WALL STREET INSTABILITY
EFFORT TO ENCOURAGE BUYING Received Oct. 28, 9.55 p.m. NEW YORK, Oct. 27. Apparently prompted by the recent instability o£ the stock market, the Federal Reserve Board has reduced the margin requirements for purchases from 55 to 40 per cent, and has imposed a margin of 50 per cent, on short sales. The move is evidently designed to encourage buying and discourage excessive bear speculation.
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Bibliographic details
Wanganui Chronicle, Volume 80, Issue 257, 29 October 1937, Page 7
Word Count
68WALL STREET INSTABILITY Wanganui Chronicle, Volume 80, Issue 257, 29 October 1937, Page 7
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