FINANCIAL MARKET

Sun (Auckland), Volume III, Issue 910, 1 March 1930, Page 11

FINANCIAL MARKET

BANK OF ENGLAND RETURN! FOR THE WEEK DISCOUNT RATE REDUCED LONDON, Thursday. The Bank of England return for the week ended February 26 is as follows: Issue Department Notes issued— In banking department .. 64 514 G6l In circulation 346,’5i!,* 165 Total £411,326,826 mw P ? lent debt U, 015,100 utner. Government securities 223,50 S 190 S„•'-'■■■ - - ‘ 1 mI1:o64 6 p, m nt - f fiduciary issue.. 260,000,000 Gold coin and bullion .. .. 137,006,947 Total £397,006,947 Banking Department Proprietors- capital i4.5f3.000 Public deposits ’ ‘ Other deposit, bankers .. .50,713’918 Other accounts 35 231 367 Seven-day and other bills *. ’ * 2^757 Total 117,193,850 Government securities 34,4?1,563 Other advances, discounts, and advances 17 sSs*>l4 rvn? 8 64,574,661 Gold and silver coin 652,412 Total 117,913,850 Short Loans and Bills Tho Bank of England rate of discount is 4a per cent., to which it was reduced on February 6, from 5 per cent. Short loans are quoted at 3£ per cent., same as last week. The market rate of discount for best three months’ bills is 3 p ei \ cent., as compared with 31 per cent, last week. FOREIGN EXCHANGES LONDON, Thursday. The following rates on foreign exchanges are current today, compared with the cabled quotations on February 25 ana par:—

COLONIAL STOCKS The following table gives quotations for Consols and colonial inscribed stock compared with those of February 20: ’ Varia-

t Higher. 'Lower. The Conversion Loan is quoted ex dividend. NEW YORK CALL MONEY NEW YORK, Thursday. Call money for renewal rose to 4J per cent, today, and closed at 4 per cent.

Feb. 27. Montreal, dol. . 4.8S£ Feb. 25. ' 4.S8H Par. 4.86G New York, dol. 4.86 1-3 Paris, fr. . . 124.26 2 4.864 124.22 S.S66 124.21 Brussels, belgva 34.8S5 34/885 35.00 Geneva, fr. . . 25.195 25.195 Amsterdam, fl. 12.128 Rome, lire . .. 92.76 12,12g 92.85 12.10 92.46 Berlin, r.m. . 20.37 20.365 Stockholm, kr. 18.11 18.12 18J.59 Oslo, kr 18.176 18.IS 18.159 Copenhagen, kr. IS.1.8 18.155 18.159 Vienna, sch. . 35.515 34.51 34.58 J Prague, kr. .. 1644 1G4£ 24.02 Helsingfors, m. .193J 1934 3 92.23 Madrid, pes. .. 39.635 38.025 Lisbon, escu .. 108.25 108.25 Calcutta, rupee 3 7 27-32 17 27-32 1 s Athens, dr. .. 375 375.00 Bucharest, lei SIS SIS R. de Jan’ro, mil. 5 9-16 519-32 Bukarest, lei. 818 81S 25.225 B. Ayres, dol. 42 5-16 52| 47.57d Shanghai, tael.. 23 231 Hong Kong, dol. 18 i si Yokohama, yen..24 93-2 24 9-32 24.5Sd

Price. Consols, 25 per cent. .. £ 54 a. a. Funding Loan, 4, 1960-9C 88 0 0 War Loan, 6, 1929-47 . . 102 Conversion Loan, 3?? . Victory Bonds, 4 . . . 92 10 0 Com’wealth, 5£, 1922-27 90 Com’wealth, 6, 1931-41 98 ■Victorian. 3, 1029-49 .. Victorian, 3i, 1929-49.. Victorian, 65. 1980-40.. 97 Victorian, 5, 1932-42... Victorian, 42, 1910-G0.. N.S.W., 4, 1933 .. .. 93 0 N.S.W., 3, 1935 85 10 0 N.S.W., 3J. 1930-50 .. 70 N.S.W., 52, 1922-32 . . 98 10 0 7 N.S.W., Gi, 1930-40 100 0 0 N.S.W., 6, 1930-40 .... 98 Queensland, 3i, 1930 . 98 Queensland, 3, 1922-47. G7 0 5 0* Queensland, 6, 1930-40 97 10 0 1ST. Zealand, 4}, 1949-58 91 15 New Zealand, 3J, 1940 87 17 6 2 Gt New Zealand, 3, 1945.. 78 15 0 N. Zealand, 6, 1936-51 104 5 0 S. Australia, 3£, 1939.. 82 0 0 7 6* S. Aus’lia, 3, 1916 or after 53 0 0 S. Australia, 6$, 1930-40 100 0 0 10 Of Tasmania, 3£, 1920-40.. 82 0 0 10 ot Tasmania, 3, 1920-40.. 78 0 0 Tasmania, 6i, 1930-40.. 100 7 G 12 6t W. Australia, 3J, 1929-35 86 10 0 12 Gt W. Australia, 3, 1915-35 87 0 0 20 ot W. Australia, 6, 1930-40 97 10 0 5 0*