LONDON MONEY MARKET.

Press, Volume LVII, Issue 10703, 9 July 1900, Page 6

LONDON MONEY MARKET.

United Press Association—By Electric Telegr»p_i—Copyright. (Received July 7tb, 8.30 p.m.) LONDON, July 5. The Bank of England return, issued for the week ending Wednesday, July 4th, is as under : — ISSCE DEPARTMENTNote issue _47,721,003 Gov't, debt. £11,015,000 Other securities . - 5,725,000 Gold .. 30,881,000 £47.721,000 _"47,7_1,000 BANKING DEPARTMENT. Pr'priet'r.' Urn*, securi- ~.,_«-- --capital.. £14,553,000 ties - £20,161,000 Public tie- Other sepome.. 11,245,000 euriues oO.&b.OtX. Other <le- Notes .. 16,761,000 posits.. 40,749,000 Coin .- 2,746,000 Ke.it. 7-day and other bills .. 3,657,000 -.70,-04,000 £70,204,000 Tbe leading features of the return, compared with those of last week and last year are as follow:— Last Last Week. Year £ £ £ Bullion .. .. _0,581,0C0 31.9-_,OOO 30,3.5,000 Reserve.. .. 19,507,000 — • s} * o ii*2i_! Notecirculati.n. 30,9-0,000 23,475,003 29,103,000 Deposit. .. 61,994,000 48,491,000 43,386,000 Proportion reserve .. „. to liabilities .. 37.52 43.M 4--2 1 The market rate of discount for best three months' bills ia 3-16 th per cent, lower, at 2 7-16 th per cent. The Bank of England rate is 3 per ceut., as against 3_ per cent, on May 26th f - 4 per cent, on January 27th, 4£ per cent, on January 18th, 6 per cent, on November 29th, 5 per cent, on October 4th, 4£ per cent, on October 3rd, 3_ per cent, on July 15th, 3 per cent, on 12th July, and 3fc per cent, on 19th January.