FINANCIAL MARKET

Sun (Auckland), Volume III, Issue 809, 1 November 1929, Page 10

FINANCIAL MARKET

BANK OF ENGLAND RETURN FOR THE WEEK CONSOLS AND COLONIAL STOCKS United P.A.—By Telegraph—Copyright Rood. 9.5 a.m. LONDON. Thursday. The Bank of England return for the week ended today is as follows: Issue Department Notes issued: — j In Circulation £355.819 f S4S | In banking department .. 32,197,196 Total £391,017,041 Government debt 11,015,100 Other Government securities 235.361,251 Other securities 5.790,875 Silver coin 4.832.774 Amount or fiduciary issue 260,000,000 Gold, coin and bullion . . 131,017,041 Total £1191,017,041 Banking Department Proprietors’ capital . . . . 14,553,000 Rest 3,126,732 Public deposits 14,383.959 Other deposits, bankers . . 58,105,976 Other accounts 38,125,120 Seven-day and other bills 2,205 Total £128,296,992 Government securities . . 68,851,855 Other securities, discounts advances 5,590,568 Securities 20,232,291 Notes .. .. 32,197,196 Gold and silver coin .. .. 1,124,782 Total £125,296,992 The Bank of England rate of discount is 6 per cent., to which it was reduced from 6a- per cent, today. Short loans are quoted at 5 per cent., compared with 5i per cent., last week, and three months' ! bills are quoted at 5J per cent., compared j with 6 1-32 per cent, last week, i The proportion of reserves to liabilities | is 30.10 pei' cent., compared with 31.50 | last week. CONSOLS AND COLONIAL STOCKS Oct. 31 Oct. 24 £ s d £ s cl Consols, 21 per cent. 54 10 0 54 7 6 Funding Loan 1960-90 S 7 0 0 85 10 0 War Loan, 5. 1929-47 100 10 ft 100 7 6 Conversion Loan, 3i 76 0 ft 74 7 6 Victory Bonds .... 92 10 0 91 17 6 Com’w*th, sh, 1922-27 96 0 0 93 17 6 Ditto. 6. 1931-41 .. 100 3 9 100 2 6 N.Z., 41, 1948-58 . . 94 7 6 Ditto, 31, 1940 .... 86 13 9 86 17 6 Ditto, 3, 1945 .... 76 5 0 76 0 6 Ditto. 6. 1936-51 .. 103 9 3 1,03 15 0