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This newspaper page contains 3 articles. Subscribers can read the full text of each article.

Newspaper

Washington Post

Location

Washington, Washington Dc, United States of America

Date

Dec 12, 1924

Page

7

Wall Street Uneasy Over Fear of Higher Bank Rates

Wall Street spent five hours on the stock exchange speculating about the Federal Reserve Board's next move on the rediscount rate after the Bank of France raised its rate to 7 percent. The ticker showed no change, as directors kept the discount rate at 3 percent. Reports from Edward S. Jordan and Zimmerman & Forshay offered cautious optimism, noting conservatism in policy amid strong demand and efficient production.

Wall Street New York Stock Exchange Federal Reserve Board Bank of France Rank Fle Federal Reserve Bank Coolidge Edward 8. Jordan Jordan Motor Car Company Association For Luther Reichstag Revaluation Committee Friends of Revaluation

Chicago Grain Slips on Profit-Taking Amid Wheat Decline

Chicago grain prices fell as traders booked profits and Liverpool wheat quotes eased. Wheat futures eased, corn and oats also down, while provisions softened. Domestic receipts and Argentine weather weighed on sentiment, with fears of weaker European demand adding to the downturn.

Chicago Liverpool Canada Argentina JBN Lay Belbes

Bond actions and cotton market notes on December 11

New York exchanges faced temporary injunctions against disciplinary moves for Miller & Co. while bond sales continued. Cotton futures showed lulls and rallies with December at 22.78, January 22.85, and May around 23.60 as traders weighed Liverpool cues and Southern demand amid varied prices and exports reaching 3,598,106 for the season.

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Also Mentioned on This Page

Fontaine Zimmerman & Forshay Germany Ess Commouniats Dawes C. i F Manitoba Bond Great Britain France RTS Rae Italy Wers Holland Spain Greece Poland Czechoslovakia Jugoslavia Austria Nancy Middle West Santos Philadelphia The Cuban Telephone Co New York Stock Exchange Miller & Co Broadway NEW York Exchange Baltimore Securities
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