Show MARKET MARKH lEFT TO TOOf MERCY Of BEARS Support Which Has Been in Evidence for Some Time Past Evidently Evid Abandoned MONEY RATE 25 PER CENT BANK REPORTS SHOW IMPAIR IMPAIRMENT IMPAIRMENT IMPAIRMENT MENT OF RESOURCES New ew York Dec Dee 10 The support of the market which has been persisted In tor lor soma I time past p st was evidently abandoned aban abandoned today but hut whether bother hether voluntarily or forcibly waa ra not clear There was fur tur further ther calling of loans by the he banks fol following followIng following lowing that of yesterday ye and the call money rate was run ron up to 25 Ii per cent compared with a maximum ma mum rate of 20 30 per percent percent percent cent yesterday This had a bad effect on do n speculative sentiment but the force or of the depression was more direct than through effect on sentiment The sell selling selling selling ing converged especially on the Hill stocks and ReadIng Heading and as these had been pick picked picked picked ed the most conspicuous operations in supporting the advance their sudden relapse was of marked sympathetic effect on the whole w ole market Some relative re resistance resistance resistance was shown bv by the coppers which might be accounted a for f r by the large short interests In those tho e stocks waiting to cover on the decline There was some evidence also of direct transfer of large accounts from tram the Hill Hm stocks into the Harriman Pacifies The Tho motive for lor the withdrawal of call loan credits by the banks were not clear clearly ly understood and were perhaps of ad added added added ded unfavorable effect for tor that reason The publication in detail of the reports of the New York City national banks in to response r to the call of the comptroller of the currency revealed such a heavy hoovy impairment of resources In the case ot of oti i one une ne or two on which pressure was especially especially especially severe Silvere that a bad Impression was caused although the present solvency of those banks was not thrown open to any doubt douht Reports of negotiations on foot for strengthening or consolidating these theae institutions increased the attention given to the subject It was surmised furthermore that a call from the state banking hanking department for tor reports of condi condition condition condition tion of the state banks and trust com companies companies companies was in contemplation and this would naturally nat have the effect of prompting some strengthening of position by those institutions The compiled digest of the showing of the New York City national banks was held to confirm the claim of the large resources supplied by the New York banks to the interior during the period of strain Of the total increase in deposits shown on Dee Dc 3 compared with Aug 22 1 of there is included an increase of some in in the clearing house banks while in inthe inthe the tho items due to banks etc there was wasa a decrease of Specie and legal tenders also have actually fallen 6 S Sin In spite of the enormous inflow of imported gold and the large sums of cash U from the treasury depart department department department ment to New NeVI York bank vaults With this exhibit of the heavy drain on New NewYork NewYork NewYork York which the interior demand has made financial sentiment is sensitive to the large continuance of ot that drain shown in inthe inthe inthe the persistent heavy transfers which are being 1 made to interior points This de demand demand mand JB Js keeping up the premium on cur currency currency rency and was given part responsibility responsibility for the active calling of loans by the t e ebanks banks anks today The publication of the reports of ot na national national banks by cities as all they were re received receIved received at the office of or the comptroller r of the currency is 18 demonstrating the fact tact that the condition of heavy cash reserves reserve through ugh the interior is not universal al although al although though a general condition of t strength was wag Indicated by first reports from un un unofficial official al sources Bonds Bonde were easy y Total sales ales par value United States State bonds were unchanged on all |