MONEY MARKETS.

Auckland Star, Volume LX, Issue 10, 12 January 1929, Page 4

MONEY MARKETS.

BANK OF ENGLAND RETURNS. COMPARISON'S WITH LAST WEEK. (Australian Press Assn.— United Service.) LONDON, January 10. The Bank of England returns for the week ended January 10, as compared with those for the week ended January 3, are ... as. follows:— Jan. 10. Jan. 3. £ £ Note circulation ... 414,284,000 413,123,000 Coin 157,781,000 156,564,000 Reserve 44,962,000 35,034,000 ~-Cfoyt. deposits 10,995,000 22,338,000 Other deposits ..... 104,305,000 122,046,000 Govt. securities 57,737,000 62,637,000 Other securities ... 30,656,000 64,708,000 Proportion of reserve to liabilities ..... 38.90 24.20 Short loans, 3M per cent, same as last , week; three months' bills 4 11-32 per cent, compared with 4 9-32 per cent last week. CONSOLS AND STOCKS. — The following table gives quotations for console and colonial inscribed stocks, compared with those of January 10:— Varla- » ' - ■ • Price. tion. £ s. d. s. d. Controls, 2% per , cent ... 56 5 0 Same Funding Loan, 4, 1960-90 90 10 0 5 0t War lioan,:& 1929-47 ... 103 0 0 Same Conversion Loan, ZVa 79 10 0 2 6t Com'wealth, sto, 1922-27 98 12 6 Same Com , wealth, 6, 1931-41 .. 103 2 6 2 6t New Zealand, 4, 1929 ... 100 0 0 1 3t New Zealand, 3%, 1940.. 87 16 3 1 3* - New Zealand, 3, 1945 ... 80 2 6 2 6* New Zealand, 6, 1936-51.. 106 6 3 13* . ... t Higher. 'Lower. ;_ FOREIGN EXCHANGES. '~' ~ (Received 11 a.m.) LONDON, January 10. Foivigß exchanges on London to-day, "• (. juifi ared with rates previously quoted :— Jan. 10. Jan. 8. Par. Montreal (dol. to £i 4.86} 4.851 4.866 New York (dol. to £) 4.83J 4.85»/w 4.866 Brussels (belga to £) 34.05 34.90 35 Pula <fr. to £) . 124.10 H'4.05 124.21 Stockholm (kr. to ■£> 18.13 J 18.13 18.150 - Oslo (kr. to i) .. 18.19 18.19 18.159 Copenhagen (kr. to i) 18.18 18.18 18159 Berlin (r.m. to £) 20.40 20.3!) 20.43 Rome (lire to £) . 92 02.56 92.46 Prague (kr. to £) 1638 IB3J 24.02 Calcutta (pence, to rupee) 18'/a 18Vij 18 Yokohama (pence to yen) 29»/» 22 u /ie 24.58 Hongkong (pence to dol.) 24} 24} • Batavia (fl. to £) 12.09J 12.0 12.1 All quotation* are for cable transfers. •Determined on the price of silver. CONSOLS AND BTOCKS. , ]' u ,,, * LONDON, January 3. The following table gives quotations for «>iiholß and colonial inscribed stocks, cumTared with those of December 27:—

VariaPrice. tioo. £ a. d s. a. .'«*HHol8, 2} per cent .. 56 5 0 Same Funding Loan, 4, 1960-90 90 5 0 Same War Loan, 5, 1929-47 .. 103 0 O 10 Of Conversion Loan,' 31 .. 79 7 6 2 6f Com'wealth, 5), 1922-27 98 12 6 Same Com'wealth 6, 1031-41 . 103 0 0 2 6f New Zealand, 4, 1929 . 90 18 0 1 3t New Zealand, 3J, 1940 . 87 17 6 5 Of New Zealand, 3, 1945 . 80 5 0 2 6f New Zealand, 6, 1936-51 106 7 6 47 6* t Higher. »Lower.