THE MONEY MARKET.
BANK OF ENGLAND RETURNS.
LONDON, May 24. The Bank of England returns for the week ended May 24, as compared with those for the week ended May 17, are as follows:— May 24. May 17. £ £ Note circulation . 145.064,000 1 #4.835,000 Coin 160.278.000 111.947.000 Reserve 46.873.000 46.862.000 Govt, deposits .. 13.095,000 19,163,000 Other deposits . . 100.518.000 95.377,000 Govt, securities . 29.582,000 29.577,000 Other securities . 44,924,000 55,846,000 Proportion of reserve to liabilities 41.20 40.90 SHORT LOANS AND BILLS. Short loans, 3% per cent, same as last week; three months' bills, 4 1-32 per cent, compared, with 3 31<32 per cent last week. CONSOLS AND COLONIAL STOCKS. LONDON, May 24. The following table gives quotations for consols and colonial inscribed stocks, compared with those of May 17: — Price. Variation. £ s. d. 8. d. Consols, 21 per cent .. 56 15 0 Same British 5 War Loan .. 100 17 6 Same Conversion Loan 77 15 0 Same Com'wealth, si, 1922-27 100 17 6 , Same Com'wealth 6. 1931-41 102 15 0 2 6* New Zealand 4. 1929 .. 98 15 0 2 6* New Zealand 3}, 1940 . 88 5 0 2 6* New Zealand .6, 1936-51 108 7 6 Same •Higher. FOREIGN EXCHANGES. (Australian and N.Z. Press Association.) LONDON, May 24. Foreign exchanges on London to-day, compared with rates previously quoted May 24. May 21. Par. Montreal (doL to £) 4.88 1, / i» 4.88"/ss 4.866 New York (doL to £) 4.881 4.BSJ 4.866 Brussels (belga to £) 34.99 34.98 35 Paris (fr. to £> . 124.02 124.02 25.225 Stockholm (kr. to £) 18.20 18.20 18.159 Oslo (kr. to £) .. 18.23 18.22 18.159 Copenhagen (kr. to t) 18.20 18.20 18.159 Berlin (r.m. to £) 20.39 20.40 20.43 Rome (lire to £) 92.67 92.63 25.225 Amsterdam (fl. to £) 12.09J 12.10 12.107 Bntavia (fl. to £) 12.12 12.111 12.107 Calcutta (nence to itipee) 18Vm 18Vs» f24 Yokohama (pence to yen) 22Vi« 22 T /i» 24.58 Hongkong (pence to dol.) 25» 251 * All quotations are for cable transfers. •Determined on the price of silver. tOh the basis of 10 rupees to one sovereign (gold). P. AND 0. SHARES. P. and O. deferred stock is quoted at £245.
THE MONEY MARKET.
Auckland Star, Volume LIX, Issue 123, 26 May 1928, Page 4
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