FOREIGN EXCHANGE

Dominion, Volume 29, Issue 100, 22 January 1936, Page 18

FOREIGN EXCHANGE

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

tions. 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.

Position of Sterling By Telegraph.—Press Assn.—Copyright. London, January 20. The following mean closing rates on foreign exchanges were current to-day compared with those ruling on January 18

on February 1, 1934. Gold and Silver, London, January 20. Gold—£7/0/101 per ounce, fine. tSellers, official. ’Sellers. ward, not quoted. Base Metals Market By Telegraph—Press Assn—Copyright (Received January 21, 9-10 p.m.) London, January 20. The official London (middle) quotations for Monday, as reported by the Australian Minea and Metals Association, cotn pare with those previously cabled ss

The Rubfter Outlook

The problem of controlling native production of rubber in the'Netherlands East Indies 'was still causing anxiety, according to n London market report issued in the middle of November. It was pointed out that shipments from this source for October were again considerably in excess of the premissible quota. A further increase of cents per half-kilogramme to 14 J cents wns announced in the export duty. This was the sixth increase in the duty since the end of September, but all had been ineffective in stemming native exports, and it was evident that this method of regulating such exports could only be regarded as a temporary expedient. The opinion was expressed that the immediate outlook for the grower remained unsatisfactory, as the existing commodity price was no higher than a year ago, and the average of the daily price for 193;> to the middle of last month was over Id. per pound below the average for the cor responding period last year. Moreover, restriction has been drastic this year, with the exportable maximum averaging 67* per cent., as against D2j per cent, lor

London— £N.Z. to 124/10/£stg.lOO T.T. 124 O.D. 123/10/124/8/9 Australia — £A. to £N.Z. 100/10/100 .... T.T. 101 O.D. 101 100/10/Fiji— £F. to £N.Z. 100 .... T.T. 00/7/6 S9 O.D. 90/7/6 89 New York — 3.961 Doi. to £1 N.Z. T.T. 4.00$ O.D. 4.011 3.97-i Montreal — 3.96$ Doi. to £1 N.Z. T.T. 4.001 O.D. 4.014 3.97-1 Austria — Schillings to £1 20.77 N.Z T.T. — O.D. — 20.79 Belgium— 23.373 Bel. to £1 N.Z. T.T. — O.D. — 23.384 Czechoslovakia — 94.90 Cr. to £1 N.Z. T.T. — O.D. — 94.95 Denmark — 17.893 Kr. to £1 N.Z. T.T. 18.203 O.D. 18.263 17.903 France— 59.96 Fr. to £1 N.Z. T.T. V4.79 O.D. 61.24 60.00 Germany— 9:805 Mk. to £1 N.Z. T.T. — O.D. — 9.810 Holland — 5.801 Fl. to £1 N.Z. T.T. 5.951 O.D. 6.011 5.805 Java — Fl. to £1 N.Z. T.T. 5.933 5.773 O.D. 5.993 0.14 1 Norway— 15.893 Kr. to £1 N.Z. T.T. 16.183 O.D. 16.243 15.903 Sweden— 15.490 Kr. to £1 N.Z. T.T. 15.785 O.D. 15.845 15.500 Switzerland — 12.101 Fr. to £1 N.Z. T.T. O.D. 12.476 12.106 Noumea — 58.59 Fr. to £1 N.Z. T.T. 62.59 O.D. 63.04 58.65 Papeete— 58.74 Fr. to £1 N.Z. T.T. 62.59 O.D. 63.04 58.80 Hong-Kong— 20 9-16 N.Z. d. to 1 dol. T.T. 18 13-16 O.D. 18 23-32 20 17-32 India and Ceylon— 22 29-32 N.Z. d. to 1 rup. TT. 22 5-32 O.D. 22 1-16 22 57-64 Japan—17 41-64 N.Z. d. to yen T.T. — O.D. — 17 s Shanghai— 18 41-64 N.Z. d. to 1 dol. T.T. 17 17-64 O.D. 17 5-64 18| Singapore— 35 29-64 N.Z. d. to 1 dol. T.T. 34 25-64 O.D. 34 13-64 35 7-16 T.T. represents telegraphic minsters. O.D. represents on demand transac-

U.S.A. Canada (per£l N.Z.) (perflN.Z.) Selling— > dols. dols. T.T. 3.96g 3.96| O.D. 3.97J 3.97J Buying— 4.01J O.D. ....... 4.011

Jan. 20. Jan. 18. Par. N. York, dol. to £ 4.9413-18 4.95 3-1614.866 Montreal, dol. to £ 4.95 4.95J 4.866 Paris, fr. to £ 74 63-64 74 61-64 124.21 Brussels, bel. to £ 29.26 29.315 48.611 Geneva, fr. to £ 15.185 15.19 Amst’dam, fl. to £ 7.29 7.271 12.107 Berlin, inks. to £ 12.285 12.285 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 18.159 Vienna, scligs. to £ 26.25 26.25 34.585 Prague, knr. to £ 119.375 119.375 164.25 llel'tors, mks. to £ 227 227 193.23 Madrid, pes. to £ 36 5-32 3611-64 25.225 Lisbon, esc. to £ 110.125 110.125 110 Milan, lire to £ 61.875 61.875 92.46 Athens, drach. to £ •519 •519 375 Belgrade, din. to £ 217 217 276.31 Bucharest, lei to £ •668 *667 813.60 Warsaw, zloty to £ — — 43.38 Rio de J., p. to mil. t4} 74 i 5.899 B Aires, p. to peso 135 47.62 M. Video, p. to peso f391 t39> 51 Calcutta, p. to rnp. IS 5-32 18 5-32 IS ’ Shanghai, p. to dol. 14* 14* — It.-Kong, p. to dol. 1511-16 15 11-16 — Y'hama, p. to yen 14 3-61 14 1-16 24.582 Batavia, fl. to £ 7.255 7.255 12.107 tSellers. official. •Sellers. +Par, 8.23 31-32 Ince dollar devaluation

follow Jan. 17. Per ton Jan. 20. Per ton Copper— £ s d £ s d Standard, spot ... 34 13 11 34 10 71 Ditto, forward ... 35 0 7i 34 18 Ij Electrolytic 38 10 0 3S 10 0 to 30 0 0 39 0 0 Wire bars 39 0 0 39 «l .» Lead— Spot 14 13 9 11 17 6 Forward 14 17 6 15 0 0 Spelter— Spot 14 3 9 14 6 3 Forward 14 S 9 14 11 3 Tin— Spot 211 12 0 209 15 0 Forward 203 S 9 201 12 0 Silver— Standard, per oz. . Fine 19d. 20}d. 19 3-<1 fid. 20