FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 434, 15 May 1937, Page 7

FINANCIAL NEWS

BASE METAL MARKET Little Changes In Prices London, May 7. 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 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 £1 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. Bas**d on figures quoted by thg Bank of New South Wales, the Now Zealand pound, compared with Its original par value, is eiuiv&lent to proximately:16/1 in London £l/0/1 in Australia. 16/3$ in U.S.A. 16/3 in Canada. 14/2 in France. 16/3J in Italy. 9/7$ in Germany. £l/8/1$ in Japan. 11/9B in Java.

May 6. Per ton. May 7. Per ton. Copper— Standard, spot 60 2 6 60 3 9 Ditto, forward 56 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— S'pot 23 2 6 23 3 9 Forward .... 27 7 6 23 10 0 Tin— Spot 249 12 6 249 6 3 Forward .... 248 2 6 247 5 0 Silver— Standard per oz. 20 7-16(1. 20 3-8d Fine . 22 l-6d 22d.

New Zealand on Buying, Seiling. London T.T. 121 124/ie/£N.Z. to £ stg. 100 . O.D. 123/10/- 124/8/9 ' Australia .. T.T. — — £A to £100 O.D. 101 100/"./Fiji T.T. — — £F to £100 O.D. 90/7/6 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 85 Doi to £. O.D. 3.99 58 3.95 35 Austria .... T.T. — 20.68 Schgs. to £ O.D. — 20.70 Belgium .... T.T. — 23.3 45 Crs to £ .. O.D. — 23.356 Czechoslovak T.T. — 122.91 Crs to £ .. O.D. — 113.01 Denmark .... T.T. 18.203 17.893 Kr. 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. — 75.30 Lire to £ . O.D. — 75.35 Java T.T. 7.321 7.161 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 del. 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 rujee. 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 <1. to 1 dol. O.D. 34 5-8 35 3-16