RESTRICTING OPTIMISM.
CURB ON SPECULATION. AMERICAN BANKERS TAKE ACTION. LIMITATION OF FUNDS, (Australian and N.Z. Cable Assn.) (Received Nov. 18, 9.30 a.m.) . NEW YORK, November IS. The recent unprecedented speculations on the stock market here, which had a similar influence on the markets in other American cities, appear to have induced the authorities to take active measures to retard the inflation of business generally, especially on the Stock Exchanges. The Federal Reserve Bank, through the utterances of various directors of its several branches, has intimated that excessive optimism or speculative enthusiasm of the general public must be curbed through the limitation of funds. The New York Federal Reserve Bank is expected to shortly follow the lead of both the Boston and Cleveland branches, which recently increased re-discount rates from 3* to A per cent.. There are now only three of' the 12 branches whose rate has not been raised, clearly for the purpose of keeping the stock markets within bounds.
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Waikato Times, Volume 99, Issue 16653, 19 November 1925, Page 7
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160RESTRICTING OPTIMISM. Waikato Times, Volume 99, Issue 16653, 19 November 1925, Page 7
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