MONEY MARKET.

Star (Christchurch), Volume LXVI, Issue 20362, 20 July 1934, Page 9

MONEY MARKET.

Consols and Stocks on the London Exchange. GOVKItXII KN T KECUK I TICS. (Received July 20. 11 a.m.) LONDON, July 19. The lollowing are the latest quotations for Government secivities. com-

Bank of England Weekly Returns. (Received July 20, 1 1. a.m.) LONDON. July 19. Returns of the Bank of England for the week ended July 3 8 are as follows: Gold and silver coin, £195.044,664, compared with £194,985,366 a week ago, and £193,339.430 a year ago. The reserve in notes and coin is £68,289,949, compared with £67,528.918 last week, and £73,606.193 last year. Tire proportion of reserves to liabilities is 44.a0, compared with 4 4.70 a week ogo, and 43.10 a year ago. The circulation is £383.888,618, compared with £384,625,934 last week. ZBBue Department. Notes issued— £ In circulation 383,888,618 In banking department . . 67.691,379 £451,579,997 Government Debt 11,015,100 Other Government Securities 245,105,657 Other Securities 414,576 Silver Coin 3,464,667 Fiduciary Issue 260,000,000 Gold Coin and Bullion .... 191,579,997 £451,579,997 Banking Department. Capital 14.553,000 Rest 3,529,227 Public Deposits 20,644,473 i Other Deposits— Bankers 96,881,478 Other Accounts 35.509.434 Seven-day and other Bills . . 6,415 £171,424,027 Govt. Securities 83,157,071 Other Securities— Discounts and Advances . 7,462,713 Securities 12,484,294 Notes 67,691,379 Gold and Silver Coin 595.570 £171,424,027 Money Market. The Bank of England rate of discount is 2 per cent (June 2 9-32). Short loans are quoted at 5 per cent, as against a per cent unchanged from last week, and the market rate of discount for the best thre’e-month bill i s a per cent, as against i per cent unchanged from a week ago.

pared with the prices ruling: lu'st week: July 19. July 12. Uriti 1 £ s. d. £ s. d. Consols, 21 p.c. .. 80 11 3 SO 10 0 Fi-adod, 4 p.c., 1 960-90 115 5 0115 5 0 War, 3i p.c., 19294 7 104 2 G 104 5 0 Conversion. 31 p.c. 104 17 6 104 17 6 Victory bonds, 4 P.c 113 2 6113 5 0 Commonwealth— 5 p.c., 1945-75 .. 104 1 3 108 0 0 6 p.c., 1931-41 .... 100 G 3 100 2 G 3! p.c., 1936-37 .. 101 16 3 101 12 G New Zealand — 41 p.c.. 1 9 4 8-5 S .. 103 7 fi 108 5 0 3i p.c.. 1910 .... 101 2 6 101 0 0 3 p.c., 1945 98 1 3 9 7 IS 9 6 p.c., 1936-51 .. 105 13 9 105 15 0 Victoria— 3 p.c., 1939-49 .. 93 6 3 93 7 G 3i p.c., 1929-49 .. 99 7 6 99 6 3 42 P.c., 1940-60 .. 104 0 0 104 0 0 New South Wales— 3 p.c., 1935 101 17 6 101 11 3 3S p.c.. 1!I30-5U . . 97 7 6 97 7 6 Queensland — 5 p.c., 1940-60 .. 106 17 6 106 11 3 3 p.c., 1922-4 7 .. 9 4 1 3 94 2 6 South Australia— 31 p.c., 1939 .... 101 0 0 100 18 9 3 p.c., 1916 or after 83 15 0 83 15 0 Tasmania— 35 p.c.. 1920-40 .. 100 17 6 100 17 6 3 p.c.. 1920-40 .... 98 11 3 98 0 0 Western Australia— 3 5 p.c., 1920-35 . . 101 15 0 101 32 6 3'p.c., 1915-35 101 3 9 101 3 9 Shares — P. and O. Deferred 0 16 03 0 17 0 Mount T.yell .... 0 16 .5 Bulolo - New Guinea. .... 0 5 S 0 o 10 -