THE MONEY MARKET.

Auckland Star, Volume LV, Issue 75, 28 March 1924, Page 5

THE MONEY MARKET.

LATEST LONDON QUOTATIONS. (Iteeelvetl 1 p.m.) LONDON". March 27. The Bank of England weekly return of gold coin and bullion shows a total of £120.2>i:i.n00: reserve. £22.453,000; pPOI portion of reserve to liabilities, 17.01; note circulation. £125,403.000; public deposits. £2ti.983,0"00: other deposits, • £1(IO..">O7.O()(1; Government securities. other securities, £75,145,000. ; Short loans, il per cent; three months . bills. :{ 1-IC per cent. I Imperial war loan. 5 per cent, £101 ! 10/; conversion loan. £"."> 10/; Commonwealth war loans. £102 10/. £104 15/; .Victorian :u. £!W 10/; New South Wales,' £91. £S0 15/. £7--. 5/. £102 12/fi, £107 5/, £100; Queensland, £100, £H9 10/. Hu 10/; £104 10/; New Zealand. £90 10/. £83 2/0, £74 ;*>/. £10S; South Australian threes, £(il 10/; Tasmania. £92 7/fi, £77, £107; £107; West Australia. £Sl>, £82, £104. Waihi shares. 30/7.—(A. and N.Z.) MATATUA COLLISION. THEORIES OF THE CAPTAINS. LONDON, March 27. •Vt the inquest on the five victims of I the MatatUH collision, the captain of the Matatua attributed the accident to the j American vessel suddenly going to starboard within SOOft of the Matatua. The American captain expressed the opinion that tbme collision would have been avoided had the Matatua ported her helm .wo minutes sooner.—(Ueuter.) BURNT TO DEATH. WIFE CAUGHT IN BLAZING HEDGE. LONDON, March 20. A f.irm bend at Chertsey (Surrey) was burning grass in the meadowlands when he saw a hedge ablaze and heard screams. He found his wife caught by the legs 'in barbed wire, and despite his most valiant efforts at rescue she was incinerated. FINISHING TOUCHES. TBANSFORMATON AT WEMBLEY. BLAZE OF TUMPS. LONDON, March 20. ! The authorities are confident that the Kmpirc Exhibition will be ready for opening on April 23. Twelve thousand workers are making giant strides in hustling the new town into shape and readiness for the "big Empire *splash." 1 All the external scaffolding is down, except a section required to finish the , painting. I Inside the exhibits are being installed las fast as they are deposited by railways and motor lorries. Those of Australia. Canada. Malaya, and East Africa are the most advanced, with New Zealand running them most closely. Huge ■ gangs of men are tidying up the grounds and making roads.- Mud heaps are swifltly disappearing, and dainty kiosks arc going up at intervals on the roads. Lord Leverhulme's fish organisation !is erecting out of doors what will be the second largest aquarium in Europe. Hundreds of gardeners arc busy. One hundred thousand tulips, arranged in I masses, are now two inches high, and I will give a blaze of a myriad colours on the date of the opening. FOR LONDON STREETS. I TRADERS STICK TO HORSES. PROHIBITION RESISTED. LONDOX. March IC. Horses will' not leave London streets without a fight. The National Farmers' Union is already up in arms, combating the suggestion to fix a date after which horses would be prohibited on the streets of London. The union asserts that it is universally recognised that the heavy horse van is superior to the motor van for short-distance traffic. It has not been proved that the horse is responsible for ! traffic congestion. That, says the union, ia n fallacy nourished by the motor ; trade. \ The horse's battle will be fought by j thousands of traders on the grounds of i cheapness. FATAL DRINKING PARTY. I DEATH OF A WOMAN. I I SYDNEY, March 27. f The police are experiencing great difficulty in ascertaining the facts concerning the death of Maud Anderson during a drinking party on the bank of the Yarra at Collingiwoo'd, as most of those who 1 were present were in a muddled condition 1 and unable to give a coherent account of their movements. The majority of them i are stated to be confirmed methylated I spirits drinkers. 1 Workmen employed at a factory on the opposite side of the river informed the police that they saw a man dragging a I woman to the bank, but their view was obstructed by trees. One of their number ran to a party who had crossed the bridge and told them a woman was being thrown into the river, but no notice was taken of him. — (A. and N.Z. Cable. I