Show FLURRY IN NEW YORK GALL CALL MONEY ON CHANGE UP TO PER CENT immediate sause of the stringency was calling in of loans by banks higher eigher figures look looked ed for or new york oct 2 sa flo the approach of 0 the lection election was signal signalizes signalized fied in financial circles here today by a rapid and remarkable advance in the money market soon atler after the opening ot of the exchange tor for business today there was a great demand tor for call money which opened at 10 per cent I 1 per cent higher than the average yesterday when it fluctuated between 7 and 12 per cent ey BY leaps anil and bounds the into inte advanced until at noon 60 50 per cent was demanded lor for cash loans tile the demand sent the rates up until late lale lit in the lay day when notion per cont cent was asked and 80 bid this was the closing quotation tile the jump to per cent began gradually and proceeded amid much excitement cit ement the first loan was made at 30 10 per cent and the rate then advanced to 13 15 and finally about p ni a broker who wanted money was coin compelled to bid the rate up to CO 60 per cent before ho he could secure the TV required quiren the price pile 4 ilien fluctuated between 40 and 50 per cent business was only modern moderate te aa offerings ot of funds were eitrem extremely IV light As its the demand for money increased increased tile tho alices pi ices asked increased by tens ft aiom oni so 60 to 60 then to 70 until the ma maximum was waa reached the immediate cause of 0 the stringency was inas the calling of 0 loans by some ot of the banks that wished to prepare themselves vica for par possible bible laige demacias de tomorrow loans ioana I oana made on friday go over until monday according to the cus cua lom of tho the street although althou git the banks legally have the right to call money on any day of 0 the week the banks us its a rule are desei reserving ving their surplus funds funda tor for the accommodation of 0 their regular customers who are arc being supplied at 6 per cent in proportion to the business done by them the stringency was not especially due I 1 to t of funds to th the interior ft as a tile he aluinc of this busine 88 has as no not I 1 oxe exceeded ceded the average of 0 last week hankers lle a charp inquiry for or funds for their regular clients and a sympathetic hardening influence on the money mai ket was exerted by a report of of on increase in demand for or cash gold bullion aullion brokers advanced the commission premium on goti gold 3 IG per cent to J i pr or cent pr predictions ore are current in tho the street of 0 matei matel lally higher figures in fit money toni tomorrow tomo irow curow hut but some leading express the opinion that tho ilia worst wont of 0 tile lie fluary has bas been mn aern money li lias not been so HO high since the baring plan panic some years ago when it went skyward in the ilie same way |