AMERICAN CABLE NEWS.
[Renter Telegrams.] CURBING SPECULATIVE ENTHUSIASM. (Received this day at 9.30 a.m.) NEW YORK, Nov. 19.
The recent unprecedented speculations on the stock market hero, which had a similar influence on 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 utterances of various directors ot its several branches, has intimated that the excessive optimism and speculative enthusiasm of the general public must he cur!x?d through the limiltation of funds. NEW YORK, Nov. 19.
The Federal Reserve Bank is expected to shortly follow the lead of both its Boston and Cleveland branches which reeenty increased the re-discount rate from three unit a half to four per cent. There are now only three ot the twelve branches whose rate lias not been raised clearly for the purpose ot keeping the stock markets within hounds.
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Hokitika Guardian, 20 November 1925, Page 2
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157AMERICAN CABLE NEWS. Hokitika Guardian, 20 November 1925, Page 2
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