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Show BIG RI8E 'IN CALL MONEY DISTURBS MARKET'S ACTIVITY It Is Believed, However, That the Importation of Gold Will Soon Relieve the Situation. v NEW YORK. Dec. 4. Call money's rise to , per cent, the highest rate in more than three yenrs and exceeding by per cenl t'.ie maximum quotation attained at-tained during tlie first week of the war, was the overshadowing and distrublng feature of today's active market. Tiie fhirry, which was regarded as temporarythe tem-porarythe final quotation being 7 per cent was acceptec as a sequel to the steady impairment of local oash holdings. hold-ings. Since the first week of Novem- ber actual reserves of clearing house ! banks have suffered a reduction from t!24.v10,Q0O to the $41,000,000 reported last i weik. i Much of this shrinkage results from the distribution of money to banks at other I reserve centers and heavy direct payments pay-ments to the Interior for supplies, largely exports. In addition, much money is tied up in various syndicate operations yet to be circulated. Likely to Relax. Unless the usual sisns fail, today's stringency is likely to relax: very soon by reason of further heavy gold imports. An additional ?50.000,000 of the metal is expected ex-pected during the week from Canada and more than S30,fiOO,0O0 from Russia, now coming from the Pacific coast, should find reflection in next Saturday's bank statement. Stocks : were strong during the forenoon, fore-noon, with a renewal of last week's Inquiry In-quiry for low-priced rails, as well as coppers and other metals; oils, sugars, tobaccos, the leather group and less specific spe-cific issues. Extreme 'gains in these stocks ranged from a point or two in rails to 3 points in Ohio Gas at the new-record new-record of 1241, with a new maximum for Columbia Gas at 54, s- Mexicans Respond. Mexicans also made favorable response to the latest turn of events across the border, and equipments, notably American Ameri-can Car and Balriavin Locomotive, were at their best during the period of greatest great-est unsettlement. Irregular rallies from minimum prices marked the final dealings. deal-ings. Total sales of stocks, 1,440,000 shares. Teutonic exchange registered another new discount, with no material change in rates to London and Paris. International bonds were less active, but barely steady. ! Total sales, par value. $4,720,000. United States bonds were unchanged on rail. |