MONEY AND MARKETS

Evening Star, Issue 20020, 10 November 1928, Page 4

MONEY AND MARKETS

BANK OF ENGLAND RETURN. Press Association—By Telegraph—CopyrightLONDON, November 8. The following is the Bank of England return ISSUE DEPARTMENT. Note cirenbtion /{133,933,000 Note in reserve - - - <10.558.000 £183,494,000 ttrZJT zzz::z*& Gold, coin, and bullion ... ... 103.744,000 £193,494,000 U INKING DEPARTMENT. ioCi ' l3pUal public .ijposhs::: g®® Other deposits Seven-day and other bills LOOP £133,017,000 mn s«urims rUK ''., Note in WOOD Gold and silver tout 1.-la.tUJ £135,017,000 The nroirartion ol reserves to liabilities is 43.90 per code. .Short loans ore quoted at 31 per cent., and thrcc-monili bills at 4j per cent. —Australian Press Association. LONDON - STOCK EXCHANGE. Press Association—By Telegraph-Copyright. LONDON, November 8. The following are the latest quotations for Government securities: —

FOREIGN EXCHANGES. Press Association-By Telegraph-Copyright. LONDON, November 8. Nov 6. Nov, 8.

METAL MARKET. Press Associatbn—By Telegraph—Copyright LONDON, November 8. Copper.-—Spot, £63 4s 4 id; forward, £63 3s lid. . . , Electrolytic.—Spot, £<o; forward, £76 ss. Wire bars, £75 os. , Lead.— Spot, £2l 7s 6d; forward, £2l 8s 9d. Speller.—Spot, £24 6s; forward, £2-1 la 3d. • Tin.— Spot, £231 2s 6d; forward, poor 6a 3d. Silver. —Standard, 26 11-lCd; fine, 28 13-16 d per oz.—Australian Tress Association. GENERAL MOTORS. A PROFITABLE CONCERN. NEW YORK, November 8. Tho directors of General Motors met after the Stock Exchange closed, and voted an extra stock dividend, smng tho stockholders two and a-halt shares each for each share now held. Ihey also declared an extra dividend of two and a-half dollars on common stocks. It is expected that now stock, in the two and a-half split up, ■will h© placed on a three dollars annual basis, which w ‘iU ho equivalent to seven and a-half dollars on the old stock. The directors aLo declared regular dividends on common stock of a dollar and a-quarter pe v. share, ami tho regular dividend on senior stock. Special meetings of the stockholders have been called for December 10 to consider the change m the par value of the stock, which is at present, twenty-five dollars.—*Australian Press Association.

Imperial Consols, 2-J p.c Kimding loan, 4 p.c.. 11100-1090 War loan 6 p.c., 11)29-17 (es interest) Conversion loan, 3J p.e Commonwealth (i p.c., 1991-41 ... ... /TM 15 89 5 101 10 77 15 301 17 0 0 0 0 c Commonwealth 5 p.c., IW.wO ... ... ... inn u 0 New Zealand 11 p.c., 1930-51 ... ... ... 308 0 0 New Zealand -1 p.c., 1929 ... ... 09 2 6 New Zealand US p.c., 1910 ... ... 88 18 9 New Zealand o p.c., .KKin »*. New Soutl? Wales (1! p.c., 1930-10 ... 8U U 102 12 0 6 New South Wales 0 p.c., ... ... J.UU in 0 New South Wales 5J p.c., 1930-11) ... ... ion Ji 9 New South Whales 4 p.c., 1933 _ ... ... 91 30 0 New South Wales 31 p.c,, 1930-aO ... So 15 0 New South Wales 3 p.c., 19ao Victoria 5} p.c., 1930-10 ... ... ... ... 77 12 100 6 6 3 Victoria a p.c., 1932-12 ... ... ... .. 97 17 (1 Victoria 4J p.c., 1910-00 ... ... 94 17 0 Victoria 31 p.c. 1929-19 ... ... a 0 Victoria S p.c., 1929-40 Queensland l> p.c., 1930-1(1 ... 101 15 G 0 6 6 Queensland 3J p.c., 1930 ... ... South Au.-tralia 01 p.c., 1930-40 ... ... 97 12 103 12 South Australia 31 p.c., 1939 ... ... ... OJ a 0 South Australia 3 p.c., or alter ... nj. in 0 W’est Australia G p.c.. 1930-40 ... ... iirj 6 9 West Australia 3J p.c., 1920-33 West Australia 3 p.c.. ]H1o-3.j ... ... ... 89 0 0 ... ... 86 0 0 Tasmania GJ p.c., 1930-10 ... ... m ir> 0 Tasmania 3J p.c., 1920-10 ... ... 86 12 i) Tasmania 3 p.c., 1920-10 ... ... b'i o 0 Australian Press Association-United Service.

Nuiv York, dollar to ,£1 -1.84 29-3! I 4.84 13-1C 1’atis, franc to £1 ... 121.11 124.0.1 Brussels, belgas to £1 34.89 34.8!) Geneva, franc to £1 25.31 2.) .*20 Amsterdam, florins to .£1 ... ;i 2.(is; 12.08J Milan, lire to g.,1 9—.GO 92.00 Berlin, rcicbmarken to £1 ... 20.31! 20,3.1 Stockholm, kroner to £1 ... IS.lt 18.14 Copenhagen, kroner to £1 ... Oslo, kroner to ;£1 18.19 18.19 18.1!) 18.19 Veinna, schilling to £1 34.47.1 $4 . 1 5 Prague, kroner to £i 103£i«3; Helsingfors, marks to £1 ... 102; m2; .Madrid, peseta to /,! 30.071 30.071 Lisbon, escudo to £1 107 J 107 J Alliens, drachmae to £1 m 375 Bucharest, lei to HOl-t Rio de Janicro, pence to milreis .129 1-32 539 1-32 Beunos Aires, pence to dollar Bombay, rupee 47-i 1.0 3-32 47-i 1.0 3-32 Shanghai, tael “h LU 2.0-} ■4.811 Yokohama, yen ~ Hongkong, dollar ... Montreal, dollar to ;£.! 2.0; •4.85}