FOREIGN EXCHANGE

Dominion, Volume 28, Issue 248, 17 July 1935, Page 12

FOREIGN EXCHANGE

On New Zealand Currency Basis DIRECT DOLLAR RATES The Bank of New South Wales, Wellington. quoted the following rates for their purchases and sales of foreign exchange yesterday:— New Zealand Buying. Selling, on London—

T.T. represeuta telegraphic transfers. O.D. represents ou demand transactions. . The above.rates are subject to alteration without notice. The Associated Banks (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 notice. U.S.A. Canada (perflN.Z.) (per£l N.Z.) Selling— dols. dols. T.T 3.97 S 3 98(1 O.D 3.984 3.98$ Buying— O.D. ...... 4.028 4.03|( Position of Sterling

tPar. 8.23 31-32 since dollar devaluation on February 1, 1034. Gold and Silver. London, July 15. Gold—Xl7/0/9J per ounce, tine. Silver—Cash, 30 3-16 d. Per ounce; forward, 30 3-Bd. BASE METALS MARKET Sharp Rise in Copper (Received July 16. 8.55 p.m.) London, July 15. The official London (middle) quotations for Monday, as reported by the Australian Mines and Metals Association, compare with 'hose previously cabled ns follow ' July 12. July 15. Per ton. Per ton

Worksop Return Worksop Extended Gold Dredging Co., Ltd., report the following official return for week ending July 13: —Yield, 540 z. Hours dredged l : 124. Yards dredged: 8800.

£N.Z. to 124/10/124/8/9 fstg.100 T.T. 12-1 O.D. 123/10/ Australia— £A. to £N.Z. 100 .... T.T. 101 100/10/O.D. 101 100/10/Fiji— £F. to £N.Z. 100 ...• T.T. 90/7/6 89 O.D. 90/7/6 89 New York— Dollars to £1 N.Z. ... . T.T. 4.01 & 3.97& O.D. 4.025 3.985Montreal Dollars to £3 3.981 N.Z. ... . T.T. 4.02 O.D. 4.021 3.981 Austria— Schillings to £.1 T.T. — 20.77 N.Z O.D. — 20.79 Belgium— Belgas to £1 23.284 N.Z T.T. — O.D. — 23.299 t'zecbosiovakiaCrowns to £1 N.Z T.T. — 94.97 O.D. — 95.02 Denmark— Kroner to £1 17.928 N.Z. ... . T.T 18.178 O.D.'18.218 17.938 France— Francs to £1 59.51 N.Z. .... T.T. 60.81 O.D. 61.11 59.56 Germany— Reichmarks 9.662 to £1 N.Z. T.T. — O.D. — 9.667 Holland— Florins to £1 N.Z T.T. 5.982 •). / O.D. 6.032 5.736 Italy— Lire to £1 N.Z T.T. — 47.77 O.D. — 47.81 Java— Florins to £1 N.Z T.T. 5.931 5.706 O.D. 5.981 5.710 Norway— Kroner to £1 N.Z. .... T.T. 16.172 15.922 O.D. 16.212 15.932 Sweden— Kroner to £1 N.Z. ... T.T. 15.761 15.511 O.D. 15.801 15.521 Switzerland — Francs to £1 N.Z. ... T.T. 12.375 11.975 O.D.' 12.450 11.985 Noumea— Francs to £1 58.76 N.Z T.T. 61.76 O.D. 62.16 58.81 Papeete— Francs to £1 N.Z. ... T.T. 61.76 58.76 O.D. 62.16 58.81 Hong-Kong— N.Z. pence to 1 dollar T.T. 21 3-16 321 O.D. 31 1-16 32 3-16 India and Ceylon— N.Z. pence 22 11-16 to 1 rupee T.T. 22 11-32 O.D. 22 7-32 22& Japan— N.Z, pence 17 13-16 to 1 yen T.T. — O.D. ' — —• Shanghai— N.Z. pence tx 23 15-16 1 dollar .. T.T. 22s O.D. 221 234 Singapore— N.Z. pence 35 5-32 to 1 dollar T.T. 3-1 7-32 O.D. 34 3-32 35 3-32

JDondon, July 15. The following mean closing rates on foreign exchanges were current i to-day compared with those ruling on July 13; — July 15. . July 13. Par. N. York, dol, to 4.9G 3-16 4.955 44.866 Montreal, dot. to 4.97 4.965 4.866 Paris, £r. to £ 7155-64 74 59-6-1 124.21 Brussels, bel. to 29.365 29.29 48.611 Geneva, fr. to £ 15.13 15.135 Amst'dam, fl. to 7.27} 7.27 12.107 Milan, lire to £ 60 9-32 60.25 92.46 Berlin, inks, to £ 12.29 12.28 20.43 St’holm, knr. to £ 19.395 19.395 18.159 C’hagen, knr. to £ 22.395 22.395 18.159 Oslo, knr. to 19.905 19.905 1S.1,.9 Vienna, sehgs to £ 2C.25 26.25 - 34.585 Prague, knr. to £ 118.50 118.50 164.25 Hel’fors, niks. to £ 226.875 226.875 193.23 Madrid, pes. to 36.125 36 5-32 25.225 Lisbon, esc.' to £ 110.125 110.125 110 Athens, drach. to £ *515 *516 375 Belgrade, din. to £ 21 ,> 215 276.31 Bucharest, lei to 485 485 813.60 Warsaw, zloty to — — 43.38 Rio de J., p. to mil. 74} 14 i 5.899 B. Aires, p. to peso 135 735 47.62 M. Video, p. to peso |39 5-8 1'39 51 Calcutta, p. to dol. 181-8 18 1-8 IS Shanghai, p. to dol. 1813-16 191-16 — IT.-Kong, p. to dol. 25 5-16 25 7-8 — Y'hania n to yen 144 14} 24.582 Batavia, IL to £ 7.235 7.235 12.107 t Sellers, official; ’Sellers.

Copper— c s. d. £ s. d Standard, spot .. 31 3 (1 32 1 101 Ditin. forward . . 31 It 10* 32 10 7A Electrolytic .. .. 34 0 0 10 0 to 35 0 0 . >i. (1 0 Wire bars .. 35 I) 0 30 0 0 Lead— Spot. .. JI 1 3 14 •» G Forward .... .. 14 3 9 14 'J Spelter— Spot. .. 13 111 3 13 17 G Forward .. 13 IS 9 14 0 0 Tin— tSpot .. 231 10 0 232 o 6 Forward .. 1224 12 G 22411 Silver— Standard, per oz . 31 l-8d. 30 3-l(!d. Fine .. 33 5-8d. 32 9-10d.