THE MONEY MARKET.

Auckland Star, Volume LIX, Issue 248, 19 October 1928, Page 4

THE MONEY MARKET.

BANK OF ENGLAND RETURNS.

(Australian Frees Assn.—United Service.) LONDON, October 18. The Bank of England returns for the • week ended October 18, as compared with Isose' for the week ended October 11, are n follow:— Oct. 18. Oct. 11. £ £ Note circulation .. 133,301,000 134,094,000 Coin 167,147,000 167,500,000 Notes lrt reserve ►» 51,358,000 50,836,000 SGovt. deposits .... 11,217,000 13,934,000 ther deposits .... 100,012,000 97,751,000 dvt. securities .. 34,015,000 31,110,000 other, securities .. 41,489,000 45,183,000 Proportion of reserve to liabilities 48.00 % 47.50 BHORT LOANS AND BILLS. Short loans, 3i per cent, same' as last week, and three months' bills, 43 per cent, •ompare with 4 5-16 per cent last week. FOREIGN EXCHANGEB. fAustralian Press Assn.—United Service.) (Received 11 a.m.) LONDON, October 18. Foreign exchanges on London to-day, compared with rates previously quoted:— Oct. 18. Oct. 15. Par. Montreal (doL to £) 4.851 4.851 4.866 New York (dol. to £) 4.85 4.85®/ s » 4.866 Brussels (belga to £) 34.90 34.89 35 Paris (fr. to £) . 124.20 124.19 124.21 Stockholm (kr. to £) 18.14 18.14 18.159 Oslo (kr. to £) . 18.191 18.20 18.159 Copenhagen (kr. to £) 18.19 18.20 18.159 Berlin (rjn. to £) 20.35 20.37 20.43 Rome (lire to £) . 92.58 92.68 92.46 Prague (kr. to £) 163f 163J 24.02 Calcutta (pence to rupee) l»/„ 18V« 18 Yokohama (pence to yen) 221 22"/„ 24.58 Hongkong (pence to dol.) 24»/w 24§ * Amsterdam (fl. to £) 12.09J 12.10 12.107 Batavia (fl. to £) 12.091 12.09 12.107 All quotations are for cable transfers. | 'Determined on the price of silver. |

NEW YORK CALL MONEY.

(Australian and. N.Z. Press Association.)

NEW YORK, October 18. Call money for renewals is quoted at 61 to 7 per cent.