THE MONEY MARKET
BANK OF ENGLAND RETURN
SMALLER GOLD HOLDING
SHRINKAGE IN DEPOSITS
LONDON, Nov. 2 f I lie Bank of England return for the week ended November 1 is as follows: ISSUE DEPARTMENT Notes issued : Govt, debt £11.015.100 In circu- Other Govt. lation £372,197,304 securities 242,539,391 In bank- Other secuing dept. 78.249,GG7 rities .. 2.80G.390 Silver coin 3.G39.113 *£2G0,000,000 Gold coin & bullion 190.447,031 £450.447,031 £450,447,031 'Amount of fiduciary issue. BANKING DEPARTMENT Capital .. £14.553,000 Govt, secuRest .. 3,151,015 rities .. £77,020,905 Deposits— Advances, Public .. 7,541.285 £8.047,880 Bunkers, Other 5ecu£110,043,752 rities. Other acs.. £14.371,251 23,019.131 £43,700.783 154,350,535 Notes .. 78,249,067 Seven day, Gold and etc., bills silver coin 1,310.000 £179,000,363 £179,000,303 The principal items of the above return compare as follows with those of last week, the proportion of the reserve being shown in the last line: Deposits— Oct. 25 Nov. 1 Public .. .. £15.905,007 £7,541.285 Bankers .. .. 101,140,101 110,043,752 Other Accounts . 45,774,828 43,700,783 £105,825.990 £101,891,820 Securities— Government .. 77,985,905 77,020,905 Advances, etc. .. 8,501,030 8.G47.880 Other .. .. 14,500.917 14,371,251 Reserve . . .. 82,528,535 79,5G0,327 Note circulation .. 3G9.258.310 372.197,304 Coin and bullion 191,780.815 191,757,091 Proportion .. 49.70 49.10
SHORT LOANS AND BILLS The Bank of England rate of discount is 2 per cent., to which it was reduced on .June .'lO, 19132, from 2.J per cent. Short loans are quoted at J per cent, same as Inst week. The market rate of discount for best three months' bills is 15-16 per cent, as compared with J per cent last week. CONSOLS AND COLONIAL STOCKS The following table gives quotations for consols and colonial inscribed stocks, compared with those of October 26: Price Variation £sd n d Consols. 2J per cent . . 73 15 0 Same. Funding Loan, 4, 1900-90 111 15 0 15 Of War Loan, 31 . . . . 100 7 G 5 Ot Conversion Loan, 31 . . 100 12 0 2 0t Victory Bonds. 4 .. 110 10 0 10 0) Commonwealth, 5. 1915-75 110 8 9 1 3* Commonwealth, 0. 1931-41 101 8 9 1 3 + Com'wealth, 3J. 1930-37 . 101 5 0 1 3' Victorian, 3 1929-49 . . 93 0 (I 10 0* Victorian, 31, 1929-49 .. 98 11 3 1 3* Victorian. sj. 1930-40 . . 101 12 G 5 ()' Victorian, 5. 1932-12 . . 101 7 0 3 9' Victorinn, 4!. 1910-00 . . 105 0 0 15 0* New South Wales. 3. 1935 100 12 G 1 3* X.S.W., 3}, 1930-50 . . 98 12 0 Same. Queensland, 5. 1940-00 . . 107 7 0 2 0* Queensland. 3, 1922-47 .. 93 7 0 2 0* New Zealand, 41, 1948-58 108 0 0 2 0+ New Zealand. 3s, 1940 . . 101 7 0 3 9t New Zealand. 3, 1945 . . 95 12 G 12 ('.+ New Zealand. 0. 1930-51 107 11 3 1 31 South Australia, 31, 1939 101 5 0 5 ot S. Aus.. 3, 1010 or after 79 J8 9 2 Gt Tasmania. 3!. 1920-41 . . ]Ol 3 9 3 91 Tasmania, 3, 1920-10 . . 98 0 0 Same W. Australia. 31, 1929-35 / 100 17 0 2 Ot W. Australia, 3. 1915-35 . 100 10 0 Same. ITligher. 'Lower. FOREIGN EXCHANGES DOLLAR STILL FALLING The following rates on foreign exchanges are current, compared with the cabled quotations 011 November 1 and par: Nov. 2 Nov. 1 Par. Montreal, dol. .. 4.81% 4.85 4.800 New York, dol. . 4.82 4.785 4.800 Paris, fr. .. 79 13-32 79 27-32 124.21 Brussels, belgn .. 22.75 22.405 ,'15.00 Geneva, fr. .. 10.14 10.12 25.22 Amsterdam, fl. .. 7.705 7.75 12.10 Milan, lire .. 59 59% 92.40 Berlin, r.lll. .. 13.015 13.125 20.43 Stockholm, kr. .. 19.405 19.395 18.159 Copenhagen, kr. . 22.40 22.40 18.159 Oslo, kr. .. 19.90 19.90 18.159 Vienna, sch. .. 29 29 34.£85 Prague, kr. .. 104% 105.25 1 04.25 Helsingfors, mark 220.50 220.75 129.23 Madrid, pes. .. 37% 37% 25.221 Lisbon, escu. .. 103 104.50 110 Athens, dr. .. 500 570 375.00 Bucharest, lei. .. 530 532 50 813.0 RiodeJaneiro.mil. 4%d 4%d 5.899(1 Buenos Aires, dol. 44.50 d 44.25 d 47.019(1 Montevideo, dol. 37dt 30(11 51 d Bsmbny, rupee .. 18d 18d 18d Shanghai, dol. .. I£%d 15V,„d Honckong, dol. . 17.25 H 17% d Yokohama, yen . 14 7 / B d 14.50 d 24.58 d Ratavin. fl. 7.09 Belgrade, din. .. 231 232 270.31 Warsaw, zloty ~28 ■(Nominal.
NEW ZEALAND MONEY ABROAD Current dollar exchanges, as quoted by tho New Zealand banks, aro as under: TT • 1 , r,. 1 Buying Selling United States . . . . 4.83 4.08 Canada 4.95 4.75 Tho cost in New Zealand currency of tho pound sterling and of tho principal foreign units, on tho latest quotations, is as follows: — Present Price Par sd s d London, pound .. .. 24 11.58 20 0.00 Australia, pound . . . 20 0.00 20 0.00 New York, dollar . 5 2.1.3 4 1.31 Montreal, dollar . .. 5 1.78 4 1.31 Paris, franc . . . . 0 :},77 0 IDS Berlin. mark . . .. 1 11.04 1 11.74 Copenhagen, krone .. 1 1.38 1 1.22 Yokohama, yen . . . . 1 0.03 2 0.58 These valuations represent tho current, rates at which batiks sell drafts payable 011 demand. CUSTOMS EXCHANGE RATES Rates of exchange ruling at the announced dates of departure of tho ves> sels named aro shown in the following table. They arc subject to confirmation by the Customs Department when the exact time of departure is learned 011 arrival of the vessels in New Zealand, finally declared rates being marked*: Monterey, Canada, dollars . .. *4.80 Monterey, Hawaii, dollars . .. *4.('>4 Monterey, America, dollars . . *4.58 Brisbane Mnru, Japan, yen . . . 14 3.lGd Canadian Constructor. Canada, dol. 4.'st* Winton, America, dollars . . . . *4.73 Winton, Canada, dollars . . . . *4.75 City of Bedford, America, dollars 4.Gi;i Wairuna, America, dollars . . . 4.05} CALL AND DIVIDEND LIST Dividends— Due Dominion Pictures—final, pref., 3 p.c.; ord., (id a share . . . . Nov. 8 Claudfe Neon Lights—pref., G p.c. p.lv.; ord., 8 p.c. p.a. .. Nov, 8 Rharland iind Co.— final. 2} p.c. Nov. 9 Tattersfield, Lid.—s p.c. p.a. . . Nov. 10 N.Z. Paper Mills—-interim, 3 p.c. Nov. 10 Mosgiel Woollen—final. 4 p.c.: bonus, 2 p.c.; jubilee bonus, 7<i Od a share Nov. 14 Bycroft. Ltd.—interim, lid a share Nov. 15 Broken Bill Ply.—lialf-yearly. Is a share Nov. 15 Burns-Philp—interim, is a share Nov. 15 Nat. Insurance—final, 5d a share Nov. 20 Dalgety and Co.—final, 2) p.c, (English currency) . . . . Nov. 27 Wilsons Cement—interim, Gd a share Nov. 28 Nat. Bank A'asia—interim (£lO paid and £5 paid), 5 p.c. p.a. Nov. 29 Farmers' Trading—int., A and B pref.. 7 p.c. p.a. (less 20 p.c.) Nov. 30 Bruce Woollen—pref., 7 p.c. p.a.; old., 21 p.c. p.a Nov. Hefiry Jones Co-op.—final, 9d a share _. . Dec. 1 Aus. Glass—interim, pref., 4! p.c. ord.. 4 p.c. . . . Dec. 1 Imperial Chemical Industries, Ltd. (London) interim, 21 p.c. Dec. 1 Bank of N.Z.--interim,- D pref., *3! n.c.. ord . Is a share . . Dec. 0 North Broken Hill—ls a share; bonus (Id a share . . . . Dec. 12 Broken Hill South—ls a share . Dec. 15 Mt. Morgan-interim, first, 2s a share . Dec. 27 (VUs Kauri Timber—2J p.c. p.a. . . Dec. Nevis Diesel—filial, 3d, making Is paid . . , . . . . . Nov. 10
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Bibliographic details
New Zealand Herald, Volume LXX, Issue 21640, 4 November 1933, Page 7
Word Count
1,111THE MONEY MARKET New Zealand Herald, Volume LXX, Issue 21640, 4 November 1933, Page 7
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