THE MONEY MARKET.

New Zealand Herald, Volume LXVII, Issue 20722, 15 November 1930, Page 7

THE MONEY MARKET.

BANK OF ENGLAND RETURN. GOLD RESERVE LOWER. MARKET RATE RAISED. (Received November 14, 5.5 p.m.) LONDON, Nov. 13. Tho Bank of England return for the week ended November 12 is as follows: ISSUE DEPARTMENT. Notes issued Govt, debt £11,015,100 In circu- Other Govt. lation £355,380,909 securities 233,044,606 In bnnl<- Other secuing dept. 63,539,501 rities .. 11,477.302 Silver coin 4,462,932 *£200,000,000 Gold coin & bullion 158.920,413 £418,920,413 £418,920,413 "Amount of fiduciary issue. BANKING DEPARTMENT. Capital .. £14,553,000 Govt, secuRest .. 3,158,359 rities .. £36,726,217 Deposits— Advunces, Public .. 10,978,509 £4,287,804 Bankers, Other 5ecu£60,321,291 rities, Other acs., £22,449,204 26,737,008 £33,150,138 93,471,429 Notes .. 63,539,501 Seven duy, Gold and etc., bills 1,585 silver coin 1,160,123 £128,162,882 £128,162,882 The principal items of tho above return compare as follows with those for last week, the proportion of the reserve being shown in tho last lino: — November 5. November 12. DepositsPublic .. £19,377,205 £16,978,509 Bankers . 55,532,565 60,321,291 Other accounts 34,514,530 33,150,138 £109,424,300 £110,449,938 Securities— Government .. 35,091,247 36,72ft,247 Advances, etc. 4,459,233 4,287,804 Other .. .. 22,486,519 22,449,204 Reservo .. .. 65,078,505 64,699,52? Note circulation 356,163,738 355,380,909 •Coin and bullion 161,542.243 160,080,536 Proportion .. 59.40 58.50 •November 13, 1929. £132,771,032. 1930: Maximum, May 7, £164,502,391; minimum, January ], £140,115,719. SHORT LOANS AND BILLS. Tho Bank of England rate of discount is 3 per cent., to which it was reduced on May 1 from 3£ per cent. Short loans are quoted at 2 per cent., compared with 1J per cent., last week. The market rate of discount for best three months' bills is 2- s per cent., as compared with 2 1-16 per cent, last week. CONSOLS AND COLONIAL STOCKS. The following table gives quotations for consols and colonial inscribed stocks, compared with those of November 6:— Price. Variation. £ b. d. s. d. Consols, 2J per cent. . . 53 15 0 5 0* Funding Loan, 4, 1960-90 95 5 0 2 6t War Loan, 5. 1929-47 . . 102 10 0 Same. Conversion Loan, . . 82 5 0 5 0* Victory Bonds. 4 . . 95 15 0 Same. Com'wealth, 5, 1945-75 84 0 0 75 01 Com'wealth, 6, 1931-41 93 10 0 47 6t Victorian, 3, 1929-49 .. 60 0 0 30 0* Victorian, 3i. 1929-49 . . 63 5 0 100 Ot Victorian, Si, 1930-40 . . 87 0 0 10 Ot Victorian, 5, 1932-42 . . 80 10 0 80 0+ Victorian, 45 1940-60 . . 75 10 0 40 0* N.S.W., 4, 1933 . . . . 88 10 0 10 0+ N.S.W., 3, 1935 . . . . 79 10 0 10 01 N.S.W., 3}, 1930-50 . . 59 5 0 25 0+ N.S.W., s}, 1922-32 . . 93 2 f, 22 6+ N.S.W., 6J, 1930-40 . . 94 0 0 65 0+ N.S.W., 6. 1930-40 . . 88 0 0 10 0* Queensland, 5. 1940-60 . . 79 10 0 80 01 Queensland. 3, 1922-47 . . 60 5 0 25 0+ Queensland, 6, 1930-40 . . 92 0 0 60 01 New Zealand, 41, 1918-58 98 2 6 2 6t New Zealand, 3. 1940 . . 90 12 R fi 3+ New Zealand, 6, 1936-51 106 2 6 5 0+ S. Australia. 31, 1939 . . 78 0 0 20 6* S. Australia. 3. 1916. or after « 51 10 0 10 0t S. Australia, 6}, 1930-40 . . 94 7 6 57 6+ Tasmania, 31, 1920-40 . . 78 10 0 10 0* Tasmania, 3, 1920-40 . . 76 0 0 Same. Tasmania, 6}, 1930-40 . . 96 10 0 20 01 W. Australia, 31. 1929-35 80 10 0 17 6* W. Australia, 3, 1915-35 79 10 0 10 0* W. Australia, 6, 1930-40 91 15 0 40 01 IHigher. 'Lower. NEW YORK CALL MONEY. NEW YORK. Nov. 13. Call money was at 2 per cent, all day. THE CITY MARKETS. YESTERDAY'S AUCTIONS. MORE STRAWBERRIES OFFERING. Most varieties of fruit mot with a steady demand in the City Markets yesterday. Large quantities of Fijian tomatoes came forward, and values for hothouse tomatoes eased as a result. Lemons met with a dull sale. Increased quantities of gooseberries found an easier market. Strawberries w<jre also offered in increased quantities. Ripe bananas met with a better demand. Canadian apples found a dull market. Heavy supplies of most varieties* of green vegetables came forward to the field and garden produce section. Kumaras were a little easier. Prices in the poultry section showed little change. There was a keen demand for good quality birds. Prices were as follows: FRUIT. Applea, Delicious, 3s to 8s 6d ft case; Sturmers, fis to 9s; Doughertys, 3s to ss: Canadian Jonathan, 14s to 15s; Mcintosh Bed, 14s to 15s: Grimes Golden, 14s to 158; pears, P. Barry, repacks, 7s to 9s a case; Nellis, 9s to 14s; tomatoes, hothouse, choice, No. l's, Is 2d to Is 4d lb; seconds and medium, 9d to Is lb; Fiji, 14s to 16s a caso; Strawberries, Capt. Cook, 2s to 3s 2d a chip; Holenslea Surprise, la 3d to 2s; Marguerites, 9d to 2s 4d; lemons, choice, 7s to 10s a case; others, 4s to 6s; oranges, Valencias. lis to 15a a case; gooseberries, 6s to 7s 5d a caso; grapes, Red Emperors, 26s a barrel; pines, Fiii, 9s to 10s a caso; bananas, No. 1, repacks. 2ts to 23s a case: seconds and mediums, 12h to . 18s; grapefruit, local, 4b to 5s a case. VEGETABLES. Potatoes, new, 3s 3d to 5s a hag; onions, Cnlifornian, 28s to 29s a crate; kumaras. Island, new shipment, 9s to 9s 6d a cwt; Tauranga, 8s to 10s; cabbage, 2s to 6s a sack; cauliflower, la to 3s a sack; swedes, 2s to 2s 6d a bag; pumpkins, 18s to 22s a cwt; green peas, 3{d to ljd a lb; beans, hothouse, 9d to Is 3d a lb; broadbeans, 2d to 3d lb; lettuce. Is 6d to 4s a case: cucumbers, hothouse, 4s to 7s a doz.: outdoor, Sydney, 25s a case; vegetable marrows, new season's, Od to lOd each; water melons, 2a to 4s each: cabbago, on benches, 1s to Is 6d doz.; cauliflower, on benches, 6d to Is 6d a doz.; celery, Is a bundle; rhubarb. 2s 6d to 4s 6d doz.; spinach. 9d to Is 3d a doz.; pumpkins. 011 benches,_ Is fid to 3s fid each; radish, Is a doz.; spring onions, 5d to Is a bundle; carrots, parsnips, beet and turnips, Is 3d to Is 9d a doz.; asparagus, fid to Is a bundle; leeks. 3d to fid a bundle. POULTRY. Ducks, young, 4s fid to 5s 6d each; old, 2s 6d to 3s-6d: geese, 5s to 6s; turkey hens, 6s 6d to 9s; gobblers, 10s to 18s 6d; cockerel chicks, heavy breeds, 9d to 2s fid; light breeds, 3d to 2s; day-old chicks, 8.0., 6d to 9d; guinea fowls, 4s to 6s; ducklings, Is to Is 6d; cockerels, heavy breeds, prime, 6s to 8s; not prime. 4s up: light breeds, prime, 4s to 6s 6d; not prime. 3s 6d up: fat roosters, heavy breeds, prime, 2s fid to 3s 6d: light breeds, la 6d to 2s 0d; fat hens, heavy, 3s 6d to 4s 6d; light, 2s fid to 3s 6d; drakes, young, prime, 4s to 5s 3d; smaller, 2s 6d up; old, 2s Sd to 3s 6d. DAIRY PRODUCE. Hen eggs, special grade. Is 5d a doz.; A grade, Is 4d; B grade, Is 3d: C grade, Is 2d. Duck eggs, special grade. Is 4d a doz.; A grade, Is 3d; B grade. Is 2d; C grade, Is Id. Farmers' butter, 8d -to 9d a lb. AUSTRALIAN EGGS. RECORD EXPORT SEASON. As tho result of tho support of producers and tho co-operation of exporters this season will bo a record one in the shipment of Australian eggs to London. Shipments to October 31 include 32,110 cases, containing 11,559,600 eggs, while exporters have booked for November for export 19,500 cases, containing 7,020,000 eggs. Tho value of the eggs delivered in London for the 51,610 cases will he £107,381.