THE MONEY MARKET

Dominion, Volume 28, Issue 287, 31 August 1935, Page 12

THE MONEY MARKET

Bank of England Return INCREASE IN RESERVE By Telegraph.—Press Assu.—Copyright. London, August 29. The Bank of England return for the week ended August 28 is ns follows: — Issue Department.

The movements in deposits are due to the Government’s interest disbursements. Short Loans and Bills. The Bank of England rate of discount is 2 per cento, to whictf it was reduced on June 30, 1932, from 2J per cent. Short loans are quoted at 3 per cent., same as last week. The market rate of discount for best three months' bills is 19.32 per cent., the same as last week. Base Metals Market By Telegraph.—Press Assu.—Copyright (Received August 30, 8.35 p.m.) London. August 29. The official London (middle) quotations for Thursday, as reported by the Australian Mines and Meta's Association, com pare with those previously cabled as fol-

Talisman Dubbo Dividend Talisman Dubho Gold Mines Ltd. yesterday advised the Wellington Stock Exchange that the directors had declared an interim dividend of sixpence per share, payable on September 20. N.Z. Pound Abroad Based on the figures quoted by the Bank of New South Wales, the New Zealand pound, compared with its original par value, is equivalent to approximately: 16G in London. £l/0/1 in Australia. 16/44 in U.S.A. 16/51 in Canada. 9/71 in France. 10/45 in Italy. . 9/6 in Germany. 9/6:1 in Java. £l/7/54 in Japan.

£ mJ Notes issued: Govt. debt. 11,015,100 In ci reuOther Govt lotion 399,504,047 securities 246,605,398 In bankOther se841,522 Ing dept. 53,700.127 entities Silver coin 1.537,980 *£200,000,000 Gold coin & bullion 193.354,774 £453,351,774 r 453,354,7 <4 ♦Amount of llduclary issue. Bunking Department. .w Capital J 4.533,000 Govt, se81,274,999 Rest 3.087,403 entitles Deposits: Dlscts., ad 12,934,587 Public 9.359.708 vances Bankers 90,935,098 Other se12,200,549 Other a/cs. 36,453,840 cunties Notes Gold & nil53,790,127 ver coin 728,787 £100,989,049 £100,989,049 Proportion of reserve to liabilities, 38.10 per cent., compared last week. with 36.40 per cent. Tim principal item s of the above return compare as follow with t h os of last week: — Aug. 21. Aug. 28. Deposits: £ £ Public 15,902.035 9,359,708 Bankers 93,897.881 90,935,098 Other accounts . 30,899,953 30,453,840 £• 140,699,809 A 142,748,640 Securities: Government 83,489,999 81,274,999 Discts., advances 12,051,832 12,934.587 Other securities . 15,001,804 12.260.549 Reserve 53,408,951 54,518,914 Note circulation... 400,440.360 399,564,647 Gold coin & bullion 193,251,510 193,354,774

low Aug. 28. Per ton. Aug. 29. Per ton. Copper— € s. d £ s. d. Standard, spot. . .. 33 4 ■D 33 3 H Ditto, forward .. 33 1t 10J 33 10 7* Electrolytic .. 30 15 0 30 10 0 to 37 5 0 37 0 0 Wire bars .. 37 5 0 37 0 0 !,pnd Spot «... .. id o 0 15 15 o Forward •••••« .. Ki 0 0 15 15 0 Spelter■Spot .«... .. 15 8 9 15 11 3 Forward »...«•. .. 15 13 9 15 13 9 TinSpot .. 220 15 0 221 7 0 Forward .. ‘210 12 G ‘211 12 G Silver— Standard, per oz. . 2l)d. 2t)d. Fine 31 5-lGd.