FOREIGN EXCHANGES

Dominion, Volume 32, Issue 234, 1 July 1939, Page 14

FOREIGN EXCHANGES

Position Of Sterling

By Telegraph,—Press Assn.—Copyright.

LONDON, June 29.

The following mean closing rates on foreign exchanges were current today compared with those ruling on June 28:—

On New Zealand Currency Basis

The Associated Banks (oilier tluin (lie Bank of New South Wales) quoted (lie following dollar rates yesterday on a New Zealand currency basis. They are subject to alteration witliou notice. U.S.A. Canadian dollars dollars Selling-- U’er.CN.Zi (L’erCN.Z.) T.T. 3.72 1-16 3.73 6.1). 3.72 5-1(1 3.731 Buying— O.D. 3.77 J 3.79

Bradford Tops Market Firm By Telegraph.—Press Assa.— Copyright LONDON, June 29. The Bradford tops market, is quietly firm with prices 1 (Hiding against buyers. There is increased activity. Today’s quotations compare with those previously- cabled as follows:

Par. tune 28. June 29. .V. York, dol. to £ 4.800 4.08$ 4 .OS J Montreal, dol. to £ ■1.800 4.69} 4.09} Paris, francs to £ 124.21 170 23-32 170 23-32 Brussels, bel. lo t £ 48.611 27.535 27.51 Geneva, frs. to £ 25.22o 20.765 20.775 Amst’dam, fl. to £ 12.107 8.8115-16 8.81 9-16 Berlin, inks, to £ 23.13 11.07 11.665 C’liagen,. knr. to £ 18.159 22.40 22.40 St’holu), knr. to £ 23.-13 19.42 19.-12 Oslo, kroner to £ 18.159 19.90 19.90 _ Hels’ki, inks, to £ 193.23 220.875 L-u. Ji5 Madrid, pes. to £ 25.225 — — Lisbon, esc. to £ 100 110.25 110.25 Milan, lire to £ 92 89 89 Athens, drac. to £ 375 o47.50 517.50 Bucharest, lei to £ 813.00 3150 660 Belgrade, din. to £ 276.31 210 210 llio de J'., p. to mil. 4.99 2 21-32 2 9-16 B. Aires, p. to pesa 4.7.02 20.21 20.21 M.Video, p. to jieso 51 18 18} Calcutta, p. to rup. 18 17 29-32 17 25-32 Shanghai, p. to dol. — — ■—— II. Kong, p. to dol. . — 14 13-18 14 13-10 Yo’hania, p. to yen 24.582 14 14 Batavia, fl. to £ 12.107 8.80 8.80 LONDON, June 29. Gold.—£7/8/04 ar i ounce, fine. Silver. —Spot, 1715*16(1. an ounce; forward 17s d.

The Hank of New South Wales, Wellington. quoted the following rates for their purchases and sales of foreign exchange yesterday ;— . New Zealand Buying. Selling. on London . T.T. 121/7/6 125 £N.Z. t o £Stg. 124/19/0 100 ... O.D. 123/18/9 Australia ■ T.T. 100/10/100 £A. to £N.Z. 100 ... O.D. 100/10/.100 Fiji .... T.T. 90 88/12/6 £F. to £N.Z. 88/12/0 124/17/100 ... O.D. 90 South Africa .... T.T. 123/4/3 £N.Z. t o £S.A. 100 ... O.D. 124/17/New York : T.T. 3.77-13 3.7310 Doh to £ N.Z. . O.D. 3.7793 3.7320 Montreal T.T. 3.7812 3.7413 Doi. CO £N.Z. . O.D. 3.7899 3.7123 Belgium T.T. 22.244 21.934 Bel. to £N.Z. . O.D. 22.319 21.939 Denmark T.T. 18.140 17.830 Krn. to £ N.Z. . O.D. 18.200, 17.832 Finland T.T. 184.85 179.05 Mks. to £N.Z. . O.D. 185.25 179.15 France . T.T. 1-13.00 140.50 Fra. to£N.Z. . O.D. 144.25 140.52 Germany T.T. — 9.267 Mks. to A1N.Z. . O.D. — 9.269 Greece .. T.T. — 429.20 Drac. t< 5 £N.Z. O.D. — 429.35 Holland T.T. 7.160 7.010 FIs. to £N.Z. . O.D. 7.200 7.012 Italy ... T.T. — 70.97 Lire to £N.Z. . O.D. — 70.99 Java .... T.T. 7.138 6.988 FIs. to £N.Z . O.D. 7.178 6.990 Norway T.T. 16.126 15.836 Krn. to £N.Z. . O.D. 16.186 15.839 Noumea T.T. 145.50 138.75 Frs. to £N.Z. . O.D. 147.00 138.79 Papeete T.T. 144.90 138.90 Frs. to £N.Z. . O.D. 146.-10 138.94 Sweden T.T. 15.751 15.456 Krn. to £N.Z. . O.D. 15.811 15.459 Switzerland T.T. 1(1.812 16.542 Fry. to £N.Z. . O.D. 16.912 16.545 Hong Kong T.T. 18 21-61 18 45-64' N.Z. d. 1 to Doi. . O.D. 18 19-64 18 45-64 India am 1 Ceylon T.T. 2213-64 22 31-64 N.Z. d. to Hup. O.D. 22 1J-04 22 31-64 Japan .. T.T. - 17 37-64 N.Z. d. 1 :o Yea . O.D. — 17 37-64 Manila T.T. 3133-64 32 7-32 N.Z. d. to Peso O.D. 31 27-61 32 7-32 Singapore T.T. 34 11-16 35 11-64 N.Z. d. i to Doi. . O.D. 34 19-32 35 11-64

June 8 June 15 June 22 June 29 Merinos— 70's ... G4’w • • • <1. <1. 20 i 254 d. 26.’. 251 d. 261 254 60's ... 24 24 J 214 2'1 i Crossbreds — 5S\q . . . 56’s ... 20 2(4 22 J 20$ 20A ,“O’s » , • . 18 10 19 19 -Id’s; . . . . *17 *174 *174 ♦174 -10's ... . ‘17 *174 *174 *174 ’’'Nominal.