The sun. [volume] (New York [N.Y.]) 1833-1916, 1902-12-14
CAUSES OF MONEY SQUEEZE,
CALLS FOR UNPAID UNDERWRIT-
ING SUBSCRIPTIONS ONE.

Several Fresh Calls Just Msde-Inter.
borough Railway Also wants 81 3.sAO..
900 10 Pay Up for Part.Paid stock
Gold Exports Again Delayed.
A. usual on q Saturday. no call loans
were made on the New York Stock Ex-
change yesterday-Friday's loans carry
ing over until tomorrow. The loaning
rate for stocks on the exchange was, how
ever. Q to 10 per cent, which was equva-
lent TO establishing q money rate at those
figures.
One Of the things that has helped to keep
the money market stiff and active has been
the constant calling upon the members Of
various underwriting syndicates for the
payment In whole or In part OF their sub
scriptions. II developed Yesterday that
several fresh calls Of this sort have been
made. Among them are the last INSTALL
ment Of 20 per cent. due by the under
writing syndicate Of the SIS. 900 900 Western
Maryland first mortgage bonds, which
has been called for payment on Dec. 81.
and the third installrnent Of 10 per cent
ON the underwriting Of the Distilers' Sc
Curitiss Corporation. called for Tue day
next. Payment il due tomorrow ON the
first installnent of - 900 600 called from the
syndicate that underworld the New York
y Central Railroad Company's refunding ga
per cent bonds to be ISSUED in connection
with the payment of the e2i.05+,oOO first
7s and o., duo on Jan, I.
Another call of u somewhat different
sort, but which is likely to affect the MONEY
market in muAh IN. same way. WINS con-
,o,n., a., a. .,,,,o,,.,...,,.,,, a., ,,, e.,
" ~
the once OF August beinoh' 20 yfster-
day TO the effect that the remaining SIX
installments Of 10 per cent each Oh the
rt-paid stock of the InterLoroush Rapid
r,aos;, co,,.,. in 10 ,,a,.h. n, 80,
nfy;1a ~ Rai,nn,, 4 o. on iIa foIIowirg
da,ss. Jsr 81 > March . apr,I
Wav, IL. r.. .r,;aoa,ss o,.,aor
,n,,s, "a nr.s.,,ad To- ;n1"rs.,n.n, ~
Inc time ~ tho resr,ct,vs nawmants OF
The sas OoC ofs, 81 IuIsf ioro,Iyh Lanid TRANSIT
.,,cE ala 40 0Oa !. fIIi raid tn the re-.
maininu s2i aGO GO0 ~ 20 Goo ha. be.n
naid Irsyinr AZ $40 osO now Cslea for
Mnrev cae's - . son,ewhs, sim,isT char.
AZ, or ere h.,no nacs 10 rs cites ! elnin,
N 80 a, DV ' ,..au . ~ o.aei pp;;s
80 kn:!..' 49, ,,,,i. -. e
re ~, II ~ nh stn,,..i aoi, ~ ~.
loca %arEs s,or, ~ intsrior &c 20 cni,,,,ry
~ ea 90 no I'm wy NV =, W W wy ~ WI
o. So, VIZ s.A,t'he. m"' 'iauo ~. an
49, uai n.,t, .he az, '', =,
s.aies ana inuhieipaa..es wien MIG ,,;, ma.s 70
w.. A., J,,',,.,, 10 I, o r,,ia 1870,
tneiE tuliH1 rom Iccal BANKS 10 new io'h
. u'NiI lle 'a'lrr par Oh Dtcetnef alH
.nese 'Iats'gts are mace wlth NeM roIh
eacianse' ne oanhs issui, tne NeN ioih
ssac.atge seho cHrrehcy 70 their corresIoh-
"e I've III ~ 70 naN. tIIeir a;oouiue 49,
ror this reason me Irceipts 81 currency
are usually largest N me nIst eho secohd
Was oi January Inc money nov cVHlihS
from the interior Ii eNideitIy sent IN adfahce
ofthe issue Of New York drafts for the trans
fer Of corporate and other funds % his city
ard comes here with the int crest on the part
~ the ranittiru hanks ~ ,alinc soynninvn
=, ~ 80 .s % - % .a.''s ~ ''','as
~ u'e n.kh id'sr vi lnter%, III Wy H'aI
'tNe' but, this money u not aNalIatie lOr
time loans because II must be held az
reserve ayains, the January disb,irs ement,
The United Statas sub Treasury receiyed
vesterdav from local hank. on account of
.,,s,e.n. ~. s.,s.. u ~ -
customs payments Nil,ott ~ the week
the total payments we're 3,5C ,al', a&alnst
$3.50 SOS In the previous week A Wash
ington despatch received in Wall street
said that the f1ow of Rold from New York
- G., E,...a;..o - i.i;..al - bo,o