Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-12-28
Higher Rates for Call Money
Today's Feature.
100 PER CENT WAS PAID
MORE LIBERAL Z OFFERINGS
THAN AT YESTERDAYS FIGURES.
Conditions Abroad Very Firm-Htgh-
ly Irregular Tendencies Herein
teresting Statements.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, December 2s.-The rates FOR
money on call today averaged higher thah
those quoted yesterday. Renewals or stand
ing loans were arranged between 80 ana W
rer cent, and early in the day money GU
call was quoted upnn-the stock eSchahse
ar 100 ner cent 1t was understood that
even higher rates were fixed In many
cases where loans were made OUTSIDE VI
the stock exchange IT being reported thal
as high as 125 per cent was PAID pS soIe
borrowers. simultaneously loans for siAss
and ninety days time were erected at VIC
equivalent of per cent, Whlie SIX mouths
borrowing was arranged at per cent,
Notwithstanding the fact that money
rates actually averaged higher tnan on yes
terday it was also true that there were
much more liberal offerings at the hgufes
quoted. These came from all airectiohS,
and included for the first time TINS weeh
quite free tenders by a number OF Inc iochi
banks. -
Gossip and conjecture with regard 10
money market conditions covered ABOUT as
wide a range as were traversed by the RATES
for money There were persistent reports
to the effect that the Secretary of the Treas
ury had about reached the conclusion ina.
the situation warranted Intervention On Mo
part and there were other rumors ihat ieau-
ing banking interests had in contemplation
the formation of a money pool similar 10
that organized a few years ago, when.
while il was derisiyely described as falth
cure, nevertheless served to bridge over the
monetary stringency prevailing at that Time
The Foreign Markets Firm.
Money market conditions abroad were
likewise very firm, and the Bank of Eng
land made another poor showing III us
weekly statement, reporting percentage OF
reserve to liabilities OF only 33.Sl per cent,
against over &c per cent last week ana neal. .
Nv 81 Der cent in the corresponding week ol
last wear. Still 1t would be highly desirable
if the banks in the New YORK Clearing
House Association would make even as gooa
a showing as that. r
The foreign exchange market was very
n,lcb unsettled, cable transfers rising
sharply, while demand sterling deciineu ~
within few points of the figures at when
some s., 100000 in gold was imported IN
September The banks did not increase
their loss in their dealings with the SUB
treasury but still reported up to TINS morn
ing an unfayorable balance OF S2,353,oo.
1t is the general opinion, however, thal
the loan account in Saturdays bank state
ment will show a sufficiently large curtali-
ment as to offset this loss SO far as surplus
reserves are concerned 1t was doubtless
of the general Impressions that the none
tarv situation would soon be relieved
either through the Intervention OF the
treasury authorities or through other spe-
ctal operations that the stock market. our
ing the greater part of the day, displayed
aggressive strength. Even during the early
mart of the business session. when the rates
for money on call were soaring around luo
Der cent, there was marked absence OF
liuuidating pressure.