THE MONEY MARKET.

Auckland Star, Volume LXIII, Issue 178, 29 July 1932, Page 4

THE MONEY MARKET.

CONSOLS AND COLONIAL STOCKS. BRITISH FUNDS FIRM. COLONIALS IRREGULAR. (Received 11 a.m.) LONDON', July 28. The following table gives quotations for consols and colonial inscribed stocks, compared with those of July 21 : —

FOREIGN EXCHANGES. STERLING EASES FURTHER. (British Official Wireless.) (Received 12.30 p.m.) RUGBY, July 28. Foreign exchanges on London to-day, compared with rates previously quoted • —

BANK OF ENGLAND RETURNS. INCREASE IN NOTES. (Received 11 a.m.) LONDON, July 28. The Bank of England returns for the week ended July 28, as compared with those for tlio week ended July 21, are as follow:—' July 28. July 21, '

Short loans, i per cent, compare with J nor cent last week, and three months bills, a 5-82 per cent, compare with 27-3:2 per cent last week. The bank's discount rate Is 2 per cent, to which It was reduced from '*'} per cent on June 30. TkJE PRICE OF GOLD. IyONDON, July 28. Gold is quoted at £5 16/7 per ounce.

Price. Variation. £ s. d. s. d. Consols, 21 73 5 0 20 Of Funding Loan, 4, 1960-90 108 50 0 20 Of War Loan, 5, 1920-47 .. 102 2 (? 12 Of Conversion Loan, 31 .. 300 7 6 -IS Of Victory Bonds. 4 100 15 0 12 fit Coin-wealth, 5. 1945-75 100 7 0 7 Gf Com'wealtb, «. 1931-41 101 7 r> 17 fit Victorian, 3. 1920-49 .. 70 0 0 20 Of Victorian, 31, 1029-40 . , 81 5 0 75 0+ Victorian, 51, 1930-40 . 98 X~> 0 Pam« Victorian, 5. 1932-12 .. OS 10 0 r> 0* Victorian, 43. 1040-60 . i>7 15 0 15 0* N.S.W., 4, 1933 07 10 0 10 Of N\S.\V., 3, 1935 91 7 G 12 Of N.S.W., 8*, 1030-50 80 0 0 30 0* X.S.W n>1 1922-32 100 0 0 5 Of N.S.W., 01, 1930-40 DO 5 0 5 Of N.S.W., C, 1030-40 99 0 0 25 Of Quccnslnnd, 5, 1040-60 . 08 0 0 15 0* Queensland. 3. 1022-47 . 77 0 0 30 0* Queensland, 6, 1930-40 . 90 T 0 12 <if Now Zealand, 41, 194S-5S 102 0 0 55 0* New Zealand, 3i, 1940 . 05 0 0 5 Of New Zealand, 3, 1945 . S5 15 0 5 Of New Zealand, C, 1930-51 104, 0 0 Same S. Australia, 3j, 1939 . 01 0 0 15 0* S.A., 3, ifllG or after .. GO 12 0 2 Gf S. Australia, 01, 1030-40 99 15 0 5 Of Tasmania, 3J, 1020-40 . SO 15 0 2 C* Tasmania, 8, 1020-40 .. 87 15 0 ?M 0* Tasmania. «J, 1030-40 . 100 O 0 10 Of \V. Aub., 3J, 1029-35 ... 04 7 (i 17 lit W. Australia, 8, 1030-40 02 15 0 2 Gf \V. Australia, 0, 1915-35 100 0 0 20 Of tHtgher. 'Lower.

July 28. July 27. Tar. Montreal, dol. . 4.03 4.045 4.Sti(! New York, dol. 3.50& ' 3.5iig 4.SUG Paris, franc .. 8911-10 DO 5-10 124.21 Brussels, belgii 25.325 25.50 35 Geneva, fr. .. 181-32 18.175 25.22 Amsterdam, fl. 8.725 8.79 12.107 Milan, lire ... f>9 09 7-16 92.46 Berlin, r.m. ... 14.7C 14.875 20.43 Stockholm, kr. — 19 15-32 38.159 Copenhagen, kr. 18.55 IS 9-16 18.159 Oslo, kr — 10 31-32 1.S.150 Vienna, ach. .. — 31 81.»S5 Madrid, pea. .. 4411-16 44.125 25.221 Lisbon, eseu. .. 110 110 110 Athens, dr. ... 550 r>50 375 Bucharest, lei . 590 505 813.6 Klo, mil 5 1-32 o 1-32 5.9d Montevideo, dol. 30 30 51d Bombay, rupee 1S.125 IS 1-16 lSd Shanphai, taels 20 0-32 20 7-32 • Hongkong, dol. 15.5 15.5 • Yokohama, yen 1S.75 18.75 24.5S Batavia, fl. .. 8.81 — 12.10 Warsaw, zlotye 31.02 — 4.4.38 Belgrade, din. . 222.5 222.5 270.31 All quotations are for cable transfers. •Determined on the price of silver.

Note circulation ...360,285,000 363,759,000 Co i,i 142,383,000 141,288,000, Notes in reserve ... 43,440,000 45,825,000 Govt. deposits ' 11,243,000 13,:tTO,000 Other deposits ....122,747,000 121,751,000 Govt. securities .... 68,770,000 80,231,000 Other securities .... 39,047,000 40,315,000 Proportion of reserves- ' * to liabilities 33.00 34.50 SHOKT LOANS AND BILLS.