FOREIGN EXCHANGE

Dominion, Volume 28, Issue 95, 16 January 1935, Page 12

FOREIGN EXCHANGE

On New Zealand Currency Basis LATESi QUOTATIONS The Bank of New South Wales, Wellington. quoted the following rates for their purchases and sales of foreign exchange yesterday:—

New Zealand Pound Abroad Based on the rates quoted yesterday by the Bank of New South Wales, £1 New Zealand was worth approximately: 16/1 in London. £l/0/1 in Australia. 16/- in U.S.A. 15/10 in Canada. 9/6 ip France. 9/9J in Italy. 9/4 j in Germany. 9/4$ in Java. £l/7/11 in Japan. Position of Sterling By Telegraph.—Press Assn.—Copyright. "London, January 14. The following rates on foreign exchanges were current to-day, compared with those ruling on January 12:—

tSellers, official. ’Sellers. tPar, 8.23 31-32 since dollar devaluation ou February 1. 1934. Gold and Silver. I.ondon, January 11. Gold.—£7/1/11 per fine ounce. Silver.—Cash, 241 d. per ounce; forward, 2-1 5-Bd.

BASE METALS MARKET Copper and Tin Easier By Telegraph.—Press Assn.—Copyright. (Received January 15, 10.45 p.m.) Sydney, January 15. The olflcial London (middle) quotations for sfondav, as reported by the Australian Mines and .Metals Association, compare as under with those previously cabled: —

GRAIN AND PRODUCE Potato Market Firmer Dominion Special Service Auckland, January 15. The potato market has hardened since the last report and merchants are now asking 4/- per sugar bag. Onions are more plentiful and are still selling at 4/6 per sugar bag. Following the dry weather the demand for pollard and bran is keener. Mill prices are: Pollard, £6/10/- a ton; bran. £5/15/-. Maize is firm at 4/2 per bushel. Overseas Wheat Markets By Telegraph.—Press Assn.—Copyright. London, January 14. Wheat cargoes are slow. Parcels are in poor demand. Futures: London, February, 20/1 per quarter; April, 20/2; June. 20/11 : Liverpool. March, 4/1.11 per cental; -May, 5/1; July. 5/2s. Montreal, January 14. Chicago wheat futures:—May, 9S 1-8 cents a bushel; July, 98; September, 88|. New York, cash, 108 3-8 cents.

Prance— Buying. 1 60.23 60.53 Selling 58.93 58.9S Francs to £1 N.Z T.T. O.D. Noumea — Francs to £1 N.Z T.T. 61.IS 5S.18 O.D. 61.58 58.23 Papeete— Francs to £1 T.T. 61.IS 5S.1S 0.11. 61.58 58.23 Belgium— Belga s to £1 N.Z T.T. 17.101 16.491 O.D. 17.291 16.506 Germany— Reich marks to £1 N.Z. T.T. .— 9.594 0 D. — 9.599 Italy— Lire Io £1 N.Z T.T. — 45.29 O.D. — 4m33 Switzerland — Francs to £1 N.Z T.T. 12.359 11.959 O.D. 12.43-1 11.969 Holland— Florins to £1 N.Z T.T. 5.950 5.700 O.D. 6.000 5.704 Java — Florins to £1 N.Z T.T. 5.907 5.682 O.D. 5.957 5.6S6 Japan— N.Z. pence to 1 yen T.T. — 17 19-32 Shanghai — N.Z. pence to 1 dollar T.T. 20 19-32 21 29-32 O.D. 20 15-32 21 27-32 India and Ceylon— N.Z. pence 22 11-16 to 1 rupee T.T. 22 .11-32 O.D. 22 7-32 09 a — 8 Hong-Kong— N.Z. pence to 1 dollar T.T. 25 13-16 26J O.D. 25 11-16 26 13-16 Singapore— N.Z. pence 352 to 1 dol. T T. 34 7-16 O.D. 34 5-16 35 5-16 T.T. represents telegraphic transfers. O.D. tepresenis oi i demand transaclions. The above rates are subject to alteralion without nc >ticc.

Jan. .14. Jan. 12. Par. N. York, dol. to £ 4.895-16 4.90 7-8 J4.866 Montreal, dol. to £ 4.83 4.S9 4.SGG Paris, ir. to £ 745-32 74 9-32 124.21 Brussels, bel. to £ 20.03 20.95 35.00 ' 15.11 15.155 n- ° o, 5 Amst’dami, 11. to £ 7.275 7.251 12JO7 Milan, lire to £ 57 3-10 57 11.-33 92.46 Berlin, inks, to £ 12.20 12.22 20.43 St’holni., knr. to £ 19.395 19.395 18.1,19 C’hagen. knr. to £ 22.395 22.395 18.156 Oslo. knr. to £ 19.905 19.905 18.111 Vienna, schgs. to £ 26.625 20.025 34.5S5 Prague, knr. to £ 117.125 117 5-10 104.25 I-Iel’fors, mks. to £ 220.50 220.50 193.23 Madrid, pes. to £ 35 13-10 3527-32 25.225 Lisbon, esc. to £ 110.125 110.125 116““ Athens, drach. to £• ‘514 *514 375 Belgrade, din. to £ 210 210 276.31 Bucharest, lei to £ 487.30 +87.50 813.00 Warsaw, zloty to £ — — 43.3S Rio de J„ p. to rail. 5.S90 B. Aires, p. to peso — i 47.G2 M.Video, p. to peso i'39 7-8 t'39 7-8 51 Calcutta, p. to rup. 18 1-16 18 1-16 18 Shanghai, p. to dol. 1 J 171-16 — 11.-Kong, p. to dol. 21 21 1-16 — Y’hama, p. to yen 13 5-32 14 24.5S2 Batavia, II. to £ 7.205 7.205 12.107

.Tan. 11. Per ton .Tan. 14. Per ton. Copper— C s. d. C s. 101 Standard 28 f> .3 28 1 Standard, furward 28 13 It 28 10 Electrolytic .... 31 12 G 31 5 0 to 31 15 0 31 15 0 Wire bars 31 15 (1 31 15 0 Lead— Spot 10 G .3 10 5 0 Forward 10 12 G It) 10 0 Spelter— Spot 12 0 12 U I) Forward Tin— 12 5 0 12 5 0 fSpot . 231 2 G 230 12 G Forward 229 G 3 223 1G u SiJ ver— Standard, nor ox. . 21 7-lGd. 24Jd. Fine 2o<d. t’Anierican, 50.59 cents a 2.» 7-1 (Id lb.