FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 374, 4 March 1937, Page 6

FINANCIAL NEWS

BASE METALS MARKET Recovery in Prices. London, March 2. The official London, fraiddle) quotations for Tvesdiy. Sfs report* d by the Australian Mines and Metals Association, CTimpare with those preriously called as -follpwai— Mar. 1. Alar. 2. Copper—

Fine 2112-16(1. 21 7-Bd. FOREIGN EXCHANGES On New Zealand Cnnency Basis. The Bank of New Sonili Wales, Wellin r‘on ,cjno(ed in following rates for their purohaees i-<J sales of foreign exchanges:— New F.ialSnd Buying. Fellini . on. ” . London ... t.T. L. 4 124/10/to £

I The Associated Banks (other than 1 the Bank of New South Wales) quoted the following dollar rates on Saturday on a New Zealand currency basis. They are subject to alteration w’ithout notice. U.S.A. Doi. Canadian Doi. Selling (Per £1 N.Z.) (Per.£l N.Z.)

’ ISET * N.Z. Pound Abroad. Based on figures quoted by the BdUk of New South Wales, the New Zealand pound compared with its oil- : final par value, is equivalent to approximately:— 16/1 in London £l/0/1 in Australia. 16/1; in U.S.A. 16/1| in Canada. 13/6? in France. 16/11 in Italy. \ 1 9/5? in Germany. ! 11/8& in Java. ! £l/8/11 in Japan.

Standard, spot 66 7 6 68 -10 : 71 Ditto, forward 66 3 9 67. 19 •C Electrolytic . 70 0 o 72 10 0 . to 73 0 0 10 0 J Wire bars .. 73 0 0 74 10 0 ' Lead — Spot 31 12 6 31 13 9 Forward . w ... 31 12 6 31 ■ > 0 Spelter— Spot 29 7 6 3 0 7 6 Forward .... 29 15 0 30 15 p Tin— Spot 'A2 15 244 12 6 Forward .... 243 5 0 245 12 6 Silver — Standard, per t>z. 20 13-16d. 2 Old.

Stg. 100 , O:D. 133/10/124/3/9 1 Australia .. T.T. — — £A tc £190 O D. 101 100/ID,- j Fiji T.T. ’ — — : £F to £100 O. -. 90/7/6 89 New York .. T.T. 3.35L . 3.917-8: Doi. to £. O.D. 3 969 3.92 3-8 : Montreal .... T.T. 3.95 5-8 - 3 92 1-8 j Doi. to £ -CD. 3»6 7-8 £.92 5-8 Austria T.T. — 20.55 Schgs. to £ O.D — 20.57 1 Belgium ... . » T.T. — 23.178' Bel. to £ . O.D. — 23.189 1 Czechoslovak. T.T. — 111.64 I Crs. to £. O.D. — 111.69 Denmark ... T.T. 18.203 17,893 Kr to £.. O.D. 18.263 17.903 France ...... T.T. — 84.24 : Frs to £. O.D. — 84.28 ! Germany .... T.T. — 9.691! R.M. too £. orT — 9.696 | Holland T.T. 7.277 7.127 FIs. tc £. O.D. 7.337 7.131 1 Italy T.T. — 74.41 Lire to £ .. O.D. — 74.46 1 Java T.T. 7.241 7.081 ! FIs. to £.. O.D. 7.M 7.085 : Norway T.T 16.181 15.891 Kr. to £ . O.D 16.241 15.901 Sweden . . T.T. 15.785 15.490 Kr. to £. O.D. 15 845 15.500 Switzerland. T T. 17.400 17.130*1 Frs. to £. O.D. 17.505 17135. Shanghai .. T.T. 17 7-8 18 3-8 d. to 1 dol. O.D. 17 27-32 18 23-64 1 Hong Harg. T.T 18 19-64 18 51-64 I d. to 1 dot O.D. 18 17-64 14 25-32 ' India and Ceylon .. ' T.T. 22 13-32 22 11-16 i d. to tupee O.D. 22 3-8 22 43-64 j Japan TT. — 17 31-641 d. to 1 yen O >. — 17 15-32 ; Singapore T.T. 34 23-3? 35 31-641 d. to 1 dol. O.D. 34 5-8 ‘ 35 3-16

T.T. 3.92 3.92 O.D. 3.92J 3.92J Baying O.D. 3.96 7-8 3.96 5-8