FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 387, 19 March 1937, Page 7

FINANCIAL NEWS

' BASE METALS MARKET I ' Further Decline in Prices. I London, March 17. • The official London (middle) quota* tions for Wednesday as reported by ! the Australian Mines and Metals As- • sociation, compare with those previ- ; ously 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 Australia .. T.T. —.— £ A to £lOO O.D. 101 100/10/Flji T.T.

I 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. 3.915-8 3.911 O.D. 3.92 1-8 3.915 Buying O.D. 3.96 J 3.95 7-8

N.Z. Pound Abroad.

| Based on figures quoted by the | Bank of New South Wales, the New I Zealand pound, compared with its oilJ ginal par value, is e luivalent to ap- ‘ proximately: 16/1 in London ; £l/0/1 in Australia, i 16/11 in U.S.A. I 16/1 in Canada. [ 13/9 in France. ; 16/1 in Italy. I 9/5J in Germany. I 11/8J in Java. £l/8/1J in Japan.

Mar. 1G Mar. 17. Copper— Per ton i. Ter ton. Standard, spot 72 13 9 71 12 6 Ditto, forward 71 13 9 71 0 0 Electrolytic . 77 0 0 76 0 0 to 79 0 0 78 0 0 Wire bars .. 79 0 0 78 0 0 Lead— Spot 33 16 3 32 18 9 Forward 33 15 0 32 18 9 Spelter— Spo-t 33 15 0 33 8 j Forward .... 33 15 0 33 15 0 Tin— Spot 297 0 0 295 17 6 Forward 303 17 6 289 0 0 Silver — Standard, per oz. 20 7-Sd. 20 1 5-1 Gd. Fine . .. 22Ad. 22 !» IGd.

£F to £100 O.D. 90/7/6 89 New York .. T.T. 3.95 3-16 3.91 5-8 Doi. to £. O.D. 3.96 7-16 3.92 1-8 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. — 20.52 Schgs. to £ O.D. — 20.51 Belgium T.T. — 23.168 Bel. to £ .. O.D. — 23.179 Ozochosloak . T.T. — 111.64 Ci'B. to £. O.D. — 111.69 Denmark ... T.T. 18.203 17,893 Kr. to £.. O.D. 18.263 17.903 France T.T. — 85.36 Frs. to £ .. O.D. — 85.40 ! Germany . . . . T.T. — 9.689 R.M. to £. O.D. — 9.694 Holland T.T. 7.282 7.132 i FIs. to £.. O.D. 7.342 7.136 Italy TT. — 74.34 Lire to £.. O.D. — 74.39 I Jaa T.T. 7.245 7.085 FIs. to £.. . O.D. 7.305 7.089 Switzerland . T.T. 17.416 77.14G 1 Frs. to £ . . O.D. 17.521 17.151 1 Norway .... T.T. 16.181 15.891 ■ Kr. to £.. O.D. 16.241 15.901 I Sweden .... T.T. 15.785 15.490 I Kr. to £.. O.D. 15.845 15.500 Shanghai ... . T.T. 17.59-64 18 27-64 I (1. to 1 dot. O.D. 17 57-64 18 13-32 i Hong Kong . T.T. 18 19-64 18 51-64 | d. to 1 dol. O.D. 18 17-64 ■ India and 18 25-32 Ceylon T.T. 22 11-32 22 41-64 | d. to rupee . D.D, 22 3-8 22 43-64 • Japan . T.T. — 17 31-61 d. to 1 yen O.D. — 17 15-32 i Singapore . T.T. 34 23-32 35 13-64 1 <1. to 1 dol. O.D. 34 5-8 35 3-16