FOREIGN EXCHANGE

Dominion, Volume 29, Issue 134, 2 March 1936, Page 12

FOREIGN EXCHANGE

On New Zealand Currency Basis DIRECT DOLLAR RATES The Bauk of New South Wales, Wellington, quoted the following rates for their purchases aud sales of foreign exchange on Saturday :—

T.T represents telegraphic transfeis. O.D. represents on, 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: Tates on Saturday on a New Zealand eiirrehcy basis. They are subject to alteratjo'&. without notice.

Position of Sterling ; By -Telegraph.—Press ‘Assn.—Copyright London, February 28. The following mean closing rates on foreign exchanges were current to-day compared with those ruling on February 2j ;

Gold and Silver, London, February 28. Gold.—£7/1/1 per ounce, fine. Silver.—Cash, 19Jd. per ounce; forward, 19 5-Sd. London. February 29. Gold.— £7/1/2 per. ounce, fine. Sterling exchange, London on Now York. 4.90 3-16 dollars, on Paris 74 11-16 franc; on Batavia 7.225 florins. Gold Mining Returns Talisman Dubbo Gold Mines, Ltd., reports that 61 ton® 4cwt. was treated at the Golden Dawn battery fol- an approximate realisation of £5lB. The Worksop Extended Gold Dredging Co., Ltd., give the following official return for the week ending February 27 : —Yield, 3()oz.; hours dredged, 135; yards dredged, 9800. By Telegraph—Press Association. Dunedin, February 29. The Gillespie's Beach return was 31oz. sdwt. for 127 hours. z Greymoutli, March 1. The Argo Dredging Company's return for the past week was 48oz. for 129 hours from 11.600 yards. Tlie Maori Guily return totalled 390 z. 2dwt. for 133 hours. Base Metals Market By Telegraph—Press Assn.—Copyright. (Received Jlarch 1, 6.30 p.m.) . Lonxlon, February 28.

Tim ofilcial London (middle) quotations for Friday, as' reported by the Australian Mines and Metals Association, compare witli those previously cabled as follow:—

Prices of Other Metals. To-day’s quotations, for other metals, with those of February 21 in parentheses, are a« follow’ Pig-iron: Homo trade, £3/10/- a ton (sannl: export. £3/10/- a ton (same). Antomany: British, £72/10/- a ton (same); foreign. £49/10/- a ton (same). Molybdenite: 35/6 •* a- unit (34/6). Wolfram: 35//3 a’unit-, (35/-). Osmiridium: £9to?£lo an ounce (same).

New Zealand Buying. Selling. on London— £N.Z. to 124/10/fstg.lOO T.T. 124 O.D. 123/10/124/8/9 Australia — £A. to £N.Z. 100 .... T.T. 101 100/10/O.D. 101 100/10/I- iji £F. to £N.Z. 100 .... T.T. 90/7/6 89 O.D. 90/7/6 89 New York—r- \ 4.00] ' Doi. to £1 N.Z. T.T. 4.03J O.D. 4.05 4.00j Montreal — Doi, to £1 N.Z. T.T. 4.0.3} O.D. 4.04] 3.99J 4.00] Austria— • Schillings to £1 N.Z. .... T.T. — 2O.6S O.D. — 20.70 Belgium— Bel. to £1 N.Z. T.T. — 23.381 O.'D; — 23.392 Czechoslovakia — CT. to £1'N.Z. T\T. — 94.65 O;D. — 94.70 Denmark — Kr. to £1 N.Z. T.T. 1S.203 17.893 O.D. 18.263 17.903 /rance— Fr. to £1 N.Z. T.T. 60.54 59.71 O.D. 60.99 59.75 Germany— Mk. to £1 N.Z. T.T. — 9.798 O.D. — 9.794 Holland— . Fl. to £1 N.Z. T.T. 5.935 5.785 O.D. 5.995 5.789 JavaFl. to £1 N.Z. T.T. 5.905 5.745 O.D. 5.965 5.749 Norway— Kr. to £1 N.Z. T.T. 16.183 15.S93 O.D. 16.243 15.903 Sweden— ' i. Kr. to £1 N.Z.'T.T. 15.783 15.488 O.t). 15.843 15.498 Switzerland— Fr. to £1 'N.Z. T.T. 12.305 12.035 O.D. 12.410 12.040 Noumea— Fr. to £1 N.Z. T.T. 62.34 58.34 f . O.D. 62.79 58.40 Papeete— Fr. to £1 N.Z. T.T. 62.34 58.49 O.D. 62.79 58.55 . Hong-Kong— N.Z. d. to 1 dol.. T.T. 18 31-32 20 23-32 . .O.D. 18 J . 20 11-16 India and Ceylon— N.Z. d. to 1 rup. T.T. 22 9-64 22 57-64 O.D. 22 3-64 22 J Japan— ■ N.Z. d; to 1 yen T.T. — 17 15-32 OiD. — 17 29-64 Shanghai— 1 N.Z. d. to 1 dol. T.T. 17 27-64 IS 51-64 O.D. 17 15'64 18 23-32 Singapore—. . 1. N.Z. dr to 1 dol. T.T. -34 25-64 35 29-64 O.D; 34 13-64 ■35 7-16

fpwj&N.Z.) i Canada [peril N.Z.) 'Selling— rwS'jWs. dols. T.T. . ....: 4.00 j 3.99J O.D. . 4.001 4.001 Buying— O.D. . 4.05 4.041

Feb. 28. Feb. 27. Par. N. York, dol. to £ 4.99 3-16 4.99 3-16 44.800 Montreal, dol. to £ 4.981 4.9SJ 4.866 Paris, fr. to £ -74 43-04 74 45-64 124.21 Brussels, bel. to £ 29.275 29.295 48.611 Geneva, fr. to ' £’ 15.091 15.105 •4 | ■| Amst’dam; fl; to' '£. ',7.20} 7.26J 12.107 Berlin, inks, to £ 12.28 12.28 20.43 St’holm, knr. to £■' 19.395 19.395 18.151 C’hagen, knr. to £ 22.395 22.305 18.159 Oslo, knr. to £ ■ 111.905 19.903 18.159 Vienna, sehgs. to £ 20.25 26.25 34.58.5 Prague, knr. to £ ■‘.119 119 164.25 Hel’fors, inks, to £. .227 193 23 Madrid, pes. to £ 301-10 30 1-10 Lisbon, esc. to £ 110.125 110.125 110 Milan, lire to £ 02.125 62.125 92.40 Athens, drach. to £ *515 *515 375 Belgrade, din. to £ 210 210 270.31 Bucharest, lei to £ *669 *670 813.60 Warsaw, zloty to £ — — 43 38. Rio de J;, p. to mil. 44} 14} 5.899 B. Aires, p. to peso 435 435 47.02 M. Video, p,.to peso 439 5-8 439 9-16 51 Calcutta, p. to rup. 18 1-8 IS 1-8 18 Shanghai, p. to dol. 14} 14} H.-Kong, p. to dol. 15} 15} —- Y’hama, p. to yen 1315-11 13 29-32 24.582 Batavia, fl. to £ 7.235 tSellers. official. ’-Sellers. 7.235 12.107 tPar, S.23 31-32 since Hollar devaluation on. February 1, 1934.

Fob. 27Feb. 28. Per ton. Per ton. Copper—. .£■ s. d. 6. d Standard, spot ... 35 11 3 35 13 . 14 Ditto, forward 35 18 II 36 II 74 Electrolytic 40 0 0 ■ 311 15 0 ' to 40 5 0 40 5 0 Wire bars 40 5 0 40 5 0 Lead— Spot 10 .8.9 10 8 9 Forward • 1G 10 0 10 10 0 Spelter— Spot 15 17 (1 10 3 9 Forward 10 1 3 10 0 3 TinSpot 213 10 0 212 12 6 i’orward 203 10 0 203 12 0 Silver— ■> ’■ Standard, per oz. . lojd. - 193d. Fine 21 5-lOd. 21 5-10d.