Ogden Daily Standard | 1918-11-01 | Page 13 | Money Market at Lowest Point in Past Three Months

Money Market at Lowest Point in Past Ikee Months NEW YORK, Nov. 1. An unexpected unexpect-ed development in New York money market today was a decline in call loans from 6 to 1 per cent, the lowest rate in three months. The decline was based on such logical conditions as the successful flotation of the fourth Liberty Lib-erty loan and the mooting of all necessary neces-sary requirements for the moving of all crops now under way. The drop in money was. nevertheless, neverthe-less, surprising because of the-steps recently taken by the local money committee to regulate bank loans by maintaining relatively high rates for call and time funds. Call money weak; high G per cent; levy 4 per cent; ruling rate 6 per cent; closing bid 5 per cent; offered at 5V per cent; last loan 5V per cent. oo