LONDON MONEY MARKET.

Press, Volume LVII, Issue 10733, 13 August 1900, Page 6

LONDON MONEY MARKET.

United Pres3 Association—By Electric Telegraph—Copyright. (Received August 11th, 9.iOam.) LONDON, August 10. The Bank of England return, issued for the week ending Wednesday, August Bth, is aa under : — ISSUE DEPARTMENT. Note lisue £45,590,000 Gov't. debt. £11,015,000 Oihersecunti es .. 5,72d.000 Gold .. 28.860.0U0 ,£45,590.000 £46.590,000 BANKING DEPARTMENT. Pr'priefre' Gov. securi.apital.. £14,553,000 ties £20.415,000 Public de- Other «• „„,_ , po»its.. 10,616,000 curities Other de- Notes .. 13,007,000 porits .. 38,059,000 Coin « 2,614,000 Hest, 7-day and other bill* .. 3,721.000 £66,949,000 £66,949,000 The leading features of the return, compared with thos* of last week and last year, are as follow:— Last Last W«fc. Yew £ £ £ Bullion.. ... 28 860,003 29,232.000 31.660,000 Reserve.. . 17 621,000 17,942,000 21,322,000 Note circulation 30 583,000 30,867,000 28,996,000 Deposits .. 48,67b;000 50,543,000 47,478,000 Proportion reserve to liabilities .. 36.10 55.39 44.86

The market rate of discount for beat three months' bills is per cent, high er at 4£ per cent. The Bank of England rate is 4per cent., a» against 3 percent, orJune 13th, 3£ per cent, on May 26th, 4 per cent, on January 27th, per cent, on January 18th, 6 per cent, on November 29th, 5 per cent, on Octobar 4th, 4J per cent, on October.3rd, 3£ per cent, on July 15th, 3 per cent, on 12th July.