Radical measures seen as relief for money market
The report notes that a radical action is understood as necessary to ease the money market until natural conditions revive funds to financial centers. Stocks show few weak accounts, with squeezes possible for shorts as funds ease. In New York, Thomson-Houston rose to 51, nearing 60, with no clear liquidation, and Treasury silver purchases of 4.5 million ounces for the coming month are expected to proceed, easing money pressure.
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