FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 460, 18 June 1937, Page 7

FINANCIAL NEWS

BASE METAL MARKET LITTLE CHANGE IN PRICES London, June 15. The official London (rghidle) quota tions for Monday, as reported by the Australian Mines and Metals As sociation, compare with those previously cabled as follows: June 14 June 15. Per ton. Per ton

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/IP,'£N.Z. to £ stg. 100 . O.D. 123/10/- 124/8/9 Australia .. T.T. £Ato£loo O.D. 101 100/'Z/Fiji T.T. £F to £lOO 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. Seligs, to £ O.D. 20.70 Belgium .... T.T. 23.31'5 Crs to £ . . O.D. 23.39 1 Czechoslovak T.T. • 122.71 Crs to £ .. O.D. 112.76 Crs to £ .. O.D. 113.01 Denmark .... T.T. 18.20.3 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. 7.344 7.15.3 Els. to £ .. O.D. 7.404 7.157 Italy T.T. 75.07 i Lire to £ .. O.D. 75.12 i Java T.T. 7.321 7.1611 Els. to £ . . O.D. 7-381 7.13.3 i Switzerland . . T.T. 17.476 17.230 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. 178 181 Dd. to 1 dol. O.D. 17 23-32 18 15-61 Hong Kong . T.T. 18 7-64 18 39-C4 d. to 1 dol. O.D. 18 5-64 IS 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 The Associated Banks (other than the Bank of New South Wales) quoted the following dollar rates on Saturday I 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 ejuivalent to approximately:— 16/1 in London £l/0/1 in Austvalia. 16/3 in U.S. 16/3 in Canada. 14/33l in France. 16/3 in Italy. 9/7J in Germany. £l/8/13 in Japan. 11/9J in Java.

Copper— Standard, spot 54 9 4 51 10 0 Ditto, forward 54 4 4 51 10 0 Electrolytic . .. 61 0 0 61 0 0 to 62 0 0 62 0 0 Wire bars . . . . 62 0 0 62 0 0 Lead— 22 9 g 22 5 Forward .... 22 6 3 22 3 9 Spelter—■ Spot 20 17 6 20 17 6 Forward . 21 1 3 2 1 3 Tin— Snot 216 7 6 243 2 6 Forward .... 246 15 0 242 12 6 Silver— Standard, per oz 20c 1 20d Fine 21 9-16d 219-16:;