Salt Lake Telegram | 1928-07-15 | Page 26 | Count Rate Boost Market

Rate Boost YORt YoRI JulY 14 API AP- AP I Federal Reserve re- re rates from 4 2 1 to 5 per go New ew York Rich Rich- I shadowed over developments in thIs markets 5 J Jc m market threatened restrIction In th the f speculative credit and nd then made par par- try me Bond prices rl ted ot of the U. U S. S gov- gov issues touching new low Une rear Fear Wall Vall street et hs that the lU larte e vol- vol kers' kers loans as as due Iaan In Ia an r large sup sup- bond carried tempo tempo- th the banks Tin rediscount r t s was wasn Ian n advance In the rates noney commercial paper I acceptances l ry tendencies s the commodity markets Jr blo crop Weather An factor in the selling Cotton lost nearly nealy 5 Je ie n part to the report show show- lup ly large Increase heat futures declined eats eats' HS a a. bushel with cOy cOy- I 1 in most 0 oX th the ne