FOREIGN EXCHANGES

Dominion, Volume 32, Issue 259, 31 July 1939, Page 12

FOREIGN EXCHANGES

Position Of Sterling By Telegraph.—Press Assn.—Copyright. (Received July 30, 6.30 p.m.) LONDON, July 29. The following mean closing rates on foreign exchanges were current today compnred witii those ruling on July 28:—

Tbe AFfiociated Banks (other than the Bank of New ’South Wales) quoted the tollowing dollar rates on Saturday on a New Zealand currency basis. They are subject to alteration

Gold Mining Returns The New River dredge returned 28oz. for 123 hours from 9000 yards. The White's Electric return totaltea 260 z. for 101 hours from 6400 yards. Mossy Creek dredge reports that there was no wash-up last. week. The Worksop Extended dredge returned 260 z. for 127 hours front IIXK) J The Nemoua return totalled 360 z. for 121 hours from 10,400 yards. Big River Report Big River Gold Mines, Ltd., report for the week ending July 27N0. 5 level: North stope south end. the reef has shortened 12ft. to the south; north stope, lining in progress; north level, advanced Sft., total 33ft., still track formation. No. 6 level: Winze, sunk 3ft.. total 57ft.; reef broke at this point ana is making again in hanging wall. Battery: 31. tons sfaEe seat to the batter,?..

Par. July 28. July 29. N. York, dol. to £ *1.860 4.68 j 4.68 5-32 Montreal, dol. to £ 4.866 4.68i 4.68J I J aris. francs-to £ 124.21 176 23-32 Brussels, bet. to £ 48.611 27.555 176 23-32 27.555 Geneva, frs. to £ 25.225 20.78 20.75 Amst’dam, 11. to £ 12.107 8.805 8.80 Berlin, mks. to £ 23.43 11.61*5 11.665 Chasen, knr. to £ 18.159 22.40 22.40 St’bolm, knr. to £ 23.43 12.405 19.405 Oslo, kroner to £ 18.129 19.90 19.90 Hels’kl, mks. to £ 193.23 226.875 226.875 Madrid, pes. to £ 25.225 — — Lisbon, esc. to £ 100 110.25 110.25 Milan, lire to £ 92 89 1-32 89 1-32 Athens, drac. to £ 375 547.50 547.50 Bucharest, lei to £ 813.60 660 660 Belgrade, din. to £ 276.31 210 210 Rio de J., p. to mH. 4.99 2.625 2.625 B. Aires, p. to pesa 47.62 20.195 20.20 M.Video, p. to peso 51 18 J 18i 2 17 29-32 Calcutta, p. to rup. 18 17 29-3 Shanghai, p. to dol. — — — 11. Kong, p. to dol — 14.75 14.75 Yo’hatna, p. to yen 24.582 14 14 Batavia II- to £ 12.107 8.79 8.795 LONDON, July 29. Gold.—£7/8/64 an ounce, fine. Silver.—Spot, 16Jd. an ounce; forward. 163d. On New Zealand Currency Basis The Bank of New South Wales, Wellington, quoted the folpwlng rates for their purchases and sales of foreign exchange on Saturday:— New Zealand Buying. Selling. London T.T. 124/7/0 125 £N.Z. to £Stg. 129/19/6 100 O.D, 123/18/9 Australia T.T. 100/10/100 100 O.D. 100/10/100 Fiji T.T. 90 88/12/6 4F. to £N.Z. 88/12/6 100 O.D. 90 South Africa T.T. 123/4/3 124/17/£N.Z. to £S.A. 100 O.D. 124/17/New York T.T. 3.7743 3.7310 Dol. to £N.Z. . O.D. 3.7793 3.7320 Montreal T.T. 3.7724 3.7325 Dol. to £N.Z. . O.D. 3.7811 3.7335 Belgium T.T. 22.260 21.950 Bel. to £N.Z. ' O.D. 22.335 21.955 Denmark T.T. 18.140 17.830 Krn. to £N.Z. . O.D. 18.200 17.832 Finland T.T. 184.8-, 179.05 Mks. to '£N.Z. . O.D. 185.25 179.15 France T.T. 142.98 14O.4S Frs. to £N.Z. . O.D. 144.43 140.58 Germany T.T. — 9.267 Mks. to £N.Z. . O.D. — 9.269 Greece T.T. — 429.20 Drac. to £N.Z. O.D. — 429.35 7.001 FIs. to £N.Z. . O.D. 7.191 7.003 Italy T.T. — 70.95 Lire to £N.Z. . O.D. — 70.9i Jav;i T.T. 7.134 6.984 FIs. to £N.Z. . O.D. 7.174 11.986 Norway T.T. 16.129 15.839 Krn to £N.Z. . O.D. 10.1.89 15.842 Noumea T.T. 145.48 138.73 Frs. to £N.Z. . O.D. 146.98 138.77 Papeete T.T. 144.88 138.88 Frs. to £N.Z. . O.D. 146.38 138.92 Sweden T.T. 15.740 15.445 Krn. to £N.Z. . O.D. 15.800 15.448 Switzerland T.T. 16.793 16.523 Frs to £N.Z. . O.D. 16.893 16.526 184 N.Z. d .to Dol. . O.D. IS 3-32 18* 22 15-32 N.Z. d. to Hup. O.D. 22 5-32 22 15-32 Japan T.T. — 17 37-64 N.Z. d. to Yen . O.D. — 17 37-04 Manila T.T. 31.33-64 32 I -32 32 7-32 Singapore T.T. 34-51-64 35 9-32 N.Z. d. to Dol. . O.D. 34 45-64 35 9-32

dollars. dollars. Selling: T T . (per IIN.Z.) .. 3.72 1-10 (per CN.Z. 3.72 3-10 O.D*. I...... 3.725-10 3.72 7-10 Buying: O.D 3.77 7-8 3.78 3-10