THE MONEY MARKET.

Auckland Star, Volume LXI, Issue 174, 25 July 1930, Page 4

THE MONEY MARKET.

BRITISH STOCKS DROP. A SHARP FAI/Ii LONDON, July 24. The following table gives quotations for consols ana colonial inscribed Stocks, compared with those of July IT:—. •"■_■■ . VariaPrice. tion. £ s. d. s. < d. Consols, 25 .....,.;.. 55 5 0 12 6* Funding, 1960-60 .;... M) 0 0 0 22 6 British 5 War Loan .. 10310 0 2 6*, Conversion Loan, 3J ."' 78 10 0 2o 0* Victory Bonds, ,4 .... 95 r0 0 t 6* Coin-wealth 51, 1922-27 89.' 2 6 2 6* Com'wealth 6, 1931-41 . flO 1 3 12 9* New Zealahd 4i, 1949-58 95 5 0 Same New Zealand 3J, 1940 . 90 0 0 5 Of New Zealand 3, 1945 . 8110 0 2 6* New Zealand 6, 1936-51 103 7 6 76* ♦Lower. tHigher. ■

BANK OF ENGLAND RETURNS.

(Received 11 a.m.) , '. . LONDON, July 24. , tfiie Bank of England returns for the week ended July ,24, as compared with those for the week ended July 17, are as follow:-; "■ ■ ' £ ■ £' Note circulation ... 364,135,000 365,121,000 Coin Clrcumt \ ..u •: •■, 159,500,000 160,836,000 Notes in' reserve... '49,981,000 50 t 358,000 Govt deposits ..... 9,904,000 10,397,000 Other deposits ;-.... 103,472,000 105,093,000 Govt' securities .... 51,356,000 55,695,000 Other'securities .... 29,200,000 26,609,000 Proportion of reserve •■. ' 9ft to liabilities 44.80 44.20 The Bank of England discount rate is 2 per cent, to which is was reduced from 3J per. cent on & a 71.

SHORT LOANS AND BILLS. ,

Short loans, 2 per cent, are the same, as last week, and three months' bills, -J. i-10 per cent, compare with-SJ per cent last week. . '

NEW YORK CALL RATES.

(Received 9.27 a.m.) NEW YORK, July ; 24. .'Call money in New York has ruled all day at 2 per,cent. ...

- i* ■ . / ■ ' THE CANADIAN DOLLAR.

'■ . v (Received 11.30 a.m.) : ' ; . MONTREAL, July 24. ' The Canadian dollar , is quoted to-dayi -at 4.86 to the £'sterling. ■ ■■■• , ,