LONDON MONEY MARKET.

Press, Volume LVIII, Issue 10881, 4 February 1901, Page 9

LONDON MONEY MARKET.

United Press Association—By Electric Telegraph—Copyright. (Received February 2nd, 1,12 a.m.) LONDON, February 1. The Bank of England return, issued for the week ending Wednesday, January 30th, ia as under : — ISSUE DEPARTMENT. Not* issue £48,751,000 Gov't, detit. £11,015,000 Oilier securities .. 6,760,000 Gold .. 30,976,000 *£48,751,000 £48,751,000 BAN JUNO DEPARTMENT. Pr'priel'rs' Gov. securicapital.. £14,553,000 tie* .. £15,432,000 Public do- Other soposits .. 8,321,000 curities 29.559.00 C Other de- Notes .. 19,978,000 posits.. 41,096,000 Coin .. 1,683,000 Iteat, 7 day andother billi .. 2,714,000 £66.687,000 £66,637,000 The leading features of tho return, compared with those of last week and last year, are as follows:— Last I-ist Wt-ek. Year £ £ £ Bullion .. .. 50,976,000 30,614,000 34,054,000 Reserve.. .. 21,666,000 21,435,000 23,.'51,00tl Note circulation.. 2i?,773,04J0 23,534,000 28,561,000 Depouts .. 49,420,000 ,COO SI,6M,UGO Proportion restrve toii«biliUe* .. 44.55 44.53 46.22

Tho market rata of discount for best three months,' bills is unchanged, at 4£ per cent. Tho Bank of England rate is 5 percent., ai against 3 per cent, oc June 13th, 3£ per cent,, ou May 26tb, 4 per cent, on January 27th, 4£ par cent, on January 18th, 6 percent, on November 29th, 5 per cent, on Octobar 4th, 4£ per cent, on October 3rd, 3i per cent, on July 15th 3 per cent, on 12th July, 4 per cent, on 19th July.