THE MONEY MARKET

Sun (Auckland), Volume IV, Issue 1076, 13 September 1930, Page 11

THE MONEY MARKET

BANK OF ENGLAND WEEKLY RETURN Heed. 1.5 p.m. LONDON, Thursday. The Bank of England weekly return Is as follows: Issue Department Notes in circulation .. .. £361,326,291 In banking department . . 51,219,331 Total £415,545,522 Government debt £11,015,100 Other Government securities 232,895,119 Other securities 11,628,532 Silver coin 4,461,249 fiduciary issue 260,000,000 Gold coin and bullion .. 155,545,822 Total £415,545,822 Banking Department Proprietors’ capital £14,553,000 Host 3,697,795 Public deposits .. . .. .. 9,013,456 Other deposits, bankers .. 67,166,323 Other accounts 34,136,908 Seven-day and other bills 2^306 Total £128,569,788 Government securities .. .. £45,911,247 Other securities, discount advances 5,769 099 Securities 21 641 382 Notes 54)219*531 Gold and silver coin .. .. 1.027)929 Total £128,569,758 The principal items of the above return compare as follows with those for last week, the proportion of the reserve being shown in the last line:— Deposits— Sept. 3, Sept lu Public £7,917.302 £9,01.7 *56 Bankers 67,427,71 1 67.166:323 Other accounts 34,616,437 34,136,908 „ , . £109,961,453 £110,316,687 Securities— Government .. 47,881,247 45,911,247 Advances, etc. 6,229,394 5,769 699 Other 21,559,224 21,641,382 Reserve .. 52,539.027 55,247,460 Note circulation . 362,982,501 361 326 291 •Coin and bullion 155,521,528 156.573A51 Proportion .. .. 47.70 50.00 •September 11, 1929, £137.392,581. 1930: Maximum, May 7. £164,502,391; minimum January 1, £146,115,719. Short Loans and Bills The 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., same as last week. The market rate of discount for best three months’ bills is 2 1-8 per cent., as compared with 2 1-16 per cent, last week. FOREIGN EXCHANGES The following rates on foreign exchanges are current todaj-, compared with the cabled quotations on September 9 and par:— Sept. 11 Sept. S Par. Montreal, dol. . . 4.85 19-32 4.858 4 866 N>w York, dol. . 4.86$ 4.86 11-32 4.866 Paris, fr 123.825 123.865 124.21 Brussels, belga . 34.86 34.855 35 00 Geneva, fr 25.055 25.055 25 22 Amsterdam, fl. .. 12.07? 12.073 I*'lo Rome, lire . . . . 92.85 92.85 92 46 Berlin, r.m 20.415 20M1 20 43 Stockholm, kr. .. 15.095 15.095 18 159 Oslo, kr 18.17 IS. 16 IS 159 Copenhagen, kr. . 18.16 15.17 IS 159 Vienna, sch 34.435 34.435 34 585 Prague, kr 1630 1633 24 02 Helsingfors, m. .. 190| 193 3-16 192 23 Madrid, pes 44.45 44.145 25 225 Lisbon, escu. .. 108.25 108.25 11“ Athens, dr 375 375 375.00 Bukarest, lei. . . 815 814 25.225 R. de Janeiro, mil. 5 4 15-16 Buen. Ayres, dol. 41& 40 9-16 47 57d Montevideo. dol. 4l| 404 51 d Calcutta, rupee . Shanghai, tael .. 19$ 19$ llong-Kong, dol. . 158 15 11-16 Yokohama, yen. . 25 23-32 24 13-32 24.58 d Batavia, fl COLONIAL STOCKS The following table gives quotations for consols and colonial inscribed stocks compared with those of September 4 Vana-

WHEAT AND FLOUR LONDON, Thursday. Wheat.—Cargoes were steady today but closed 3d lower. Parcels closed quite 3d lower. Futures.—London: September, 30s 2d a quarter; December, 30s 7d. Liverpool: October. 6s 8 5-8 d a cental; December, 6s 73d; March, 6s Bd. Spot trade slow. Australian, ex ship, 33s 9d. Four, —Steady. Australian, ex store, 26s 9d. Oats. —Quiet. Australian and Algerian, 14s 6d to 15s 6d; A. Gartons, 18s to 19s. Peas. —Blue, dull; Tasmanian, 220 s to 2405; New Zealand, 200 s to 2205. Maples.—Better demand. Tasmanian. 60s to 675; New Zealand, 55s to 60s. Beans. —New Zealand, 37s to 38s. Beet Sugar.—October, 4s 6d.

Price £ Consois, 2J per cent. . . 55 2 6 Fund. Loan, 4. 1960-90 92 War Loan, 5, 1929-47 . Conversion Loan, Si 78 0 Victory Bonds, 4 . . 95 Com’wealth. 5, 1945-75 . 89 Com’wealth, 6. 1931-41 97 Victorian, 3, 1929-49 . . 64 10 Victoria. 3i, 1929-49 .. 68 Victorian, 55, 1930-40 .. 95 Victorian, 5, 1932-42 . . SS 0 0 "Victorian, 4ij, 1940-60 .. 83 10 0 N.S.W., 4, 1933 94 0 0 N.S.W., S, 1935 85 N.S.W., 35, 1930-50 67 6 7 N.S.W., 52, 1922-32 98 17 N.S’.W., 6i, 1930-40 .. .. 98 N.S.W., 6, 1930-40 .. .. 10 Queensland, 5, 1940-60 .. 86 18 9 18 Queensland, 3, 1922-47 . 64 JO 0 0* Queensland, 6, 1930-40 .. 97 0 0 15 New Zealand, 4.}, 1948-58 94 New Zealand, 35, 1940 . . 89 6 3 New Zealand, 3. 1945 .. 80 6 New Zealand, G, 1936-51 104 17 6 S. Australia, 35, 1939 .. 82 0 0 £4. Aust., 3, 1916. or after 50 17 6 V> S. Aust.. 65, 1930-40 .. 98 0 Tasmania, 35, 1920-40 . . SI 12 6 7 6* Tasmania. 3, 1920-40 . . 79 10 0 10 Tasmania, 65, 1930-40 .. 99 15 0 10 Of "W. Aust., 35, 1929-35 .. 89 W. Aust., 3, 1915-35 .. 89 0 0 Sa V. Aust., 6, 1930-40 .. 97 0 t Higher. * Lower.