FINANCIAL NEWS

Taranaki Central Press, Volume V, Issue 457, 26 June 1937, Page 7

FINANCIAL NEWS

BASE METAL MARKET PRICES AGAIN FIRMER. London, June 23. The official London (rplhdle) quota tions for Wednesday, as reported by the Australian Mines and Metals As sociation, compare with those previously cabled as follows: June 22 June 23 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 foi-ign exchanges: New Zealand Buying. Seiling, on London ... T.T. 124 124/10/£N.Z. to £ Btg. 100 . O.D. 123/10/-124/8/9 Australia .. T.T. it A to £lOO O.D. 101 100/*'/Fiji T.T. .

The Associated Bt.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 l5-16 Buying O.D. 4.00 1-8 4.00 3-16

N.Z. Pound Abroad. Bas-M 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. 14/35 in France. 16/3 in Italy. 9/7i in Germany. £l/8/li in Japan. 11/91 In Java.

Copper— Standard, spot 53 1 3 55 6 3 Ditto, forward 52 15 0 54 13 9 Electrolytic . 5! ) 10 0 61 0 0 to > 61 10 0 63 0 0 Wire bars .... 61 10 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 6 245 10 0 Forward .... 245 12 6 214 12 6 Silver— Standard, per oz. 19 11 5-16d 19 13-16(1 Fine . 21Jd 21 3-8d t American, 55.37 cents, a lb.

£F to £100 O.D. 90/7/6 89 New York .. T.T. 3.98.90 3.95.22 Doi. to £. OD. 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. — 23.39 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 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 17.289 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. 173 181 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. 32 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 <1. to 1 dol. O.D. 34 5-8 35 3-16