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 £. Q.D. 88.74 Germany .. T.T. 9.805 R.M. to £. O.D. 9.810 Holland .... T.T. 7.344 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. 172 181 Dd. to 1 dol. O.D. 17 23-32 18 15-64 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. 1715-32 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 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. Dol. Canadian Dol 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 of New South Wales, the New Zealand pound, compared with its original par value, is equivalent to an proximately: 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/l| in Japan. 11/9J m Java.

June 10 Per ton. June 11 Per ton. Copper— Standard, spot 55 0 0 58 18 9 Ditto, forward 54 18 li 54 16 3 Electrolytic ...61 0 0 61 0 0 to 62 0 0 62 0 0 Wire bars . ... «2 0 0 62 0 0 Lead— Spot ...22 2 6 22 5 0 Forward .. . ... 22 2 6 22 6 3 Spelter— Spot ... 20 17 6 20 17 6 Forward . 21 1 3 2 13 Tin— Spot ..248 2 6 248 7 6 Forward . . .. 247 2 6 247 7 6 Silver— Standard, per oz 20d 20d Fine .... 21 9-16d 219-16d