Show wh ii was regarded as having no But hIgh rate of today was hold only and a very small of money was at that rate of interest the day after the had been satisfied the rate foil below IC per cent This occurred much earlier in time day than was the case and was the of freer of funds The actual sItu tion of tIle money market therefore was ameliorated as with The at yesterday of course ivan a fac facton ton In the strengthening of the banking position Large loans placed by for elga capitalists also played a part that placing of Canadian anti a at gulch to York from Canadian were factors at work In the money nation The circulation of also continued of ultimate by secretary of the treasury to ease tie In case of any threats of dangerous consequences although the reiterated intention of time scene treasury to confine in inI I tended relief to the needs of oft t regular borrowers was again reported Washington oh this there vas a growth of the situation did not eaU for an building up of re 4 banks at this time it was that the deficit in time legal op Saturday left the percentage of to ml reserves to deposit liabilities at cent while the percentage of total since the let of her with the of tIm meek ending Oct 21 and ended Oct S had be below low 26 er cent Time actual change imi the condition of the banks not great aside from the I mental of the existence of an actual deficit jn legal reserves Speculative was disposed to the view that tile banks ere not called upon at time to go than to repair tIme actual deficit The pressure upon the money market at this is as due entirely to the active business conditions supplemented by bythe the speculative demand based on I itt the general business situa situation tion These conditions explain the cx expansion to which credits of the hauls have been extended and these same conditions are looked to to maintain confidence in the great vet little of outstanding credits NothIng hike distrust has been cited as the cause for ammy of the loan contraction which has been put into force but the limitation of resources to meet the cx demands for credits How over upon the bank ye continued the operations with time since the last bank statement having withdrawals already of from the banks With time easing of time money rate during the of today was also a rally In exchange rates and time pros peet of an important movement of gold vas thu for time present The last prices for stocks was the best amid closing war active and strong at flet gains running 1 to 2 points for the principal stocks weri irregular total sales par value Staten and old advanced and the 14 per cent on call while 48 delind pr cat on call |