THE MONEY MARKET

Dominion, Volume 27, Issue 59, 2 December 1933, Page 10

THE MONEY MARKET

Bank of England Return NOTE CIRCULATION HIGHER By Telegraph—Press Assn.— Copyright London, November: 30. 1 Who Bank of England return for the week encAd November 29 is as follows

Short Loans and Bills. The Bank of England rate of discount was reduced to 2 per cent., as from June JO, IJ Short loans are quoted at 7-BdJ cel ‘t“ the same as last week. Hie market rate of discount for best three montisbills is 1 3-32 per cent., the same as last week. FOREIGN EXCHANGES Position of Sterling (British Official Wireless.) London, November 30. The following rates on forei 8 n were current to-day. compared with those ruling on November -J.

Gold and Silver. London, November 39. Gold.—£6/5/11 per fine ounce. Silver.—Cash, 18 3-8 d per ounce; forward, IS 7-16 d. DEALINGS ON ’CHANGE Yesterday’s Sales The following sales were recorded yesterday on the Stock Exchanges mentioned:

Government Stocks By Telegraph.—Press Assn.—Copyright Loudon, November 30. Quotations of Government stocks on the London Stock Exchange compare with those of a week ago as follow:— Price. Variation.

Issue Department. Notes issued: * uAlOO Nation 370,201,607 securities 242,251,441 «. 80.430,076 purities 3,002,031 •£200,000,000 190.038,283 £450,038,283 . .f^ 0,638,26 '’ •Amount o£ fiduciary issue. Banking Department. £• Capital 14,5o3,000 Govt. ~nnti nun Kost 3,287,515 securities <0,941,06b D pjX tS: 13.037,330 Advances 8,570,410 pities 13755818 M70 O& -a £174,883,727 £174,883.721 Proportion of reserve to ol 00 per cent., compared with 33.-0 per ten la Tlie principal items of the above return compare as follow with those of last week:- Nov. 22. ’ Nov. 29. Deposits: 13.637,336 Banl-ers 102,990,827 100,910,301 Other accounts .. 30,578,701 30,494,..30 £158,335,917 £157,042,033 ... 67,816 000 70,941,006 Dlscts., advances 8,4u7,83<> R e°seme Notp circulation .. 367,528,01)1 Gold coin bullion 100,538,434 190,638,-83

Nov. 30. Nov. 29. Par. N, York, dol. to £ Montreal, dol. to £ Paris, fr. to £.... 5.175 5.09 84 15-32 5.201 5.10 84 7-32 4.866 4.866 124.21 35.00 Brussels, bel. to_£ Geneva, fr. to £.. Ainst’dam, fl. to £ 23.755 17.09 8.22 iLot’ 8.20 _ 12.107' Milan, lire to £•■ Berlin, inks, to £ 62.75 13.85 i:t'si_ 20.43 St’liolm, knr. to £ C’hagen, knr. to £ Oslo, knr. to £ Vienna, sehgS. to £ Prague, knr. to £ Hel'fors, inks. to.£ Madrid, pes. to £ Lisbon, esc. to £ 19.305 22.40 • 19.90 30 111 220.50 40 7-10 110 10.395 22.40 19.90 30 lit 226.50 40.375 110 1SA59 18.159 34.585 104.25 193.23 116"' Athens, drach. to £ • ><■> 276.31 813.60 43.38 5.899 Belgrade, din. to £ 242 242 Bucharest, lei to £ 560 560 Warsaw, zloty to £ 29.12 —- Bio de J., p. to mil. 14 1-16 1’4 B. Aires, p. to peso f!2 3-8 142 3-8 47.G2 M. Video, p. to peso ■f3ol 51 Calcutta, p. to rup. 17 31-32 17 31-32 IS Shanghai, p. to dol. 15 3-8 1 o 3-8 •— H.-Kong, p. to dol. Y’hatn.a, p. to yen 17 14 9-32 17 14 5-16 24.582 Batavia, fl. to £.. 8.17 —— 12.107 j Sellers. •Nominal.

WELLINGTON. d 0 £ s 19 Q ueen sift nd Insurance •• I 13 0 N.Z. Drug Co 3 13 0 0 04 0 AUCKLAND. £ s d Bank of New Zealand (4) 4 9 . Union Bank 9 14 0 1(5 17 Dominion Investment ...«••«•• II 0 11 1 1 11 Pukemiro Collieries (2) ........ 1 «> b Canterbury Meat ........ 10 10 0 17 67 13 1 N Z Drug Co. 3 13 0 0 0 3 0 '» 1 Unofficial List — — 5 0 CHRISTCHURCH. £ S d 0 16 1(1 Ditto 0 16 1! Ditto 0 1(1 10 8 17 0 1 11 4 N.Z. Refrig.. £1 paid 1 0 Ditto (’>) 1 0 3 N.Z. Refrig..* JO/- paid (3) 0 9 10 Electro. Zine, pref. 1 13 1’3 Ditto (2)' *. 1 13 9 Mount Lyell’, cum div 1 Addi-sons Fiat, 1/- paid ........ 0 3 0 0 1 3Bell Hooper, 9d paid 0 0 IM Ditto 0 0 10 Bell Kllgour 0 1 New Cornish Point, 6d paid (4) 0 0 7 Nokomai 0 m Wetherstone 0 9 Sales reported— Goldsbrough Mort (2) 1 11 New Zealand Breweries, cum div. (2) 1 17 Ditto 1 17 4 Mount Lyell, cum div. 1 6 DUNEDIN. d Union Bank of Australia (2) .. p 15. 0 Bank of New Zealand J 10 Commercial Bank of Aus-t 0 16 11 Southland Frozen Meat, eontr. .. 1 12 0 N.Z. Breweries 1 .17 3 Nokomai (5) 0 3 0 Froshford 0 0 Nevis Diesel 0 0 11

c s d £ H J . -t 0 0 0 5 Ot Fund. Loan, 4. 19(10-90 no 15 0 0 2 Gt War Loan, 34, after 1952 100 5 0 same Conv. Loan, 31 p.e. . 100 15 0 0 5 Of Victory Bonds. 4 p.c. 109 10 0 same C’wcalth, 5, 1945-75 .. 110 10 0 same C’wealth, «. 1931-41.. 100 0 (1 same C’wcalth, 31937 ... 101 3 9 same Victoria, 3, 1929-49.. ’.12 r, 3 0 3 9t Victoria, 3} 1929-49.. 97 10 0 0 5 Of Victoria, 51, 193(1-40.. 102 0 0 0 12 •» l' Victoria, 5, 1932-42.. 101 2 6 0 2 I»’f Victoria, 4j, 1940-60.. 105 10 0 0 5 ‘ I * N.S.W., 3, 1935 100 10 0 0 2 li’f N.S.W.j 31. 1930-50 .. 97 10 0 0 3 9* Q’land, 5, 1940-110 .... 107 8 3 0 1 o i Q’land, 3, 1922-47 .... 92 12 6 0 7 11 • N.Z. 4|, 1948-58 .... 107 12 6 0 2 *»* N.Z., 3}, 1940 101 2 6 0 2 (it N.Z.’ 3,'1945 95 15 0 0 2 N.Z., 0, 1938-51 107 2 6 0 2 Ht S. Aust., 31. 1039 .... 101 0 0 0 5 * it S. Aust.. 3, 1916 or after 19 10 0 0 10 Of Tasm., 3*. 1920-40.... 101 0 0 same Tnsin.. 3, 1920-40 .... 98 0 0 sa me W. Aust., 31, 1020-35.. 101 0 0 same W. Aust., 3. 1915-35.. 100 0 0 same .tUigher. *Loiwex.