SPECULATION ON WALL STREET
INFLUENCING OTHER STOCK MARKETS MEASURES TO RETARD INFLATION New York, November 18. The recent unprecedented speculations in the stock market here, which have had a similar influence on the markets of other American cities, appear to have induced the authorities to take active measures to retard the inflation of business generally, and especially on stock exchanges. The Federal Reserve Bank, through the utterances of the various directors of its several branches, has intimated that the excessive optimism or'speculative enthusiasm of the general public must be curbed bv the Federal Reserve Bank through the limitation of funds. The New York Federal Reserve Bank is expecte'd shortly to follow, the lead of both the Boston and Cleveland branches, which rccentlv increased the rediscount rate from 3} to 4 per cent. There are now onlv three out of twelve branches whose rate has not been raised clearlv for the purnose of keeping the stock markets within bounds. — \ us.-N.Z. Cable Assn.
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Dominion, Volume 19, Issue 48, 20 November 1925, Page 9
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161SPECULATION ON WALL STREET Dominion, Volume 19, Issue 48, 20 November 1925, Page 9
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