Salt Lake Telegram | 1912-12-02 | Page 9 | Call Money Rate Reaches Fifteen

CALL MONEY HONEY R RATE T REACHES FIFTEEN NEW EW yom Dec 2 The 2 The prevailing pre lo local 10 cal tal al monetary stringency was reflected in today's belated mone money offerings on ou the stock exchange An Aim initial loan of or OOOO was as made at 10 per cent followed b by at 11 per cent The next loan was as at 1 12 per cent Several hundred thou thousand and dollars loaned at 15 5 per cent during the noon hour at ut this high rate failed tailed to bring out more than a a. moderate amount of mone money from tram local banks bunks Time mone money V rates ratte are nominally Unchanged un unchanged un- un changed but In in reality the recent sixty and ninety-day ninety quotations of oC 6 to 7 per Jer percent percent cent are meaningless inasmuch as no money is being being- offered for th these ge maturi maturi- ties Seven per Jer cent wa was bid for sixty days das money today but none hone was available available avail avail- able at that rat rate so far as could he be I le learned earned