FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 462, 2 July 1937, Page 7

FINANCIAL NEWS

BASE METAL MARKET | COPPER AND TIN EASIER London, June 30. ! The official London (middle) quota ' Lions for Wednesday, as reported by I the Australian Mines and Metals Association, compare with those previously cabled as follows: I June 29 June 30

i Per ton. Per ton i Copper— I Standard, spot 5-t 8 9 54 2 6 j Ditto, forward 54 5 0 53 15 0 I Electrolytic .. 61 0 0 61 0 0 to 63 0.0 63 0 0 [ Wire bars .. 63 0 0 63 0 0 | Lead—- | Spot 21 8 9 21 12 6 | Forward .... 21 6 3 21 8 9 ■ Spelter—j Spot 20 0 0 20 8 9 Forward .... 20 0 0 20 8 9 I Tin— I Spot 253 10 0 252 15 0 i Forward ... 253 2 6 252 10 0 Silver — Standard, per oz. 19 15-lGd 19 13-lGd Fine 21Jd 21 3-8 d tAmerican, 55.37- cents, a lb.

FOREIGN EXCHANGES On New Zealand Currency Basis. The Bank of New South Wales, Wellington, quoted the following rates tor their purchases and sales of foreign exchanges: New Zealand Buying, Selling, on tiondon ... T.T. 124 124/10/£N.Z. to £ stg. 100 . O.D. 123/10/-124/8/3 Australia .. T.T. £A to £lOO 0.8. 101 100/'S/-

The Associated Banks (other than tlid Bank of New South Wales) quoted the following dollar rates yesterday on a New Zealand currency basis. They are subject to alteration without notice. U.S.A. Dol. Canadian Dol Selling (Per £' 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 3-1" N.Z. Pound Abroad. Bas"<l on figures quoted by the Bank of New South Wales, the New Zealand pound, compared with its miginal par value, is equivalent 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 ill Italy. 9/7J in Germany. £l/8/12 in Japan. 11/9J in Java.'

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. — 20.7* Belgium .... T.T. — 23.345 Crs to £ .. O.D. — 23.39 1 Czechoslovak T.T. — 112.91 Crs to £ . O.D. — 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 7.153 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. 173 18i Dd. to 1 dol. O.D. 17 23-32 18 15-64 Hong Kong . T.T. 18 7-64 18 39-61 d. to 1 dol. O.D. 18 5-64 18 19-32 India and Ceylon .... T.T. 22 3-3 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