FINANCIAL NEWS
BASE METAL MARKET LITTLE CHANGE IN PRICES London, .June 21. The official London (middle) quota tions for Monday, as reported by the Australian Mines and Metals Association, compare with those previously cabled as follows:
Silver— Standard, per oz. 19 15-16 d 19 13-164 Fine 21 >.d 21 3-8 d t American, 55.37 cents, a lb. 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/'7/-
The Associated Bi.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. 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. Bas*<! on figures quoted by the Bank of New South Wales, the New Zealand pound, compared with its original par value, is equivalent 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. 9/7.1 in Germany. £l/8/1? in Japan. 11/91. in Java.
June 18 Per ton. June 21 Per ton. Copper— 'Standard, spot 53 13 9 52 11 3 Ditto, forward 53 3 9 52 8 3 Electrolytic .. 60 0 0 59 10 0 to 62 0 '0 61 10 0 Wire bars . . . . 62 0 0 61 10 0 Lead— Spot 21 8 9 21 12 6 Forward .... 21 6 3 21 8 9 Spelter— Spot 20 0 0 20 8 9 Forward .... 20 0 0 20 8 9 Tin— tSpot 246 2 6 215 10 0 Forward . .t. 245 12 6 214 12 6
Fiji T.T. — — £F to £10C 1 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 Schgs. to £ O.D. — 20.70 Belgium .... T.T. — 23.3+5 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 £. o.n. — 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 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. 173 184 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. — 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, 23 June 1937, Page 7
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511FINANCIAL NEWS Taranaki Central Press, Volume IV, Issue 454, 23 June 1937, Page 7
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