FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 460, 30 June 1937, Page 7

FINANCIAL NEWS

BASE METAL MARKET PRICES AGAIN FIRMER. London, June 25. • The official London (middle) quota 1 Lions for Friday, as reported by ( the Australian Mines and Metals As sociation, compare with those previously cabled as follows: June 24 June 25 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 oi ifo*«ign excha’nges: ! New Zealand buying. Seiling. I on | London ... T.T. 124 124/10/- ' r» NT rz * „

The Associated Br.nks (other man the Bank of New South Wales) quoted the following dollar rates yesterday on a New Zealand currency basis. They are subject to alteration without j notice. U.S.A. Dol. Canadian Do! I Selling (Per £’ N.Z.j (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 3-10 N.Z. Pound Abroad. Bas?d on figures quoted by the Bank ot 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. 9/71 in Germany. £l/8/13 in Japan. 11/9J in Java.

| Coppei— Standard, spot 53 1 3 55 6 3 | Ditto, forward 52 15 0 54 13 9 1 Electrolytic . 59 10 0 61 0 0 to • 61 10 0 63 0 0 | Wire bars . . . . 61 10 0 61 10 0 | Lead — 21 8 9 21 1 2 c 1 Forward .... 21 6 3 21 8 9 : Spelter— | Spot 20 0 0 20 8 9 | Forward .... 20 0 0 20 8 9 ' Tin— fSpot 246 2 6 245 10 0 | Forward .... 245 12 6 244 12 6 1 Silver — Standard, per oz. 19 15-16d 19 13-lfid | Fine . 21 Id 21 3-8d • {American, 55.37 cents, a lb.

£N.Z. to £ stg. 100 . O.D. 123/10/- 124/8/9 Australia .. T.T. — — £A to £100 O.D. 101 100/-./-Fiji 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. 4.0025 3.9597 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. — 112.91 Crs to £ .. O.T). — 112.76 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 <153 Els. to £ .. O.D. 7.404 7.157 Italy T.T. — 75.25 Lire to £ ... O.D. — 75.30 Java T.T. 7.321 7.161 FIs to £ . . O.D. 7.331 7.145 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 15.90] Sweden .... T.T. 15.785 15.490 Kr. to £.. O.D. 15.845 15.500 Shanghai .... T.T. 17S 18i Dd. to 1 dol. O.D. 17 23-32 18 15-64 Hong Kong . T.T. 18 7-64 18 39-C1 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 <1. to 1 dol. O.D. 34 5-8 35 3-16