FOREIGN EXCHANGE

Dominion, Volume 29, Issue 256, 25 July 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 ; —

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, July 23. The following mean closing rates on foreign exchanges were current to-day compared with those ruling on July 22:—

JPar. 8.23 31-32 since dollar devaluation on February 1. 1934 Gold and Silver. , London, July 23. Gold.—£6/18/8} per ounce, fine. . Silver.—Cash, 19 5-Bd. per ounce; forward, 19 5-Bd. G, J. Coles Dividend G. J. Coles yesterday advised the Stock Exchange Association that the company's transfer books were closed on July 14. The ordinary dividend is payable on July 27.

The company has declared a final dividend of 5 per cent., making the distribution for the year 12} per cent., an unchanged rate. Gold Mining Returns Talisman Dubbo Gold Mines reported to the Wellington Stock Exchange that 44 tons was treated at the Golden Dawn battery for an approximate realisation of £285. Invercargill, July 24. The return at the King Solomon mine this week amounted to 390 z. 10dwt. Melbourne Produce Markets By Telegraph—Press Assn.—Copyright. Melbourne, July 24. Wheat, 4/2 a bushel. Flour, £lO/5/a ton. Bran, £5/15/-. Pollard, £6. Oat«. 2/2 to 2/3 a bushel. Barley, English. 2/9 to 2/10}. Maize, 5/-. Potatoes, £7 to £B/10/-. Onions, £l4 to £l4/5/-.

Wellington Egg Market Prices of eggs in the Wellington market yesterday were quoted by W. Burbidgc and Company ns follows: A grade, 1/5; B grade, 1/4 a dozen. Sales are good. Antwerp Wool Futures By Telegraph—Press Assn.—Copyright. Antwerp, July 23. Wool futures are steady. To-day’s quotations compare with those previously cabled as follows :— July 14. July 23. d. <l. October 27 3-8 27 3-8 December 27} 27} February .. — 27}

New Zealand Buying. Selling. on London — £N.Z. to fstg.100 T.T. 124 124/10/O.D. 123/10/124.*8/9 Australia — £A to £N.Z TOO ... T.T. 101 100/10/O.D 101 100/10/Fiji— £F. to £N.Z. 100 ... T.T. 00/7/6 89 O.D 90/7/6 89 New York — Doi. to £1 N.Z. T.T. 4.0.7 J 4.021 4.02J O.D. 4.07J Montreal — Doi. to £1 N.Z. T.T. 4.06 4.02| O.D. 4.071 4.03 Austria — Schillings to £1 N.Z. . .. T.T. 20.93 O.D. —— 20.95 Belgium— Bel. to £1 N.Z. T.T. 23.760 O.D. — 23.771 Czecdiosl'ivak'.’iCr. to £1 N.Z. T.T. 96.34. O.D. — 96.39 Denmark— Kr to £1 N.Z. T.T. 18.203 17.893 O.D. 1S.2G3 17.903 France— Fr. to £1 N.Z. T.T. 60.74 O.D. — 60.78 Germany— Mk. to £1 N.Z. T.T. — 9.946 O.D. —• 9.951 Holland — Fl. to £1 N.Z. T.T. 5.885 O.D. — 5.SS9 JavaFl. to £1 N.Z. T.T. 5.850 O.D. —— 5.854 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. lb.785. 15.490 O.D. 15.845 15 500 Switzerland— Fr. to £1 N.Z. T.T. 12.242 O.D. — 12.247 Noumea— Fr. to £1 N.Z. T.T. 59.37 O.D. —— 59.43 Papeete— Fr. to £1 N.Z. T.T. 59.52 O.D. —— 59.58 Hong-Kong— N.Z. d. to 1 dollar .. T.T. 198 O.D. 18 1-32 19 19-32 India and Ceylon— N.Z. d. to 1 rupee .. T.T. 22 9-64 22 57-04 O.D. 22 3-64 22J Japan— N.Z. d. to 1 yen .... T.T. 17 19-32 O.D. —— 17 37-64 Shanghai— N.Z. d. to J dollar ..I T.T. 17 5-32 18 17-32 O.D. 16 31-32 18 33-64 Singapore— N.Z. d. to 1 dollar ... T.T. 34 27-64 35 31-64 O.D. 34 15-64 35 15-32

U.S.A. Canada Selling—• dols. dols. (peril N.Z.) (per £1 N.Z.) T.T. . 4.02} 4.021 O.D. . 4.02J ' 4.03 Buying—• O.D. . 0.071 4.071

July 23. July 22. Par. N. York, dol. to £ 5.01 15-10 5.02 5-10 14.800 Montreal, dol. to £ 5.02} 5.02 5-8 4.SCO Paris, fr. to £ 75 59-64 75 57-04 124.21 Brussels, bel. to £ 20.745 29.75 48.611 Geneva, fr. to £ 15.35} 15.305 25.225 Amst'dam. fl. to £ 7.38} 7.38} 12.107 Berlin, inks, to £ 12.47 12.47 20.43 St'holm, knr. to £ 19.395 19.395 18.159 C’hagen, knr. to £ 22.305 22.395 18.159 Oslo. knr. to £ 19.90 19.90 18.159 Vienna, schgs. to £ 20.75 26.75 34.5,83 Prague, knr. to £ 121 121 164.25 Hel'tors. mks. to £ 227 •»7 193.23 Madrid, pes. to £ 30 21-32 30 21-32 25.225 Lisbon, esc. to £ 110.125 110.125 110 Milan, lire to £ 03.025 03.025 92.40 Athens, dracb. to £ *528 •528 375 Bucharest, lei to £ •075 •675 813.00 Belgrade, din. to £ 219 219 276.31 Rio de J., p. to mil. Mi Mi 5.S99 B. Aires, p. to peso 435 47.62 M. Video, p. to peso -i-39 139 51 Calcutta, p. to run. 18 1-8 18 1 -8 18 Shanghai, p. to dol. 14 3-8 14 3-8 II.-Kong, p. to dol. 15 3-32 1513-32 Y'hania, p. to yen 141-32 14 1-04 24.582 Batavia, fl. to £ 7.355 7345 12.107 tSellers. nfllcial •Sellers