THE MONEY MARKET.

Auckland Star, Volume LXII, Issue 2, 3 January 1931, Page 4

THE MONEY MARKET.

NEW YORK CALL RATES.

(Received 11.30 a.m.) NEW YORK, January 2. . New York call rates were high for renewal at 3 per cent, and low at the close, at PA per cent. SYDNEY BANK CLEARINGS. (Received 11.30 a.m.) SYDNEY, this day. Clearings of Sydney Banks during 1930 totalled" £893,158,894, as compared with £1,043,334,613 in 1929, which constituted a record. PARIS EXCHANGE RATE. [PARIS, January 2. The bank rate (has been reduced to 2 per cent. GOLD QUOTATION: j > LONDON, January 2. 1 Gold is quoted in London to-day at ,85/1% per ounce. , , Spot.—Trade is slow and_ prices are irregular. Australian ex ship, 26/6. THE CANADIAN DOLLAR. MONTREAL, January 2. The Canadian dollar is quoted in Montreal to-day at 4.86 19-32 to £• FOREIGN EXCHANGES. LONDON, January 1. Foreign exchanges quoted on London today, compared with rates previously quoted, are? _

Jan. 1. Dec. 80. Par. New York. * dol. to £ 4.85* 4.85 9-16 4.860 Paria, fr. to £ 123.645 123.625 124.21 34.765 34.765 35.00 25.045 =5.045 25.22 Amsterdam,, fl. to £ .... 12.06 12.06 12.10 Rome, lire to £ 92.725 92.765 92.46. Berlin, r.m. to „„ ' £ 20.383 20.381 20.43 Stockholm, kr. 101S(1 to £ 18.13 18.115 18.159 Oslo, kr. to £ 18.16 18.151 18.159 -Copenhagen, kr. -o ™ to £ .. 18.165 18.16J 18.159 Pt ! gU ?'.. 6t :.. ( °. 163.75 163.75 24.02 193 193 192.23 Calcutta, pence to rupee .... 17.75 , 17 25-32 18 • Shanghai, sterling to taels 16.75 17 —• Hongkong, sterling to dol. . 13 13.785 — Yokohama, ster- _, _ ling to yen .. 24.5 2417-32 24.58