FOREIGN EXCHANGES

Evening Post, Volume CXXIII, Issue 117, 19 May 1937, Page 14

FOREIGN EXCHANGES

;l "■"■■■'.. Closing diri act rates as quoted by ths Bank of NeW 'South Wales, Wellington, today for tf lying and selling foreign currencies, bj ased on New Zealand currency, were las follows:—'

DEARER THAN DANISH

NEW ZEALAND BUTTER

WHAT IS THE REASON? I ißj' Telegraph—Press Assn.—Copyright.) (Received May 10, 11.35 a.m.) LONDON, May 13. The butter market is firm. Danish, 108s per cwt; choicest salted Australian, 108s; New Zealand, 109s. Unsalted butter is quoted:—Australian, 109s per cwt; New Zealand, 110s.

i Buying. Selling. New Zealand oil s £ a. a. £ 's.. d. London— £X.Z.J to £ stg. 100 » .... T.T. 124 0 0 124,10 0 ' ' O.D. 123 10 0 124 8 9 Australia—£A 1 tb £N.Z. 100 T.TJS ami 0.0. 101 0 0 100 10 0 Fiji— £F- to 3NZ. 100. T.TJ-and O.I). 80 7 0 S3 0 0 New York—Doll irs to £ - K.Z. 1 T.T. . 3.0001 3.0022 0.1). 4.0116 3.0G72 Montreal—Dollars to £ N.Z. 1 ~ T.T. 3.9031 3.05S2 \ ■■ O.I). 4.0056 ' 3.0B32 Austria—Schlllih gs to £ N.Z. 1. ....*.... T.T. — • 20.73 ■ o.D. — ■ 20.75 Belgium—Belgaa to £ : NZ. 1 T.T.. — . 23.440 : O.D.' — 23.451 Czechoslovakia • - Crowns to £N.Z. 1. ..' T.T. — 113.06 i O.D. — 113.11 Denmark—Krond r to £ ' ■ KZ, i. ....;.... T.T. 18.203 17.893 I. . O.D. 18.263 17.003 France —Francs i to £\.Z. 1 ; ... T.T. — 88.48 ' (' O.D. — 88.52 Germany—Helena larks to £X.Z. 1 ... T.T. '— 9.807 O.D. — 0.812 Holland—Florlnsi to £ X.Z. 1 - ... T.T. 7.32G '.7.176 O.D. 7.3S6 7.1S0 Italy—Lire to |£K.Z.' 1. . . T.T. — 75.20 O.D. — 75.34 Java—Florins to| £N.Z. 1. T.T. 7.309 7.149 £ ' O.D. 7.369 7.153 Norway—KronerS to ■ £ K.Z. 1. ...J.V.. T.T. 16.183 15.893 { O.D. 16.243 , 15.903 Sweden — Kroiior to £ , K.Z. 1 ».... T.T. 15.785 15.490 ■ . , '•• , O.D. 15.845 15.500 Switzerland—Fra ncs to £ ' N.Z. 1. ....I... T.T. 17.573 17.303 O.D. 17.678 17.308 ' Noumea—Francs to £ K.Z. 1 ».... T.T. — 87.11 r O.D. — S7U7 Papeete—Francs< to £ K.Z. 1 , ... T.T. — 87.26 r o.D. — 87.32 Hong Kong—N.Z2 pence to 1. dollar ...i.i.. T.T. IS 19-64 18 51-84 •• * O.D. 18 17-64 1825-32 India and Ceylon—N.Z. • pence to 1 rufl 3e. T.T. 22% 22 21-32 O.lp. 22 11-32 22 41-64 Ja pan-N.Z ' pe,ce to 1 _ ■•, O.D. — l"il»-t,i Shanghai—N.Z. J pence to 1 dollar ....i.... T.T. 17% 18y 4 ... j O.D. 17 23-32 lb 15-64 Singapore—N.Z. pence to : 1 dollar ...i T.T. 34 23-32 35 13-64 • ] O.D. 34% 35 3-18 Chefoo—N.Z. pe nee to 1 dollar T.T. 17% 18% 7 O.D. 17 45-61 18 23-84 Manila —X-Z. a >ence to 1 peso. ....*.£.... T.T. 29 13-16 80% ; :..■■?• ■ O.D. 29 23-32 3023-84 The £1 lsV£l,in New Zealand currency. The Bites are subject to alteration without u otice. Based on 11 te figures quoted by the Bank of Next' South Wales the. New Zealand pound, compared with its original par lvalue, is equivalent to approximated'• 16s Id in London, £1 0s Id in Australia, 16s 3*d in U.S.A., 16s 3|d in Canaci a, 14s 3d in France, 16s 3Jd in Italy, $s 7Jd in Germany. 11s Qjjci in Java, andf,£l 8s l.?d in Japan. DOLLAR RATES. The Associated Banks (other than the Bank of 1 lew South Wales) quoted the following dollar rates today, on a New Zealand currency basis. They are subject; .to alteration without notice:— ';■ ji U.S.A. Canadian |' Dollars. Dollars. j • (Per (Per I £1 N.Z.) £1 N.Z.> Selling— I TT 3.965-16 3.9515-16 ' O.D. ...U.... 3.9613-16 3.96 7-16 Buying— .\ O.D «.... 4.013-16 4.00g BRUaSH WAR LOAN. (Brltikh Official Wireless.) (Recei-Ue d May 19, noon.y V . BUGBY, May. 18. The 3£ per] cent.' 1 British War Loan is quoted at |£102 Is 3d. PRltiE OF SILVER. (Brltlsi h Official Wireless.) (Recehiad May 19, noon.) i RUGBY, May 18. Price of Sil v,er.—Spot, 20 3-8d per oz; forward, } :0 7-16d. PRICES |DF BASE METALS (By Telegraph—Press Assn.—Copyright.) (Received! May 19, 11.30 a.m.) , LONDON, May .18. The officiali London (middle) quota'tions, as ref* )rted by the Australian Mines and MUtals Association, compare with thfc>se previously cabled as tollows:— « May 14. May 18. S Per ton. Per ton. Copper— i £ s. d. £ s. d. Standard, snot 61'17 6 62 17 6 Ditto, forwM'd 57 2 6 58 7 6 • Electrolytic : 63 0 0 64 0 0 1 to 65 0 0 66 0 0 Wire bars .,.. 65 .0 0 66 0 0 Lead— 1 Spot '....-■■. 22 18 9 22 12 6 Forward J.. 22 15 0 22 10 0 Spelter— • Spot ... • i ■ ■ 22 7 6 22 3 9 Forward 4 .. 22 5 0 22 10. 0 Tin— I Spot .... i,.. 249 5 0 249 15 0 Forward -... 243 0 0 245 7 6 j Silver— ! Standard, pe r oz 20 7-16d 20 3-8d Fine 22 l-16d 22d BANK AI8D OTHER SHARES. f • (By Telesrraptf—Press Assn.—Copyright. !■ (ReceivfJd May 19, noon.) V LONDON, May 18. On the StocS: Exchange today Quotations of bank shares and other corporation debea Hures and stocks compared with previous quotations as follows: — ,, ' ; 1 May 4. May 18. Banks: ' £ s. d. £ s. d. Australasia ..'.-. 939 976 E.S. & A. Bank . 4 16 3 4 17 6 Union of Aust.'i.... 8 3 9 8 7 6 N.S.W 4 •. 29 5 0 29 10 0 National of N.2S . 2 8 6 2 10 6 New Zealand . 1 12 9 2 10 6 Otuers: : British Tnba-:t:o 2 0 0 2 0 0 Goldsbrough I.tort B pref., ex *1 10 0 H 10 0 Dalgety &' Qv shares * • 8 18 9 8 16 3 P. & O. def. 1 . 1 13 0 1 12 9 N.Z. Loan a ad Merc. 4 pie. debentures I. 95 10 0 95 10 0 N.Z. Loan aiKd Merc, (ord.) f . 39 7 o 39 0 0 ■^Nominal.