THE MONEY MARKET.

Auckland Star, Volume LXIII, Issue 226, 23 September 1932, Page 4

THE MONEY MARKET.

BANK OF ENGLAND RETURNS. INCREASE. IN COIN. .SHORT LOANS CHEAP. (Received 10 a.m.) LONDON, September 22. The Bank of England returns for the week ended September 22, as compared with those for the week ended September 13, are as follow:— Sep. 22. Sep. 15. Xote circulation 350,265,000 302,285,000 Coin 144,187,000 143,10li,OO() Notes in reserve ... 05,156,000 52,007,000 Govt. deposits 23,015,000 12,933,00(1 Other deposits 115,490,000 122,984,000 Govt. securities 70,998,000 70,503,0<>0 : Other securities ... 30,132,000 30,353,000 Proportion of reserve to liabilities 40.20 35.90 SHORT X.OANS AND BILLS. Short loans, i per cent, and three months' bills. 21-32 per cent, are the same as last week. The bank's discount rate is 2 per cent, to which it was reduced from 24 per cent on June 30. CONSOLS AND COLONIAL STOCKS. ALL-ROUND ADVANCES. (Received 11 a.m.) LONDON, September 22. The following table gives quotations for consols ana colonial Inscribed stocks, compared with those of September 15:— Price. Variation. £ s. d. b. d. Consols, 2J per cent .. 73 10 0 20 0t Funding Loan, 4, 1900-1)0 110 0 0 l< 0, War Loan. 5, 1920-47 .. 102 2 6 80 0t Conversion Loan, 3J . O'J 0 0 17 6t Victory Bonds, 4 107.10 0 au Of Com'wealth, 5, 1045-73 . 103 5 0 10 Of Com'wealth, 0, 1931-41 . 101 5 0 10 0;, Victorian, 3, 1920-49 .. 79 15 0 27 bt Victorian, 3}, 1929-49 .. 8j 00 22 (>t Victorian, s{, 1030-40 ..100 1 «5 8 9* Victorian, 5, 1932-42 ... 100 2 6 22 b, Victorian, 4$ 1940-GO .. 100 lo O 21 dj N.S.W., 4, 1933 W J J ' 6| N.S.W., 3, 1935 05 15 0 15 Of N.S.W., 3i, 1930-50 84 12 6 i 2 6t £:!:£:: II: iSSS :.::: -iS f | i? | N.S.W. 6, 1030-40 .... 102 5 0 10 0t Queensland, 5, 1040-60 . 100 15 0 12 0t Queensland, 3, 1922-47 . 81 5 0 40 0t Queensland 6, 1030-40 . 101 0 0 5 0* New Zealand, 4s, 1948-58 103 2 6 7 fat New Zealand, 3}, 1940 00 12 6 5 Of New Zealand, 3, 1945 .. 87 15 0 22! 6t New Zealand, 6, 1031-51 105 12 6 12. 91 S. Australia, 31, 1930 . 94 0 0 hame S.A., 3, 1916 or after . 70 5 0 5 0* S. Australia, 6{, 1030-40 101 10 0 5 0t Tasmania, 31. 1020-40 .. 82 15 0 10 0t Tasmania, 3, 1020-40 . 88 0 0 Same Tasmania, 01, 1930-40 ..102 0 0 5 0t W. Aus., 31, 1020-35 .. 98 0 0 85 0t W. Australia, 6, 1030-40 97 0 0 3o Of \V. Australia, 3, 1915-35 101 10 0 22 bt tHigher. 'Lower. FOREIGN EXCHANGES. (British Official Wireless.) (Received 11 a.m.) RUGBY, September 22. Foreign exchanges on London to-day, compared with rates previously quoted :— Sep. 22. Sep. 21. Par. Montreal, dol. . 3.85 3.865 4.860 New York, dol. 3.4ti| .!.4UJ 4?» Paris, franc .. 88 5-10 S8 9-:!2 124.21 Brussels, belga 24.!ir. I'-t 20-J2 Ao Geneva, fr. .. 17.9.75 17.945 25.22 Amsterdam, fl. 8.01 8.615 12.10. Milan, lire ... 07.5 (i, -i5» SjHS Berlin, r.m. ... 14.543 14 17-32 20.43 Stockholm, kr. 19.5 19.5 18.159 Copenhagen, kr. 19 0-32 10 0-32 18.180 Oslo, kr. 10-875 10.875 18.100 Vienna, sch .. 29.5 20.5 ."fSf 5 Prague, kr. ... 110.25 117 164.25 Helslngfors, ink. 232.5 232.0 I r,irsi Madrid, pes. .. 42.20 Z^ 9 ' 1C -r 5 / 221 Lisbon, escu. .. 110 110 110 Athens dr. ... 567.5 562.5 375 Bucharest, lei . 580 580 813.6 Rio,, mil 5 3-10 5 3-16 _50d Montevideo, dol. 30 30 old Bombay, rupee 18 5-32 18 5-32 18d Shanghai, taels 21.5 • fen £? 10.875 24 58 Batavia, n. .. B.GB 8.70 12 10 Warsaw, zlotys 30.03 — 4J.3S Belgrade, Uln.. 227.5 225 270.31 All quotations are for cable.transfers. •Determined on the price of silver.