LATE COMMERCIAL

Dominion, Volume 13, Issue 162, 5 April 1920, Page 5

LATE COMMERCIAL

—$ , . BANK OP ENGIM.N.D RETURNS. Austrßlian-New Zea.la.nd Cable Association '. v (Roc. April, 4, 5.5 p.m.) ' : Londoni April 1. Tho Bank of England returns for the week ended MarA 31 are as'follow:— Issue Department. Notes issued f105.207.000 Gov. debt... £ 11,015,000 Other fiocuriNoteß in ' ■ ties 7,434,000 reier?* 21,625.000 Gold • 111,617.000 £180.006,000 i-130.006.000 Eanbino Department. ■Proprietors' Gov. securicunltal ...£14,553,000 ties ... £20,412.000 Public de- Other securlposits ... 36.24H.d00 . ties 100,524,000 Other de- ■■ , . : posits - 100,022.000 Notes in Rest, 7-day vesorve •» 21,625,000 and other . . Coin in bil)3 ... 3.561.000 reserve ... 526,000 £165,287,000 £155,267.000 The lending items of ihe Bank of England return afford the following comparison:— Tills week tat week Last year £ £ £ Bnllion 111647.000 115,210.000 83,404,000 Reserve - 25.331.n00 33.0fi7.000 28,215,000 Note Circulation 105,271.000 101:137.000 75.161.000 Public Deposits .36.248.000 19.763,00.1 32,700.000 Other Deposits 100,022.000 131.757.000 123,302-000 Proportion of raorveato ' liabilities 18,40 21.84 18.10 GOVERNMENT SECURITIES. The improvement of the French rate of exchange has caused a slightly better tone on tho Stock Exchanso,- but colonial and other gilt-edged stocks are feeling, the effect of tho industrial loau Dotations, which are; offering high interest. Following are latest, quotations for Imperial and Colonial, Government securities-.

„. . This Last , stooU Week . Week H% Imperial Consols f '*■ A ff > a -f 6 „ War Loau -; "go *' u . ° 31,. War Loan ' f. § ° f. ° ° 5J „ Aus.-Oommonw'th « ' » g I ° ° 5J „ Aus.-Commonw'th "J " J «J » " i „N.a.\V.lS33Jan-Julj ? q S §7 S „ Ji fb M-8.W.1930-50Ja-Jy U,S „ ii ,S X J ,?N.8.W.1555Ap1.-OBt S? 0" 0 61 0 0 4 „ Vic. 1920 Jan-July |i ,S 6 08 10 0 31„Vic.192M9Ap1.-Oct Sin 0 S3 n n Zi , Vic. 1921-6 Jan-Jly 2 1 .S 3 „ Vie. 1929-49 Jan.-Jul f| g q 62 0 0 3J„S.A.I9I6Jaii.-July 67 10 0 6610 0 3 „ S.A, 1916 Jau.-July 6 0 0 0 50 10 0 4 „QTd 1915-24Jan.-Jly s8 5 0 68,-0 0 3i.„QTd1922-47J0n.-Jly 54 0 0 65 X 0 0 31 „ Q'l'd 1930-50 Mar-AU| j.j 0 0 84 0 0 3 „ Q't'd 1922-47 Jau.-Jlj 54 15 0 66 2 0 4 „ N.Z. 1929 May-Nov. 81 15 0 81 0 0 35 „ N.Z. 1912-40 Jan.-Jly CO 15 0 H 00 5 „ N.Z, 1920 April-Oot. 57 6'o 66 17 6 31 „ W.A. 1915-35 My-Nv 72 10 0 72 10 0 0 „ W\A. 1915-35 My-Nor 60 10 0 69 10 0 31 „ Tas. 1920 Jan-July 66 0 0 66 10 0 3 ~Ta» 1920-40 Jan.-Jul; 65 U 0 65 0 0

MONEY MARKET. ' . The Bank of England discount rate, which hud stood at 5 per cent, since April &, 1917, on whioh date It waa reduced from 5J per cent., was raised to 6 per cent, on November 6. OPEN MARKET RATES. Tho open market rate for three months' bills is 5g per cent., as compared vir.h 58 per cent, last week and 3i per cent, last year. Short lonns are quoted at IS per cent., ns agninst 4\ per • cent, last week, and 3J- per cent, last year. ' COLONIAL AND OTHER PRODUCE. Wheat and Flour.-Show a holiday tone. No Australian iB offering. Oats.-Dull. Laplatas, on soot, Sis. Peas and Deans.—lnactive. Sugar.—Unch.uiEcd. ,