Salt Lake Telegram | 1929-04-28 | Page 35 | Period Passed Wall Street

ying ng g Period Passed fiall 1 al Street V YORK April Apri 27 AP AP The The I. I Ic market marlet I pa passed through a Tm quiet but trying Irving period this s 5 a revival of pool operations foul the federal reserve banks bank's oney policy locks made rapid headway early l week weel but lost much of their ater as an increase of 67 67 30 Is o 0 In brokers brokers' loans was anand ann an- an n d and the month-end month credit credi ul sent the call cal loan rate to 6 per cent cent II h I decline was orderly how- how r I. the 16 per cent money rate sing a ml mild d sag In sharp con- con th the unprecedented wave of ot lug Ing set In motion moton by the 20 per just a a month ago The Theet's Theet's ket's ets et's calm in the face of ex- ex high money was reng re- re and brought rought a fairly strong ia ng movement toda today lg p rations for tor the advance were r ted by an assortment of ot high high- rable first quarter quartet earnings pent ent and rade trade reports indi- indi J ig g that the record rate of ot oper- oper PE li itis hs achieved in many lines in f h was being maintained h April AprI 1 A sustained defor de- de 1 for steel was isas particularly ew worthy American metal mar- mar that still another new d auction Uon tion record may be set in Jrp bably the most disappointing of ot the week weel was the larent arnt failure of the German rep- rep I ns conference This caused wal of ot funds from Germany carried tied German exchange on onda da day to the lowest level since jig g operations were begun in 1924 preparatory to stab- stab The rais raised d its is count J rate to 7 2 1 per jer cent