FOREIGN EXCHANGE

Dominion, Volume 29, Issue 226, 20 June 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 exchange yesterday

T.T. represents telegraphic transfers. 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, June 18. The following mean closing' rates on foreign exchanges were current to-day compared with those ruling on June 17:—

Gold and Silver. London, June 18. Gold. —£6/18/7 per ounce, fine. Silver. —Cash, 10 5-Bd. per ounce; forward, 10 11-16 d.

Base Metals Market

By Telegraph—Press Assn.—Copyright (Received June 1(1, t> p.m.) London, June 18. The official London (middle) quotations for Thursday, as reported by the Australian Mines and Metals Association, com pare with those previously cabled as fol low: — June 17. June lb.

WINTER WOOL SALES

Series of Seven Arranged

A series of seven winter wool sales has been arranged by the New Zealand Woolbrokers’ Association as follows: —

Auckland, Friday, August 14, 3 p.m. YVellington, Tuesday, August 18, 2 p.m. Wangauui, Wednesday, August 19, 4

p.m. Napier, Friday, August 21, 2 p.nu Christchurch, Tuesday, August 2a, 2

p.m. Timaru, YVednesday, August 2(5, 4 p.m. Dunedin, Friday, August 28, 2 p.m.

Wellington Poultry Market

Prices of live poultry in the Wellington markets this week are quoted by Townsend and Paul, Ltd., as follow:— Fowls: White Leghorns: Hms, 1/9 to 2/1 each; cockerels, 2/6 to 3/6; pullet’. 3/6 to 5/6. 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: Indian Runner, young, 3/6 to 3/9 each; old, 2/6 to 4/-; white, heavy, 4/- to 5/-. Geese, 4/- to 4/6 each. Turkeys, 9d. to lOd. a lb.

New Zealand Buying. Selling. on London — £N.Z. to £sts 100 T.T. 124 124/10/O.D. 123/10/124/8/9 Australia — £A to £N.Z. 100 ... T.T. 101 100/10/O.D. 101 100/10/Fiji— £F. to £N.Z. 89 100 ... T.T. 90/7/6 O.D. 90/7/6 80 New York — 4|0G| 4.03J Doi. to £1 N.Z. T.T. O.D. 4.084 4.035 Montreal4.07& 4.041 Doi. to £1 N.Z. T.T. O.D. 4.08J 4.044 Austria — Schillings to £1 20.97 20.99 N Z ... T.T. O.D. — Belgium— Bel. to £1 N.Z. T.T. — 23.760 O.D. — 23.771 Czechoslovakia — 96.67 Cr. to £1 N.Z. T.T. «— O.D. •— 96.72 Denmark — 17.893 Kr. to £1 N.Z. T.T. O.D. 18.263 17.903 France — 61.09 Fr. to £1 N.Z. T.T. —— O.D. —- 61.13 Germany— 9.966 Mk. to £1 N.Z. T.T. —■ O.D. ' —— 9.971 Holland — 5.930 Fl. to £1 N.Z. T.T. ——• O.D. — 5.934 Java — 5.890 Fl. to £1 N.Z. T.T. O.D. — 5.894 Norway— 15.893 Kr. to £1 N.Z. T.T. 16.183 O.D. 16.243 15.903 Sweden — Kr. to £1 N.Z. T.T. 15.785 15.490 O.D. 15.845 15.500 Switzerland— 12.395 Fr. to £1 N.Z. T.T. —- O.D. —— 12.400 Noumea — Fr. to £1 N.Z. T.T. 59.72 O.D. »' ■« 59.78 Papeete— 59.87 Fr. .to £1 N.Z. T.T. —— O.D. 59.93 Hong-Kong— N.Z. d. to 1 19 15-16 dollar ... T.T18 7-16 O.D. 18 11-32 19 29-32 India and Ceylon— N.Z. d. to 1 rupee .. T.T. 22 9-64 22 57-64 O.D. 22 3-64 22J Japan— N.Z. <1. to 1 yen .... T.T. —— 17 21-32 O.D. 17 41-64 Shanghai— N.Z. d. to 1 dollar ... T.T. 17 7-64 18 31-64 O.D. 16 59-64 18 15-32 Singapore— N.Z. xl. to 1 dollar ... T.T. 34 7-16 354 O.D. 34J 35 31-64

U.S.A. Canada Selling— dels. dols. (perHN.Z.) (perflN.Z.) T.T. . 4.03t 4.04J O.D. . 4.03J 4.041 Buying—• O.D. i. 4.081 .4,091

N. York, <lol. to £ June 18. June 17. Par. 5.03 5.02 5-8 74.800 Montreal, dol. to £ 5.04 5.03a 4.860 Paris, fr. to -> £ 70 25-04 70 23-04 124.21 Brussels, bel. to 29.74 29.745 48.01'1 Geneva, fr. to £ 15.545 15.55 25.225 Amst’dam. 11. to £ 7.44 7.40 12.107 Berlin, inks, to £ 12.50 12.19 20.43 St'bolin, knr. to £ 19.395 19.395 18.159 C’hagen, knr. to £ 22.395 22.395 18.159 Oslo, knr. to £ 19.90 19.90 18.159 Vienna, schgs. to £ 26.75 20.75 34.585 Prague, knr. to £ 121.50 121.625 164.25 Hel’fors. mks. to £ 227 227 193.23 Madrid, pes. to £ 36.875 30 53-04 25.225 Lisbon, esc. to £ 110.125 110.125 110 Milan, lire to £ 64 64 92.40 Athens, dracli. to £ *530 *530 375 Belgrade, din. to £ 222 222 270.31 Bucharest, lei to £ *079 •680 813.60 Kio de J., p. to mil t4i Nt 5.899 B Aires, p. to peso 135 135 4 7.62 M. Video, p. to peso 138} 738} 51 Calcutta, p. to rup 18 1-8 18 1-8 18 Shanghai, p. to dol. 14 13-32 14 13-32 — ■ H.-Kong. p. to dol. 15 7-10 15 7-16 — Y’hama. p. to .ven 14 5-64 14 5-64 24.582 Batavia, fl. to £ 7.405 7.415 12.107 Warsaw, zloty to £ 20.75 — 43.38 tSellers. official •Sellers. tPar, 8.23 31-32 since dollar devaluation on February 1, 1934.

Per ton. Per ton Copper— £ s. d. £ b. d Standard, spot .. 3d 5 71 30 5 H 3d 11 10 j Ditto, forward ... 3d 11 3 Electrolytic .... ,40 5 0 40 2 fi to 40 12 0 40 12 B Wire bars 40 12 0 40 12 6 Lead— Spot • ••• 15 1 3 15 1 3 Forward 15 2 0 15 3 9 spelter— Spot 13 S 9 13 6 3 Forward 13 13 It 13 11 3 Tin— 180 12 6 178 7 0 Forward 178 17 <1 177 2 0 Silver— Standard, per oz. . 19? d. I95-8d. Fine 21 5-lGd. 21 3-lGd.