FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 455, 24 June 1937, Page 7

FINANCIAL NEWS

BASE METAL MARKET I LITTLE CHANGE IN PRICES I London, June 22. | The official London (middle) quota J tions for Tuesday, as reported by the Australian Mines ,and Metals As sociation, compare with those previously cabled as follows: June 21 June 22 Per ton. Per ton

FOREIGN EXCHANGES j On New Zealand Currency | Basis. i The Bank of New South Wales. Wellington, quoted the following rates for their purchases and sales of foreign exchanges: I New Zealand Buying. Seiling. ■ | on | London ... T.T. 124 124/10,'j £N.Z. to £ : stg. 100 . on. 123/10/- 124/8/9 I Australia .. T.T. I £A to £lOO O.D. 101 100/"./-

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 wriginal par value, is eiuivalent to ap 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/8/12 in Japan. 11/9J In Java.

Copper— Standard, spot 52 11 3 53 1 ■ » Ditto, forward 52 8 9 52 15 0 Electrolytic .. 59 10 0 59 10 0 to 61 10 0 61 10 0 Wire bars .... 61 10 0 61 10 0 Lead — Spot 21 s 9 21 12 q 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 6 245 10 0 Forward .... 245 12 6 244 12 6 Silver — Standard, per oz. 9 1. -16d 19 13-lfid Fine . 21 Id 21 3-8 d t American, 55.3 7 cents, a b.

Fiji £F to £100 T.T. — O.D. 90/7/6 89 j 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 I 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.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 7.1.57 , 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. 171 181 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. India and O.D. 18 5-64 IS 19-32 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