Show V. V f Additional Mining News I MARGIN RATES HIKE HIKE ORDERED f V WASHINGTON Jan 25 5 COP UP- UP V The new deal placed a steadying hand and on the nations nation's security market markets mar mar- ket t today day in an ar effort to lied head off of an unwarranted stock market markt boom such u h as a led lcd to the te 1929 cr crash sh V The Te federal reserve b ard unexpectedly tin un- V expectedly ordered margin requirements require require- V menu ments on alt all markets increased from tram 25 2 f to 45 p per pez r cent to 25 23 5 to 55 M per percent percent cent of the tho market value of securities ties tes effective February 1 Cryptically Url b federal board officials otti- otti cals said the action acton was taken as asa n V a ft precaution ag against too rapidly V boo booming prices prIce The Te market h has hasi i f been jittery recently because of a sharp slump in the dollar dolar and fears e r of monetary and credit in In- In flati n. n Rising Raising of the requirements requirement was wa generally raly unexpected in government governmental govern govern- mental ment and financial circles in view of ot the te recent statement of or Federal I Reserve Board Chairman Marriner s B. B Eccles that hat tho rise in the security se se- se curly markets market was Wa healthy and financed largely by cash ch purchases The acton action was wa taken without the vI kno knowledge dge of the securities and exchange commission which is i charged wIh with supervising the nations nation's nations nation's na na- na- na tion's security markets either cither eiter was the treasury con- con V by the te board so far fat as could b bo be learned leaned Failure to consult other f federal fiscal departments would be most unusual it was said sid Under the new order a broker V V may nay lend a customer up to 75 per percent percent percent cent of or the current market price of of a security rt and thus require a am m minimum margin of 25 5 per cent or he may decline to loan more than tan V 45 per cent cent and thus require a maximum m margin argin of 55 5 per cent cent Most stocks arc are expected to fall fallin lal in the latter class V Unusual attention was attracted to the order by reason of President President dent s notice yesterday to toV V four board members that they would not flot be to the new board taking office February 1 the tile day the margin order becomes V tive i e. e |