FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 384, 16 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:

FOREIGN EXCHANGES

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

i The Associated Banks (other than I the Bank of New South Wales) quoted I the following dollar rates on Saturday ! on a Now Zealand currency basis. I They are subject to alteration without i notice.

U.S.A. Doi. Canadian Doi Selling (Per £1 N.Z.) (Per £1 N.Z.) T.T. 3.91 5-8 3.91 J O.D. 3.92 1-8 3.92 Buying O.D. 3.90 5-8 ‘ 3.961-8 N.Z. Pound Abroad. Based on figures quoted by the Bank of New South Wales, the New Zealand pound, compared with its original 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. 17/83 in France. 16/03 in Italy. 16/1 in Germany.. 11/8J in Java. £l/8/lA in Japan.

Few Words Suffice. —Shakespeare. , Although vohunes could be written on the marvellous relief given to thousands by Baxter's Lung Preserver, it is sufficient to say that “Baxter’s” has been first in favour for 70 years. There is nothing like “Baxter’s” for coughs, colds, sore throats and all bronchial troubles in adults and children. Unique for its pleasant flavour and soothing effect, as well as for its tonic properties. Be sure you get “Baxter’s.” Sold by all chemists and stores. 4/6, 2/6 and 1/6.

Mar. 11. Mar . 12. Copper— Per 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 SO 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 5 0 34 17 « Tin— Spot 301 10 0 290 10 0 Sandard.per oz. 20Jd. 20 11-16(1 Silver — Standard, per oz. 20 7-16d 20Jd. Fine 22 l-8d| 5-16d.

Australia -. T.T. — —• £A to £100 O.D. 101 100/10/Fiji T.T. — — £F to £100 O.D. 90/7/6 89 New York . . T.T. 3.95 3.91J Doi. to £ . O.D. 3.96 3-8 3.92 Montreal . . T.T. 3.94 13-16 3.91 5-16 Del. to £ O.D. 3.96 1-16 91 13-16 Austria T.T. — 20.48 Schgs. to £ O.D. — 20.50 Belgium .... T.T. — 23.150 Bel. to £. O.D. — 23.169 Czechoslovak. T.T. — 111.56 Crs. to . £ O.D'. — 111.61 Denmark ... T.T. 18.203 17,893 Kr. to £ .. O.D. 18.263 17.903 France T.T. — 85.29 Fra. to £. O.D. — 85.33 Germany .... T.T. — 9.682 R.M. to £. O.D. — 9.687 Holland .... T.T? 7.282 7.132 FIs. to £ .. O.D. 7.342 7.136 Italy T.T. — 74.32 Lire to £ . O.D.'. — 74.37 Java T.T, 7.245 7.085 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 18 13-32 d. to 1 dol. O.D. 17 7-8 18 25-64 Hong Kong T.T. 18 19-64 18 51-64 d. 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