WALL STREET LOANS
GREAT INCREASE CAUSING CONCERN (Rec. February 10, 9.10 p.m.) Washington, February 9. Concern is felt here over the amounts going into broker loans for the purposes of . Wall Street speculation. Loans from the Federal Reserve Banks of New York City alone, which are the highest in history, totalled 3,835,000,000 dollars, almost 1,000,000,000 dollars above those of a year ago. Despite the raising of the Federal Reserve rediscount rates, and the agitation against money for Wall Street speculation, brokers’ loans increased by 19,200,000 dollars last week.
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Dominion, Volume 21, Issue 114, 11 February 1928, Page 10
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88WALL STREET LOANS Dominion, Volume 21, Issue 114, 11 February 1928, Page 10
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