FOREIGN EXCHANGE

Dominion, Volume 29, Issue 202, 23 May 1936, 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 ex-

T.T. represents telegraphic transfer.;. 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 rates yesterday on a New Zealand currency basis. They are subject to alteration without notice.

Position of Sterling By Telegraph—Press Assn.—Copyright. London. May 21. The following mean closing rates on foreign exchanges were current to-day compared with those ruling on May 20: —

IPar, 8.23 31-32 since dollar devaluation on February 1, 1934. Gold nnd Silver. London, Maj’ 19. Gold—£6/19/11} per ounce, fine. Silver—Cash, 20 l-16d. per ounce: forward, 20 1-Sd. Bradford Tops Market Steady By Telegraph—Press Assn.—Copyright, London, May 21. Tlie Bradford tops market is steady, with a small volume of business passing. Latest quotations compare with those

London Sheepskin Sales Murray Roberts and Co., Ltd., are in receipt of the following cablegram from their London agents, dated May 21; — Sheepskins, merino and line crossbred, declined sto 71 per cent. Sheepskins, New Zealand, declined 21 to 5 per cent. Wellington Poultry Market Prices of live poultry in the Wellington markets this week are quoted by Townsend and I'aul, Ltd., as follow:— Fowls: —White Leghorns: Dens, 1/9 to 2/1 each; cockerels, 2/6 to 3/6; pullets, 3/6 to 5/-. Black Orpingtons: Hens, heavy 3/6 to 4/9 each, medium 2/6 to 3/3; cockerels, heavy 4/- to 4/9. medium 2/6 to 3/3. Ducks:—lndian Bunner: Young. 3/6 to 3/9 each: old. 2/6 to 3/-. White: Heavy. 3/6 to 4/6. Geese:—4/- to 4/6 each. Turkeys:—9d. to 104. per lb. (Live Stock Sale reports wli] be found on Page 14.)

chauze vestcrday : — Selling. New Zealand Buying. on London— £N.Z. Io £stg.lOO T.T 121 121/10/O.D. 123/10/121/S/9 Ansi ralia— £A to £N.Z. 100 ... T.T. 101 100/10/O.D. 101 100/10/£F. to£N.Z. 100 ... T.T. 90/7/6 89 O.D. 90/7/6 89 Now York — Doi. rt > £1 N.Z. T.T. O.D. 4.02 4.03} 3 9SJ Montreal— Doi. to £1 N.Z. T.T. 4.03; 3.99} O.D. 4.04-j 4.00} Austria — Schillings to £1 N.Z. . . . T.T. 20.82 O.D. — 20.S4 Belgium— Bel. to £1 N.Z. T.T. 23.470 O.D. — 23.481 Czechoslovakia — Cr. to £1 N.Z. T.T. 95.22 O.D. — 95.27 Denmark— Kr. to £1 N.Z. T.T. 1S.203 17.S93 O.D. 1S.2G3 17.903 France— Fr. to £1 N.Z. T.T. 60.37 O.D. — 60.41 Germany— Mk. to £1 N.Z. T.T. 9.842 O.D. — 9.S47 Holland— Fl. to £1 N.Z. T.T. 5.S57 O.D. — 5.861 JavaFl. to £1 N.Z. T.T. 5.817 O.D. — 5.821 Norway— Kr. to £1 N.Z. T.T. 16.183 15.893 O.D. 16.243 15.903 Sweden — Kr. to £1 N.Z. T.T. 15.782 15.487 O.D. 15.842 15.497 Switzerland — Fr. to £1 N.Z. T.T. 12.252 O.D. —— 12.257 *Fr. n to°£l N.Z. T.T. 59.00 O.D. —- 59.06 Papeete— Fr. to £1 N.Z. T.T. 59.15 O.D. —— 59.21 Hong-Kong— N.Z. d. to 1 dollar .. T.T. 18 43-64 20 11-64 O.D. IS 37-64 20 9-64 India and Ceylon— N.Z. d. to 1 rupee .. T.T. 22 9-61 22 57-64 O.D. 22 3-64 22} Japan— N.Z. tl. to 1 yen .... T.T. 17 21-32 O.D. —. 17 41-64 Shanghai— N.Z. <1. to 1 dollar .. T.T. 17 5-32 18 17-32 O.D. 16 31-32 IS 33-64 Singapore— N.Z. tl. to 1 dollar ... T.T. 34 27-64 35 31-64 O.D. 34 15-64 35 15-32

T’.S.A. (peril N.Z.) Canada (perilN.Z.) Selling— <lols. dols. T.T. . 3.985 3.99} O.D. . 3.9SJ 4.005 Buying— O.D. . 4.03J 4.01 J

May 21. May 20. Par. N. York. dol. to £ 4.90 15-164.97 1-11! 14.866 Montreal, do I. to £ 4.<.185 4.98 3-8 4.866 Paris, fr. to £ 75 31-64 75 31-64 124.21 Brussels, bel. to £ 29.385 29.39 4S.611 Geneva, fr. to £ 15.375 15.38 Amst’dam. fl. to £ 7.35} 7.35 | 12.107 Berlin, inks, to ,-C 12.34 12.35 20.43 St’hohn, 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, schgs. to £ 26.50 26.50 34.585 Prague, knr. to £ Hel’fors, inks, to £ 120 119.75 161.25 227 227 193.23 Madrid, pes. to £ 36 15-32 3G7-16 °5 o c 5 Lisbon, esc. to £ 110.125 110.125 11(>” Milan, lire to £ 63.25 63.25 92.46 Athens, draeh. to £ ♦526 *526 375 Belgrade, din. to £ 219 219 276.31 Bucharest, lei to £ •673 •673 SO 3.60 Rio de J., p. to mil *4} til 5.899 R Aires, p. to peso f35 7 .>.» 4 7.62 M. Video, p. to peso f39i -;-39j 51 Calcutta. p. to rup. 18 1-8 is is IS Shanghai, p. to dol. 147-16 14 7-16 —— IT.-Kong, p. to dol. 15 5-8 1.7 23-32 —- Y’hama p. tn yen 14 1-32 If 1-32 24.592 Batavia, fl. (o £ 7.315 7.32 12.107 Warsaw, zloty tn £ 26.50 —— 43.3S tSellers. official. •Sellers.

previously cabled a: < follow :— Merinos— Apr. Apr. .".II. <1. May May 14. <1. M.av 21. ill's . Q*'. < 1 ... 1 3. > ... I (it's . •. . ■>•» 33 33 fill's . . . 3'2 3° 32 32 Crossbreds — 5S's . ... 2G 23 2(1 26 2(1 56’s ... 211 214 214 214 214 .-.Il's ... 1(11 HIS 16? 16+ 16.1 Ill's . ... 141 144 14 4 144 144 44's .. ... 134 134 134 13.1 13}