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Show Banks Put Curb On Speculation Margins Doubled Until Such Time as Stock Market Becomes Normal Again Now York, Oct. C Members of tho New York Btock exchange took action today to curb tho nation wldo speculation In socalled war stockB, uhoso rapidly soaring values have led a runaway market through n million and n half share days. Hanks, trust companies and financial finan-cial houses of New York, alarmed at tho swiftly ascending tendency of tho market and fearful of a sudden break In values, have Bet tho finan- clal brnkes and applied pressure on htock exchngo houses to diminish lt not entlroly end, tho riot of speculation. specula-tion. Many stock oxchang Iioubcs re. sponded by notifying their clients that they would liavo to doublo tho amount of tholr margins In these specialties. spe-cialties. Horetoforo tho chief speculative spec-ulative stocks, with n few notablo exceptions have been carried on a twenty point margin. Hereafter tho n.argln will bo forty points at least until such tlmo as tho market becomes be-comes normal again. When tho demand for moro margin was made today many buyers were unablo to comply with It nnrf a wavo o' selling orders to swept over tho exchnngo, carrying stocks down from four to fifteen points. A recovery was noted later In tho session , but tho closo wns of from thrco to ten points from tho "nigh lovel. |