THE MONEY MARKET
liANK OF ENGLAND RETURN PUBLIC DEPOSITS INCREASE STEADY GOLD HOLDING LONDON, Oct, 20 Tho Bank of England return for tho week ended October 10 is as follows: ISSUE DEPARTMENT Notes Issued:—• (iovt. debt £ 1.1,000,000 In clrcu- Other (iovt. litlion £480,400,000 securities 188,800,(1(10 In bank- Other secuing dept. 40,000,000 ritles 200,000 ♦£'2oo,ooo,Odd Gold coin A bullion .'120,100,000 £520,100,000 £520,400,000 ♦Amount of fidiijjjary issue. BANKING DEPARTMENT Capital .. £14,500,000 (iovt. secuRest 3,100,000 ritles £101,000,000 Deposits— Advances Public . . 33,800,000 and other Bankers & securities 31,000,000 other ucb. 120,800,000 Notes . . 40,000,000 Gold and silver coin 1,400,000 £ 178,200,000 £ 178,200,000 The principal items of the above return compare an follows with those for last week, tho proportion of tho reserve being shown in tho last line:— Deposits— Oct. 12 Oct. 10 Public . . £28,300,000 £33,800,000 Bankers .. 04,000,000 1)0,Odd,000 Other Accounts 30,000,000 35,1)00,000 £ 150,800.000 £ 100,(100,000 Securities— Government .. 114,500,000 101,000,000 Advances, elc. 0,000.000 8,000,000 Other 21,000,000 23,000,000 Reserve 31,400,000 41,400,000 Note circulation -t00,100,000 480,400,000 Coin and bullion 327,h00,000 :!27,800,000 Proportion . 10.(i7 25.75 RATE OF DISCOUNT The Hunk of England rate of discount is 2 per cent, to which it was reduced on .Juno 30, 191)2, from 2< per cent. CONSOLS AND DOMINION STOCKS The following table gives quotations for consols and colonial inscribed stocks, comparod with thoso of October 13: — Price Variation £sd s d Consols ay t per cent . . 72 3 0 +3 » Fund. Loan, 4, 1080-00 108 16 3 +io a War Loan, 8%. 1052.. 100 10 3 +lO 3 Conver. Loan, 3%> 1001 0» Iff 0 +ls 0 Victory Bonds, 4 • • 107 8 t) +8 o Com'wealth, 6, 1045-75 105 1 3 -11 3 Com'wealth, 4, 1043-48 00 15 0 -2 (I Com'wealth, 3%, 1048-53 07 15 O -Id d Com'wealth, 3%, 1050-01 hh 17 (i -5 o Com'wealth, 3, 1055-58 85 15 0 -id o N.S.W., 3%, 1030-50 . . 01 5 d -5 d Victorian, 'J, 1020-10 . . 01 17 fi +2O d Victorian, 4%, 1010-00 101 I<> o S;ime .Victorian, 5, 1015-75 .. 105 d O +5 () Queensland, 3, 1022-17 03 5 o -2 (i Queensland, 5, 1040-00 10l (I :» +1 :i S. Aust., 3, 1010 or after 74 5 o -5 () S. Aust., 5, 1045-75 .. 101 17 0 -7 (1 W. Aust., 4, 10-12-02 . . 00 10 0 -5 d Tasmania, 3Vi, 1020-40 101 0 0 Same Tasmania, 4, 11)40-50.. 100 0 o -5 () N.Z., 4%, 1048-58 .. 00 d O -12 <> NX, 3%, 1010 00 8 0 +8 0 N.Z.. 3, 1045 . . 02 11 3 +ll 3
FOREIGN EXCHANGES STERLING STRONGER AGAIN British Wireless lIUOBY, Oct. 'JO The following rates on foreign exchanges are current, compared with the call led quotations yesterday and par:— Oct. Oct. 10 Par Montreal, dot. . . 4.H1 4,82% -1.800 New York, dol. 4.70% 4.77% 4.80 Paris, fr. .. 178' Vi„ 178"/,„ 170.00 Brussels, belga.. 2H.1 I'/, 28,20 35.00 Geneva, fr. .. 20.05 21.01 25.22 Amsterdam, gr. 8.7.T/j 8.77% 12.10 Milan, lire .. HO 4 /,. 00% 02.00 Berlin, r.m. .. 11.88 n.00% 20.4;$ Stockholm, kr... 10.41 10.41 18.150 Copenhagen, kr. 22.40 22.40 18. 1 .*»!> Oslo, kr. 10.00 10.00 18.150 Vienna, neb. t 4 .14.585 Prague, kr. . 138 Vi I.W; 101.2.") Helsingfors, mark 22H% 220% 10.'!.2.1 Madrid, pes. ♦ t 25,221 Lisbon, escu. 110 110 110 Athens, dr. . . 547 V, 547% .175,00 Bucharest, lei... («K> 000 813.0 Ilio de Janeiro, m. .id* .id* 5.800 d Buenos Aires, pes, 10.01% 10.02 V? 11.45 Montevideo, dol. 10% d I 51d Bombay, rupee. 17d 17d IBd Shanghai, d 01... Bdt Hd+ Hongkong, dol. 14"/ l ed 14"/ lB d Yokohama, yen I4d lld 24.58 d Batavia, gr. 8.74% 8.75% 12.10 . Belgrade, din... 211 212 270.31 Warsaw, zloty . . 23.37 25.(5% 43.38 ♦Nominal tNot quoted 'Sellers
NEW ZEALAND QUOTATIONb TJio Associntod Banks (otlier than the Bank of New South Wales) quoted the following dollar rates yesterday, on n Now Zealand currency basis, subject to alteration without notice:—i Selling: United States Canada T.T. .. 3.7K'/ 18 3.82'/ a On demand 3.78 s /,, 3.8'2 3 /< Buying: On demand . . 3.88% 3.88%,, Following are the latest rates for purchases and sales of foreign exchange quoted by the Bank of New South Wales, Auckland. They are subject to alteration without notice; — To £1 N.Z T.T. On Demand Currency Selling Buying Sellinu U.S.A., dol. 3.7021 3.8327 3.7034 Canada, dol. . . 3.8373 3.8805 3.8384 Belgium, belga 22.305 22.780 22.400 Czccho'vakia, cr. 100.50 Denmark, kr. . 17.821 18.101 17.823 Finland, Fin. niH. 178.01 185.11 170.01 Franco, fr. .. 142.03 Germany, ran. . 0.437 Greece, drachmae 428.08 Holland, fl. . . 0.043 7.133 0.045 Italy, lire .. 72.103 Java. fl. . 0.020 7.110 0.022 Norway, kr. .. 15.328 10.178 15.831 Noumea, fr. .. 140.28 Papeete, fr. .. 110.43 Sweden, kr. ~ 15.441 15.700 15.444 Switzerland, fr. 10.(177 17.052 10.070 N.Z. pence to — Chofoo, do). t Nominal Hongkong, dol. 18 55-04 18 20-04 18 55-04 India, rupee .. 22 33-01 22 13-04 22 33-04 Ceylon, rupee . 22 33-04 '22 13-04 22 33-04 Jaiian, yen lT s / 0 Manila, peso . Nomina Shanghai, dol Nominal Singapore, dol. 35 7-04 34 17-32 35 7-01 The cost in New Zealand currency of the pound sterling, and of the principal overseas units, on the latest quotations, is as follows: — Present Price Par s d s d London, pound 25 0.00 20 0.00 Australia, pound 10 11.88 20 0.00 Fiji, pound .. 22 5.00 20 0.00 New 'Sork, dollar .. 5 2.02 4 1.31 Montreal, dollar .. 5 2.37 4 1.31 Paris, franc, . .. 0 108 0 1.31 Berlin, reichsmark .. 2 1.25 0 11 w I Copenhagen, krono .. 1 1.30 1 1.22 YoKohania. yen . . l 5.50 2 0.58 CUSTOMS EXCHANGE RATES Finally declared rates of exchange ruling at the date of departure of vessels named are shown in the iollowing table: Armadale. Cunada. dollars j.si Armadale, America, dollars . . • • 4.m Knimntn. Canada, dollars .. .. 1> ! Kaiinata, America, dollars .. .. 4.80 Tollen, Canada, dollars .. •• 4,8.1 Tollen, America, dollars .. 4,.s'_ City of Lyons, America, dollars .. 4.75 City of Lyons, Canada, dollars .. 4.84 PRICES OF METALS - * LONDON MARKET EASIER LONDON, Oct. 20 Following are to-day's quotations on the London metal market compared witti those of yesterday: Oct. 20 Oct. 10 Per ton Per ton £ ti d C s d Copper, stan., spot 10 '2 (t 40 17 0 Copper, st,, 3 nios. 40 5 7% 47 I 1 D'/i Copper, electrolytic, 52 0 0 51 15 0 to i o 52 10 0 53 5 O Copper, elect., wiro bars .. 52 10 0 53 5 0 Lead, soft, spot. 10 0 3 1(1 10 o Lead, soft, forward 10 (i 10% 10 II 10% Speller, spot . . 15 0 3 15 ID O Spelter, forward . 15 8 1% 15 13 1% Till, slan., spot . . 208 17 0 210 17 (i Till, stan., 3 nios. 200 17 0 211 15 0 MOUNT LYELL SHARES LONDON, Oct. '2O On the mining market to-day Mount Lyell sold at 22s 9d.
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Bibliographic details
New Zealand Herald, Volume LXXV, Issue 23175, 22 October 1938, Page 9
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1,112THE MONEY MARKET New Zealand Herald, Volume LXXV, Issue 23175, 22 October 1938, Page 9
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