Show c Federal Reserve Refuses to Curb Interest on Call Money W WASHINGTON July 9 Interest D.-Interest Interest rates charged on call money moncy I T loaned to carrY carry speculative stocks Jocks can have no permanent effect upon rates for governmental or commercial and industrial purposes the federal reserve board oard declared in jn a statement issued tonight through Governor Harding to the tho movement of the call an ll rates which h ch have been as high ligh as 20 per cent recently the tho statement said they were erratic but that the arbitrary measures taken during the war to repress speculation speculation speculation lation could not be bc perpetuated in peace time It is not the function of the tile treasury nor of the federal reserve ban bante or the banking institutions of the country to provide cheap money for speculative purposes purposes the statement continued b |