FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 463, 3 July 1937, Page 7

FINANCIAL NEWS

BASE METAL MARKET ! COPPER AND TIN EASIER I London, June 30. I The official London (middle) quota | lions for Wednesday, as reported by I j the Australian Mines and Metals As i ; eociation, compare with those previ- 1 ; ously cabled as follows: ! ' .. . I

June 29 June 30 I Per ton. Per ton I Copper—j Standard, spot 51 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 I Wire bars . . 63 0 0 63 0 0 i Lead — | Spot 21 8 9 21 12 6 Forward .... 21 6 3 21 8 9 ' Spelter—j Spot 20 0 0 20 8 9 i Forward .... 20 0 0 20 8 9 | Tin—- , Spot 253 10 0 252 15 0 I Forward .. . 253 2 6 252 10 0 I Silver—

Standard, per oz. 19 15-16 d 19 13-lfid Fine 2,lid 21 3-8 d tAmerican, 55.37 cents, a lb. FOREIGN EXCHANGES On New Zealand Currency Basis. I j The Rank of New South Wales, ; Wellington, quoted the following ratee k for their purchases (and sales ol i foreign exchanges: ! New* Zealand xduying. Selling. i on j London .. . T.T. 124 124/10/- ! £N.Z. to £ I stg. 100 . O.D. 123/10/- 124/8/9 Australia .. T.T. i £At.o£loo O.D. 101 100/';/i Fiji T.T. I £F to £IOO O.D. 90/7 'fi 89

I I [ The Associated Br.nks (other than ! the Bank of New South Wales) quoted the following dollar rates yesterday on a New Zealand currency basis. They are subject to alteration without I notice. U.S.A. Doi. Canadian Doi Selling (Per £’ N.Z.) (P|r £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' t N.Z. Pound Abroad. BasM on figures quoted by the Bank of New South Wales, the New Zealand pound, compared with its original par value, is equivalent to ap | proximately: I • 16/1 in London ! £l/0/1 in Australia 16/3 in U.S. 16/3 in Canada. 14/3| in France. 16/3 in Italy. 9/7.1 in Germany. £l/8/1? in Japan. 11/9£ in Java.

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 Seligs, to £ O.D. — 2Q.70 Belgium . .. . T.T. — 23.3 F5 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.n. 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. 7.344 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 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 15.901 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 39-04 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