FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 433, 14 May 1937, Page 7

FINANCIAL NEWS

BASE METAL MARKET Littie Changes In Prices London, May 7. The official London (middle) quotations for Friday, as reported by the Australian Mines and Metals As sociation, compare with those previously cabled as follows:

FOREIGN EXCHANGES On New Zealand Currency Basis. The Bank of New South Wales, Wellington, quoted the following j-ates for their purchases and sales of foreign exchanges:

The Associated Banks (other than the Bank of New South Wales) quoted the following dollar rates yesterday on a New Zealand currency basis. They are subject to alteration without notice. U.S.A. Doi. Canadian Doi Selling (Per £’ N.Z.) (Per £1 N.Z.) T.T. 3.96 3-16 3.95 3-8 O.D. 3.96 11-16 3.95 7-8 Buying O.D. 4.01 1-16 4.00 1-16 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 ejuiV&lent to approximately:— 16/1 in London £l/0/1 in Australia. 16/3} in U.S.A. 16/3 in Canada. 14/2 in France. 16/3} in Italy. 9/7} in Germany. £l/8/1} in Japan. 11/9} in Java.

May 6. May 7. Per Lon. Pei ton. Copper— Standard, spot 60 2 6 60 3 9 Ditto, forward (> 18 9 56 18 9' Electrolytic .. 63 0 0 65 0 0 Wire Bars .. . . 65 0 0 65 0 0 Lead — Spot 24 1 3 24 1 3 Forawrd 24 0 0 24 0 0 Spelter— Spot 23 2 6 23 3 9 Forward .... 27 7 6 23 10 0 Tin — Spot 249 12 6 249 6 8 Forward .... 248 2 6 247 5 0 Silver— Standard per oz. 20 7-16d. 20 3-8d. Fine . 22 l-6d 22d.

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 £100 O.D. 101 00/"./Fiji T.T. — £F to £100 O.D. 90/7,'G 89 New York .. T.T. 3.99.30 3.95.62 Doi. to £. O.D. 4.00 55 3.96 12 Montreal .. T.T. 3.98 33 3.94 S5 Doi to £. O.D. 3.99 58 3.95 35 Austria .... T.T. — 20.68 Schgs. to £ O.D. — 20.70 Belgium .... T.T. — 23.345 Crs t,o £ .. O.D. — 23.356 Czechoslovak T.T. — 122.91 Crs to £ .. O.D. — 113.01 Denmark .... T.T. 18.203 17.893 Ivr. to £... O.D. 18.263 17.903 France T.T. — 88.70 Frs. to £. O.D. — 88.74 Germany T.T. — 9.805 R.M. to £. O.D. — 9.810 Holland . ... T.T. 7.344 7.194 Els. to £ .. O.D. 7.404 7.198 Italy T T Lire to £ . O.D. — 75.35 Java T T 7 321 Els. to £ . . O.D. 7.381 7.165 Switzerland . T.T. 17.476 17.206 Frs. to £ . O.D. 17.581 17.211 Norway* .... T.T. 16.183 15.893 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 3-8 22 21-32 d. to rupee. O.D. 22 11-32 22 41-64 Japan T.T. — 17 15-32 d. to. 1 yen O.D. — 17 29-64 Singapore T.T. 34 23-32 35 13-64 d. to 1 dol. O.D. 34 5-8 35 3-16