WALL STREET
RUSH OF SELLING ORDERS PreiK Assooiotioa —By Telegraph—Copyright* NEW YORK, March 25. (Received March 20. at 10.15 a.m.) . Call money soared to 14 per cent.,which is the highest rate since 1920, when it touched 15 per cent. The stock market crumpled under the avalanolio of selling orders as a result of this stringency, with losses ranging from ono to ten points The decline gathered headway towards the close, and the exchange was galvanised into action, and the customary decorum was broken. To-day’s shortage of money is believed to reflect the fear of further action against the market by the Federal Reserve Board. —Australian Press Association
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https://paperspast.natlib.govt.nz/newspapers/ESD19290326.2.70
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Evening Star, Issue 20134, 26 March 1929, Page 8
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107WALL STREET Evening Star, Issue 20134, 26 March 1929, Page 8
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