THE MONEY MARKET.

Auckland Star, Volume LXI, Issue 222, 19 September 1930, Page 4

THE MONEY MARKET.

BANK OF ENGLAND RETURNS. INCREASE IN BULLION. ; (Received 11 a.m.) LONDON, September 17. The Bank of England returns for the week ended September 17, as compared with those for the week ended September 11, are as follow:— Sep. 17. Sep. 11. ,£ £ ; Note circulation .... 357,707,000 361,326,000 Poin ...... 161,978,000 161,035,000 Notes in"r'eserve .... 58,652,000 54,220,000 Govt deposits .... 8,933,000 9,013,000 Other deposits ... 99,003 000 101,303,000 Govt securities .... 38 766,000 45,911,000 Other securities .... 27,786,000 27,411,000 proportion ot reserves to liabilities 50.3Q 50.0 The Bank of England discount rate is 3 per cent, to which it was reduced from 3i per cent on May 1. SHORT LOANS AND BILLS. Short loans, 2 per cent, th? same as last week, and three months' bills, 2 3-32 pei cent, compare with -k per cent last week. CONSOLS AND COLONIAL STOCKS. The following table gives quotations for consols and colonial inscribed stocks, compared with those of September 11:— 7ariaPrice. tion. £ b. d. s. d. Consols, 25 1 50 2 6 Same Funding Loan, 4, 1960-90 92 0 0 5 0* British 5 War Loan 104 0 0 Same Conversion Loan, 31 .. T8 1 O 0 o aS p« Victory Bonds 6 J. 6* Com'wealth, 5, 1940-47 . Solo O ia 0 Com'wealth, 6, 1931-41.. 96- 6 New Zealand, 4, 1929 . 94 0 O 7 6 New Zealand, 31, 1940 . SS o O -I 9 New Zealand, 3, 194u .•. 80 -.6 o 0 New Zealand, 6, 1936-51 104 11 3 6 3* ( 1 . 'Lower. NEW YORK CALL RATES. (Received 9 a.m.) NEW YORK, September 18. 'Call rates have jruled all day at 2 per cent. '