Show STRINGENCY OF MONEY Lower Market on Wall WallStreet WallStreet Wal Street Following High Call Cal Rates NEW YORK YORKi Sept Sept 23 St. 23 St St. Paul jumped two points on the tha op opening purchase of lC CM shares share 8 and a few lew minor stocks showed 1 fractional gains but the tho general general market tended don downward urd Ye Yesterdays Yesterday's late Jump to 20 O per pcr cent In call rates aroused considerable considerable considerable con con- uneasiness as to tO today's RS mone- mone tn nry tary developments de and stocks were hastily hastily hast hast- hasti hasti- ly thrown over when the banks bank began caln loans Tho rho ho opening call cal loan rate was as 11 1 per percent cent cent Prices declined r precipitately all al through the tho list and reached about a a point In numerous leaders St. St Paul lost Its opening rise which was waP obviously designed designed de de- de- de signed to sustain the market The h market fell fail rel Into stagnation when the selling seln re relaxed relaxed re- re and showed hut but little recuperative power The mane money market wan wait wal feverIsh h and rose to IS Ie per cent cent Bonds Donds were tere weak at noon The growing stringency of or money momy under tinder forced calls cals caused wholesale liquidation In stocks stok after midday reached two to three f points In a lon Ion long II list t of Important Im Im- Irn- Irn portent stocks among the Pacifies South- South westerns trunk 1 and specialties Losses Lose 8 of or a J point and over were sero common t throughout Missouri Pa Pacific Ia- Ia Ia clue cine declined 3 t 3 nock Rock Island I. I Lackawanna Lackawanna Lacka- Lacka wanna G and Amerl American ar Express 1 12 The Industrials u were ere noticeably less ices les affected than tItan the railroads The market tva was WS furiously active act c for a time but soon after 1230 the selling pressure pressure pres pres- sure suro suddenly relaxed The recoveries cre slight and no demand demand was tible be ond that from over over- over extended room shorts Fitful fractional rallies were not well held and Id another spasm of liquidation set Bet In which depressed St. St Paul Missouri 1 Pacie Pa- Pa cine cie Southern Pacific Illinois Central and various arlous others lower than before Bear traders sold mid stock treel freely and uncovered led stop loss A orders all al around Some recover recovery er cry ery was scored la later ler under the lead of St St. S1 Paul and 11 1 Illinois Central which rallied mIlet H n. n and md 1 I respectively respective eh The ease with wih which stocks were se secured so- so fe- fe cured relieved the apprehensions of the bears and ali they ther ceased their efforts to cover cover coyer cov coy er and sold the th market a again aln uncovering unco fresh stop loss orders and carrying caryln prices s sa a fraction lower than before Missouri ls Pacific suffered an extreme loss of 4 4 New Sew Jersey Central dropped 7 j on one sale The rho tone became semi demoralized toward the last and the closing a was furlou furiously I active act c and weak at the thc lowest I |