MONEY MARKET.

Auckland Star, Volume LXVI, Issue 235, 4 October 1935, Page 4

MONEY MARKET.

RESERVE BANK RETURN. RISE IN BANKS' HOLDING. EXCHANGE LEVEL REDUCED. (By Telegraph.—Press Association.) WELLINGTON, Thursday. The Reserve Bank return for the week ended September 30 was gazetted to-day. The statement is balanced at £24,853,470, or £290,447 less than at the close of the previous week. The principal movement on the liabilities side has been a fall of £553,941 in the deposits of the State, which, at £9,197,925, are considerably below the level ruling for some time past, and nearly £2,500,000 smaller than three months previously. The latest fall is reflected to some extent by an increase of £243,429 in the deposits of the trading banks. The note issue is £19.558 below the figure in the last previous return. The reserve of sterling exchange has decreased by £299,348, compared with the holding of a week earlier, this being the chief change among the assets. The investment item, atter having remained stationery for some time, has risen by £31,077. The statement, with variations, compared with the week before, is as follows:— LIABILITIES.

Variation £ £ 1. Capital 300,000 Same U. General reserve . 1,000,000 Same 3. Bank notes 8,893,905 19,558* 4. Demand liabilities— (a) State 9,197,925 553,041* (1>) Banks 4,(544,581 243,429f (c) Other 515,00P, 30,055t 7. Other liabilities . 71,093 2,402* Total £24,533,470 £290,447* ' ASSETS. 8. Reserve — „ Gold 2,801,732 Same (l>) Sterling ex. . 19,055,504 299,348* 0. Subsidiary coin . 219,00 l 12. Investment 2,134,.i36 14. Other assets .... S.bo7 -' .'WJ Total £24,553,470 £200,417* tlllgher. * Lower. Proportion of reserve to notes an d other demand liabilities, 90.59 per cent (90.66 last week). BANK OF ENGLAND RETURNS. INCREASE IN NOTES. THREE MONTHS' BILLS DEARER. (Received 10 a.m.) LONDON, September 3. The Bank of England returns for the week ended October 2, as compared with J hose for the week ended September —>. are follow Qct 2 Sep 25. £ £ v . t „ Mrenlation 402.033,000 308,104,000 Note circulation .... 11)5 ; n73 ; 00(> mr,.901,000 v'/' in" reserve .. 51,009,000 55,408,000 ?nvf deposits V. 25 452,000 19.401.000 Other deposits 1»,000 120,107,000 Other securities i&SWJQO 24,00i:000 30.00 38.30 SHORT LOANS AND BILLS. Short Joans, 2 per cent, are the same, and three months' hills. 21-3- per cent, compare with 0-10 per cent last week. CONSOLS AND STOCKS. BRITISH FUNDS DECLINE. COLONIALS ALSO EASIER. (Received 10 a.m.) LONDON, October 3. The following table gives quotations for consols and colonial inscribed stocks, compared with those of September 20:Prico. tion.

£ s. d a- dConsols, 2J per cent . — *50 10 0 <>1 «|* * 30 ; % ? 8» to « : Com'wcnUli,' 35. 1030-37 00 10 3J 35 £ Com'wenltl!, k 1948-53 10ft 17 6 Same Com'wealth, •!(. 19y6-t>l 00 - »> , N.S.W., 35. 1030-50 .... OS 17 0 < <T NSW., 41, 1933-45 .... 101 '>' •} •} JJt NSW 5 1935-55 100 7 0 2 Of victoria, 3. 1929-40 ... 00 0 0 Same Victoria, 43, 1940-00 ... 03 5 0 . 0 Victoria, 5, 1945-7;. .... 107 5 0 !•> 0 Queensland, 3, 1022-17 . 0.» 10 O U 0 Queensland, 5, 1940-00 . 103 la 0 1_ > S. Australia, 3, 1910 opt. SO ;> 0 1;J " S. Australia, 5, 1910-7.j . 10< - 0 1- r ' W. Australia, 4, 1942-02 101 0 0 _0 Tasmania, 35, 1920-40 . 101 0 0 So Tasmania, 4, 1910-50 .. 101 0 0 la 0* New Zealand. 4}, 1948-58 10;; lj> J> <' New Zealand, 31, 1940 . lO- 0 0 10 • New Zealand. 3, 1945 .. 98 10 0 •> 0 New Zealand, 0, 1930-51 103 -0 - Of •fHigher. * Lower. tEx dividend. FOREIGN QUOTATIONS. British Official Wireless. (Received 1.45 p.m.) RUGBY, October 3. Foreign exchanges on London to-day, compared with rates previously quoted Oct. 3. Oct. 2. Tar. Montreal, dol. . 4.98J 4.90J 4.800 New York, dol. 4.90 4.901-10 4.M.0 Paris. franc .. 74 31-04 1-4— 1 Brussels, belga 29.02 29.021 3a __ Geneva, franc . 15.00 15 00 rIJ-Tr.-Amsterdam, fl. 7.251 1.2 a l-.JHH Milan, lire ... 00 5-10 00-; i 9-.40 Berlin, r.m. ... 12.191 I—l 9 -0.43 Stockholm, kr. 19.391 19.391 IS l.j!) Copenhagen, kr. 23.391 -.1.391 18.1a9 Oslo, kr 19.90} os'loVienna, sch. .. 20 -6 __ . nt'o- 1 * Prague, kr. ... 118.12 a 118—a 164—a Helsingfors. mk. 220.875 220.875 129.23 Madrid, pes. .. 35 15-16 35 50-04 25.221 Lisbon, escu. . 110.375 110.37 a 110 Athens, dr. ... 513t jrtijt ' •>'" „ Bucharest, lei. 0221 i o-j. 11, Rio, mil 4 25t 4.25t 5.9 d B Avres, dol. • oaf 3af 47.0-d M'video, dol. .. 39.75f 3913-16f Bid Bombay, rupee 18.25 18.-0 J»cl Shanghai, dol. 18 9-10 18 9-16 Hongkong, dol. 24.50 • -4.0-a Yokohama, yen 141-10 14 1-10 Batavia, fl. ... 7—4J 7—41 Warsaw, zlotys 20.00 — 43.38 Belgrade, din. . 214 214 -i 0.31 All quotations are for cable transfers. •Determined on the price of silver. tSellef s.