THE MONEY MARKET.

Auckland Star, Volume LXI, Issue 186, 8 August 1930, Page 4

THE MONEY MARKET.

BANK OF ENGLAND RETURNS.

(Received 11-45 a.m.)

LONDON, August 7.

The Bank of England returns for the week ended August 7, as compared with those for the week ended July 31, are as follow Aug. 7. July 31. • £ i Note circulation ••• 372,978,000 368,37(,000 Coin 158,059,000 157,731,000 Notes in reserve . • 39,606,000 43,902,000 Govt, deposits 8,865,000 9,088,000 Other deposits 98,339,000 08,376,000 Govt, securities .... 53,145,000 51,665,000 Other securities .• • • 31,574,000 29,033,000 Proportion of reserve to liabilities 37.80 41.70

SHORT LOANS AND BILLS. Short; loans, 2 per cent, and three months' bills, 2 5-16 per cent, are the same as last week. FOREIGN EXCHANGES. (Received 1 p.m.) LONDON, August 5. Foreign exchanges on London to-day, compared with rates previously quoted Aug. 7. Aug. 5. Par. Montreal, dol. to £ 4.86J 4.86J 4.866 New York, dol. to £ 4.874 4.87 7-32 4.566 Brussels, belga to £ ........ 34.80J 34.805 35 Paris, fr. to £ 123.81 123.84 124.21 Geneva, fr. to __ £ 25.045 25.055 25.22 Stockholm, kr. to £ IS.IOI 18.104 18.159 Oslo, kr. to £ 18.16J 18.164 18,150 Copenhagen, kr. _ „ to £ 18.161 18.16J 18.109 Hclsingfors, mk. to £ 193.5 193.5 192.23 Berlin, r.m. to i. 20.381 20.38 20.43 Rome, lire to £ 92.08 92.98 92.46 Prague, kr. to £ 164.25 164,25 24.02 Calcutta pence to rupee 17.75 17.75 18 Yokohama, sterling to yen . 2411-32 2411-82 24.58 Shanghai, sterling to taels. 18.25 18.25 — Hongkong, sterling to dol. . 12.75 15.25 • Amsterdam, 11. to £ 12.085 12.091 12,107 All quotations are for cable transfers. •Determined on the price of silver.

NEW YORK CALL RATES. (Received 10 a.m.) NEW YORK, August 7. Call money for renewals has ruled from 2 x h to 2 per cent.