FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 451, 19 June 1937, Page 7

FINANCIAL NEWS

BASE METAL MARKET

LITTLE CHANGE IN PRICES Loikdon, June 15. The official London (mb»d!e) quota tions for Monday, as reported by the Australian Alines and Metals As sociation, compare with those previ ously cabled as follows:

June 1I June 15. Per ton. Per ton Cop perStandard, spot 5194 51 10 0 Ditto, forward 54 4 4 5110 0 Electrolytic ... 61 0 0 61 0 0 to 62 0 0 62 0 0 Wire bars .... 62 0 0 62 0 0 Lead— S-ot 22 2 6 22 5 0 Forward .... 22 G 3 22 3 9 Spelter— Snot 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 Silvei — Standard, per oz 20d 20d Fine 21 9-lGd 219-16 J

FOREIGIN 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 Br.nks (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 N.Z.) (Per £1 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. on figures quoted by the Bank of New South Wales, the New Zealand pound, compared with its 'original par value, is * juivalent to approximately:— 16/1 in London £l/0/1 in Australia. 16/3 in U.S. 16/3 in Canada. 14/3B in France. 16/3 in Italy. 9/7J in Germany. £l/8/1.? in Japan. 11/91 in Java.

New Zealand on Buying. Selling. . London T T. 124 124/10/£N.Z. to £ stg. 100 . O.D. 123/10/- 124/8/9 Australia ■. T.T. — — HA to £100 O.D. 101 too/-:/-R»ii 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 Seligs, to £ O.D. — 20.70 Belgium .... T.T. — 23.315 Crs to £ .. O.D. — 23.39 4 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 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. 7.344* 7.153 Els. to £ .. O.D. 7.404 7.157 Italy rp rp 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 39-04 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 41-61 Japan T.T. — 17 15-32 d. to 1 yen O.D. — 17 29-64 Singapore T.T. 34 23-32 35 13-64 <1. to 1 dol. O.D. 34 5-8 35 3-16