MONEY MARKET.
AMERICA’S RATES UP.
FOUR DOLLARS TO STERLING,
HIGHEST FUR TWELVE MONTHS.
By Telegraph.—P#es» Assn.—Copyright. Received May 13, 8 p.m. New York, May 12. The demand for sterling bills on London has reached four dollars, the highest for twelve months. The money market is further stimulated by the German acceptance of the ultimatum. French and Belgian francs made a gain over night of twenty points, the highest since the Armistice. Guilders, marks, and Scandinavian exchange rates are also up.—Aus.-NJZ. Cable Assn.
THE LATEST RATES.
IMPROVEMENT ALL ROUND.
London, May 12. Following are the latest exchange rates (the second figure is the rate reported three days ago, and the third figure is par): —
Paris (ft.) 47.63 48.73 25.255 Stockholm (kr.) .. 16.86 16.99 18.159 CtristlanJa (kr.).. 24 24.47 18.159 Calcutta Is 3%d Is 3%d 2s Yokohama 2s 5d 2s 5%d 2s 0%d Hongkong 2s 6d 2s 6%d 2s New York (dot).. 3.99% 3.95% 4.866 Montreal (dol.) .. 4.44 4.42 4.866 Berlin (marks) .. 242% 270 20.43 —Aus.-N.Z. Cable Assn.
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Taranaki Daily News, 14 May 1921, Page 5
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166MONEY MARKET. Taranaki Daily News, 14 May 1921, Page 5
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