FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 386, 18 March 1937, Page 7

FINANCIAL NEWS

RASE METALS MARKET General Easing in Prices London, March 16. : The‘official London (middle) quota- ; tions for Tuesday, as reported by the Australian Mines and Metals As- I sociation, compare with those prevl- 1 ously cabled as follows: Mar, 15. Mar. 16. Copper—

FOREIGN EXCHANGES r On New Zealand Currency Basis. i I The Bank of New South Wales, I Wellington, quoted the following rates I for their purchases and sales ot j foreign exchanges: ■ New Zealand Buying. Selling. ■ on i London ... T.T. 124 124/10/j £N.Z. to £ I stg. 100 . O.D. 123/10/- 124/8/9 Australia .. T.T. i £A to £lOO O.D. 101 100/10/-

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. Doi. Canadian Doi Selling (Per £1 N.Z.) (Per £1 N.Z.) T.T. 3.91 5-8 3.913-8 O.D. 3.92 1-8 3.91 7-8 Buying O.D. 3.96 J 3.96

N.Z. Pound Abroad. Based on figures quoted by tbs 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. 13/83 in France. 16/1 in Italy. 9/53 in Germany. 11/8J in Java. £l/8/1J in Japan.

Per ton Per ton. Standard, spot 77 2 6 72 13 9 Ditto, forward 74 8 9 71 13 9 Electrolytic . 7.9 0 0 77 0 0 to 81 0 0 79 0 0 Wire bars .. 81 0 0 79 0 0 Lead— Spot 34 12 6 33 16 3 Forward .... 34 10 0 33 15 0 Spelter— Spot 35 10 0 33 15 0 Forward .... 35 12 6 33 15 0 Tin— Spot 311 5 0 297 0 0 Forward .... 283 0 0 303 17 fi Silver— Standard,per oz. 5 J05d. 20 7-8d. Fine 22 3-8d. 22 Id.

Fiji T.T. — — £F to £100 O.D. 90/7/6 89 New York .. T.T. 3.951 3.91 5-8 Doi. to £. O.D. 3.96J 3.92 1-3 Montreal . . TT. 3.94 15-16 3.91 7-16 Doi. to £ . O.D. 3.96 13-16 3.9115-16 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 Fra. 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. 7.249 7.089 Fss. to £. O.D. 7.309 7.093 Switzerland . T.T. 17.414 17.1441 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 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 India and O.D. 18 17-64 18 25-32 Ceylon T.T. 22 13-32 22 11-16 d. to rupee D.D, 22 3-8 22 43-64 Japan T.T. — 17 31-6 4 d. to 1 yen O.D. — 17 15-32 Singapore T.T. 34 23-32 35 13-64 | il. to 1 dol. O.D. 34 5-8 35 3-1G