THE MONEY MARKET.

Auckland Star, Volume LX, Issue 223, 20 September 1929, Page 4

THE MONEY MARKET.

BANK OF ENGLAND RETURNS. (Australian and N.Z. Press Association.) (Received 10.30 a.m.) LONDON, September 19. The Bank of England returns for the week ended September 19, as compared with those for the week ended September 12, are as follows:— Sept. 19. Sept. 12. £ £ Note circulation 361,855,000 364,959,000 Coin 141.767,000 142,238,000 Notes in reserve . 33,726,000 31,095,000 Govt, deposits .. 18,588,000 14,010,000 Other deposits .. 99,442,000 102,971,000 Govt, securities . 73,782,000 75,687,000 Other securities . 27,481,000 27,174,000 Proportion of reserve to liabilities 29.70 27.70 SHORT LOANS AND BILLS. Short loans, 4% per cent, and three months' bills, 5 15-32 per cent, are the same as last week. The bank rate remains unchanged at 5% per cent, to which point it was raised from 4% on February 7 of the present year. CONSOLS AND STOCKS. (Received 12 noon.) LONDON, September 19. The following table gives quotations for consols and colonial inscribed stocks, compared with those of September 12: — VariaPrice. tion. i s. d. s. d. Consols, 2J per cent .. 53 10 0 Same Funding, 4, 1960-90 ... 84 15 0 sOf War Loan, 5 per cent .. 101 7 6 5 Of Conversion Loan, 3i .. 72 15 0 5 0* Victory Bonds 91 10 O Same Com'wealth, 51, 1922-27 94 0 0 2 6* Com'wealth, 6, 1931-41 . 100 10 0 4 Of New Zealand, 4, 1929 . 101 2 6 7 6f New Zealand, 3i, 1940 . S3 IT 6 10 Of New Zealand, 3, 1945 . 75 15 O 2 6f New Zealand, 6, 1936-51 104 2 6 17 6f fHigher. »Lower. THE CANADIAN DOLLAR. (Australian Press Assn. —Dnited Service.) (Received 12 noon.) MONTREAL, September 19. The Canadian dollar is quoted to-day at 4.88% to the pound sterling. NEW YORK CALL MONEY. (Australian Press Assn.—United Service.) (Received 11 a.m.) NEW YORK, September 19. Gall money for renewals is quoted at 10 per cent, with 7 per cent at closing.