FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 385, 17 March 1937, Page 7

FINANCIAL NEWS

BASE METALS MARKET

Sensational Rise in Tin. London, March 16. The official London (middle) quotations for -Monday, as reported by the Australian Mines and Metals Association, compare with those previously cabled as follows: Mar. 12. Mar. 15.

FOREIGN EXCHANGES On New Zealand Currency Basis. The Bank of New South Wales, Wellington, .quoted the following rates for 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 Australia .. T.T. £ A to £lOO O.D. 101 100/10/Flji T.T. £F to £lOO O.D. 90/7/6 89 New York . . T.T. 3.951 3.91 5-8 Doi. to £. O.D. 3.964 3.92 1-3 Montreal .. TT. 3.94 15-16 3.91 7-16 Doi. to £ . O.D. 3.96 13-16 3.91 15-16

The Associated Banks (other than the Bank of 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. Dql. Canadian Doi Selling (Per £1 N.Z.) (Per £1 N.Z.) T.T. 3.915-8 3.913-8 O.D. 3.92 1-8 3.91 7-8 Buying O.D. ’ 3.964 3.96

N.Z. Pound Abroad. Based on figures quoted by ths Bank of New South Wales, the New Zealand pound, compared with its oilginal 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. 13/8} in France. 16/1 in Italy. 9/5} In Germany. 11/84 in Java. £l7B/1J in Japan.

— Copper— Pe ton. Per ton. Standard, spot 76 10 0 77 2 6 Ditto, forward 72 8 9 71 8 9 Electrolytic . 77 10 0 79 0 0 to 79 10 0 81 0 0 Wire bars .. 79 10 0 81 0 0 Lead —■ Spot 36 0 0 34 12 6 Forward .... 35 18 9 34 10 0 Spelter— Spot 34 11 •> 35 10 0 Forward .... 34 17 6 35 12 G Tin— Spot 290 10 0 311 5 0 Forward .... 283 0 0 303 17 6 Silver — Standiard.per oz. 20 11 -16d 30Sd Fine 22 5 IGd. 22 5-8d.

Austria T.T. — 20.48 Schgs. to £ O.D. — 20.50 Belgium .... T.T. — 23.162 Bel. to £. O.D. — 23.173 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. — 85.26 Frs. to £ .. O.D. — 85.30 Germany .... T.T. — 9.682 R.M. to £. O.D. — 9.687' Holland .... T.T." 7.286 7.136 FIs. to £ . . O.D. 7.346 7.140 Italy TT. — 74.34 Lire to £ .. O.D. — 74.39 Java T.T. 7.240 7.089 Fss. to £ . O.D. 7.309 7.093 Switzerland . T.T. 17.414 17.144’ Frs. to £ .. O.D. 17.519 17.149 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 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