FOREIGN EXCHANGES

Dominion, Volume 32, Issue 257, 28 July 1939, Page 12

FOREIGN EXCHANGES

Position Of Sterling By Telegraph.—Press Assn. —Copyright. LONDON,’ July 20. The following mean closing rates on foreign exchanges were current today compared with those ruling on July 2o:—

On New Zealand Currency Basis The Bank of New South Wales, Welllugton, quoted the following rates for their purchases and sales of foreign exchauge yesterday:—

Low Price Of Wheat In Sydney Bv Telegraplu—l J rese Assu. —eouyrlgtil. (Received July 27, 9.15 p.m.) SYDNEY, July 27. Wheitt touched the lowest level for years this week,, and at present is quoted, silo 2/1 h and bagged 2/4J a bushel. Flour. £l2/15/- a ton. Bran and pollard, £4/5/- a i°n. Potatoes, Tasmanian, £l.B/10/-; others. £l7/10/- a ton. Onions,_ Egyptian, brown, £3O a ton ; Victorian, £25. Maize, yellow, 4/- ; white, 4/2 a bushel-

Pur. July 25. July 26. N. X'ork, dol. to 4.868 4.68 3-16 4.68 5-32 Montreal, dol. to £ 4.866 4.68 9-16 . 4.683 Paris, francs to £ 124.21 176 23-32 176 23-32 Brussels, bel. Geneva, frs. Amst’dam, 11. to to £ £ £ 48.611 25.225 27.555 20.75 27.55a 20.75 to 12.107 8.755 8.75| Berlin, inks. to £ 23.43 ' 11.661 11.665 C’hagen, knr. to 18.159 22.40 22.40 St'holm, knr. to 23.43 19.415 19.405 Oslo, kroner to £ 18.120 10.90 19.90 llels’ki, inks. to £ 193.23 226.875 226.875 Madrid, pes. to £ 25.225 —— Lisbon, esc. Milan, lire to to £ £ 100 92 110.25 110 tf-lti 89 1-16 89 1-32 Athens, drac. to 375 547.00 O4T.OV Bucharest, lei to £ 813.60 660 660 Belgrade, din. to £ 276.31 210 210 Rio de J., i>. to mil. 4.99 2.625 2.625 B. Aires, p. to pesa 47.62 20.20 20.20 M.Video, p. to pe SO 51 ISi ISi Calcutta, p. to • rtip. 18 1< 29-J2 1 1 -u-o— Shanghai, p. to dol. 11. Kong, p. to dol — 14.75 14.75 Xo'hama. p. to yen 24.582 14 14 Batavia It. to £ 12.107 8.75 S.7oo LON DON, July 26. Gold.—£7/8/6 J an ounce, line. Silver.—Spot, 161 M6d. an ounce; rorward, 10l-16d.

New Zealand Buying. Selling. on T.T. 12-1/7/0 125 £N.Z. I to £Stg. 124/19/0 idd ... O.D. 123/18/9 Australia T.T. 100/10/100 to £N.Z. 100 100 .. • O.D. 100/10/Fiji T.T. 90 88/12/6 £11’. t< > £N.Z. 88/12/6 ion ... O.D. 90 South Africa T.T. 123/4/3 124/17/£N.Z. 1 to £8.A. 12-1/17/-100 ... O.D. 122/17/New York T.T. 3.7748 3.7315 Doi. to fl N.Z. . O.D. 3.7798 3.7325 Montreal T.T. 3.7747 3.7347 Doi. to £N.Z. . O.D. 3.7834 3.7357 Belgium Bel. to T.T. 22.2(10 £N.Z. ’ O.D. 22.335 21.950 21.955 Denmark Krn. to T.T. 18.1-10 fl N.Z. . O.D. 18.200 17.830 17.832 Finland T.T. 18-1.85 179.05 Mks. to fl N.Z. . O.D. 185.2a 179.15 France . T.T. 142.9S 140.48 • Frs. to Germany fl N.Z . O.D. 144.23 T.T. — 140.58 9.265 Mks. to fl N.Z. . O.D. - 9.267 G reece T.T. — 429.20 Drue, to £ N.Z. O.D. - 429.35 Holland T.T, 7.115 6.965 FIs. to Italy • • • Lire to fl N.Z. . O.D. 7.155 T.T. — £N.Z. . O.D. -- 6.907 70.97 70.99 Java ... FIs. to T.T. 7.098 £N.Z. . O.D. 7.138 6.9-18 6.950 Norway Krn. to T.T. 10.129 £N.Z. . O.D. 16.189 15.S39 15.842 Noumea Fra. to T.T. 145.18 fl N.Z. O.D. 146.98 108.73 138.77 Papeete T.T. 144.88 138.88 Fra. to £N.Z. . O.D. 146.38 138.92 Sweden T.T. 15.737 15.442 Krn. to fl N.Z. . O.D. 15.797 15.445 Switzerland T.T. 16.7.U 10.522 £N.Z. . O.D. 16.S92 16.525 Hong Kong T.T. 18J 181 N.Z. d. to Dol. . O.D. 18 3-32 18 J India am N.Z. d. 1 (Vvlon TT 22 3-1(1 to Blip. O.D. 22 5-32 22 15-32 22 15-82 Japan • N.Z. d. . . T.T. to Ten . O.D - 1737-6-1 17 37-64 Manila T.T 3133-04 32 7-32 N.Z. d. to Peso O.D 3127-04 32 7-32 Shigapore N.Z. <1. . T.T. 3131-61 to Del. . O D 3445-111 35 9-32 35 9-32 'r-he 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 U.S.A Canadian dollars dollars Selling— (Per £ N.Z.) (PerflN'Z ' T.T. 2 794 3.72 7-16 O.D. 3.72» 3.7211-16 Buying— O.D. 3.77 15-tt( 3.78 7-16