FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 383, 15 March 1937, Page 7

FINANCIAL NEWS

BASE METALS MARKET Prices Slightly Lower. London. March 12. The official London (middle) quotations for Friday, as reported by the Australian Mines and Metals Association, compare with those previously cabled as follows: Mar. 11. Mar. 12. Copper—-

Spot 301 10 0 290 10 0 Sandard.per oz. 20Jd. 20 11-l Gd. Silver— Standard, per oz. 20 7-l Gd. 20id. Fine 22 l-Bd| 22 5-16<L FOREIGN EXCHANGES On New Zealand Currency Basis.

The Bank of New South Wales, Wellington, quoted the following rates tor their purchases and sales ot foreign exchanges: New Zealand Buying. Selling. on L-ondon ... T.T. 124 124/10/£N.Z. to £ stg. 100 . O.D. 123/10/-124/8/9

The Associated Banks (other than the Bank ot New South Wales) quoted the following dollar rates on Saturday on a New Zealand currency basis. They are subject to alteration without notice. U.S.A. Doi. Canadian Doi Selling (Per £1 N.Z.) (Per £1 N.Z.) T.T. 3.914 3-911 O.D. 3.92 3.91 7-8 Buying O.D. 3.96 3-8 3.96

N.Z. Pound Abroad. Based on figures quoted by ths Bank of New South Wales, the New Zealand pound, compared with its original par value, is ejuivalent to approximately:— 16/1 in London £l/0/1 in Australia. 16/1 in U.S.A. 16/1 in Canada. 13/9 in France. 16/OJ in Italy. 9/5® in Germany. 11/84 in Java. £l/8/lJ in Japan.

Pei r ton. Per ton. Standard, spot 78 2 6 76 10 0 Ditto, forward 74 17 6 72 8 9 Electrolytic 80 0 0 77 10 0 to 80 0 0 80 10 0 Wire bars .. 80 10 0 79 10 0 Lead — Spot .36 7 6 36 0 0 Forward .... 36 5 0 35 18 9 Spelter— Spot 37 0 0 34 11 3 Forward .... 37 r> o 34 17 6 Tin—

Australia .. T.T. — — to £100 O.D. 101 100/10/Fiii T.T. — — £F to £100 O.D. 90/7/6 89 New York .. T.T. 3.95 3.911 Doi. to £ . O.D. 3.961 3.92 Montreal .. . T.T. 3.94 7-8 3.91 3-8 Doi. to £. O.D. 3.96 1-8 3.91 7-8 Austria ...... T.T. - 20.53 Sehgs. to £ O.D. — 20.55 Belgium .... T.T. — 23.150 Bel. to £. O.D. — 23.161 Czechoslovak. T.T. — 111.40 Crs. to £ . O.D. — 111.45 Denmark ... T.T. 18.203 17,893 Kr. to £.. O.D. 18.263 17.903 France T.T. — 85.31 Frs. to £ .. O.D. — 85.35 Germany T.T. — 9.681 R.M. to £. O.D. — 9.686 Holland .. .. T.T. 7.285 7.135 FIs. to £.. O.D. 7.345 7.139 Italy T.T. — 74.31 Lire to £ . O.D. — 74.36 Java T.T. 7.249 7.089 Fss. to £ . O.D. 7.309 7.093 Switzerland . T.T. 17.403 17.133 Frs. to £. O.D. 17.508 17.138 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 Shanghai .... T.T. 17 29-32 IS 13-32 d. to 1 dol. O.D. 17 7-8 18 25-64 Hong Kong . . T.T. 18 19-64 18 51-64 <1. to 1 dol. O.D. 18 17-64 18 25-32 India and Ceylon T.T. 22 13-32 22 11-16 d. to rupee. D.D. 22 3-8 22 43-64 Japan T.T. — 17 31-64 d. to 1 yen O.D. — 17 15-32 Singapore T.T. 34 23-32 35 13-64 d. to 1 dol. O.D. 34 5-8 35 3-16