Amsterdam, June 22.
A great increase in the volume of dealings on. the. Amsterdai was the result here to-day of Pre dent Hoover's proposal.
Prices of leading stock exchange increased in value and a new demand for shares of all descriptions was in evidence. In Amsterdam President Hoover's proposal is regarded a8 a most import fant step in international collabora tion of the sort which will solve the vailing: economic depression.
ug was brisk and the volume of transactions in Amsterdam was greater than it has been for som time, Brussels, June 22.
Trading on the Brussels Bourse today responded spectacularly President Hoover's proposal.
Business was most animated at the opening and high price levels were reached in sensational fashion, Berlin, June 22.
London, June 22, President Hoover's proposal was closely discussed on the London Stock Exchange to-day, when sharp appreciation in prices oceurred as the result of increased buying orders.
Dealings in the market started fully one hour before the usual time. In every section prices advanced.
Im the London commodity market strong movement was alto reflect-
The same buoyant tendency was} shown in reports from the principal market abroad—Reut New York, June 22, Securities and commodity prices throughout" the" United States and in all other countries of the western hemisphere to-day as Jo result of President Hoover's proposal.
There was considerable short Jcovering in all. the American markets. Coffee, sugar, cocoa, silk, silver, cotton, wheat prices advanced wher trading in. these commodities.
The advances in. copper, silver land cotton were among the most spectacular, in New York, Boston, Chicago, isan Francisco and Montreal firmer conditions prevailed although the enthusiasm was somewhat more loalanced than it was in the markets lot Europe.
In Buenos Aires wheat prices advanced on an average of two cents. was up three cents, In New York bank stocks were considerably firmer. The stock of the First National Bani: was up $150.
Bankers and traders in commodities, large and small hailld President Hoover's proposal as. having contributed notably to what. is at least jo definitely momentary improvement.
The outstanding banking leaders Jot the country, however, generally reserved their comment to-day pening some clearer indication as to how long what is described every. where as the "Hoover boom" will last.—United Press.
The Berlin Stock Exchange today enjoyed a boom of proportions unprecedented for a single day.
Threvighout the entire session prices continually improved over those recorded at the opening. Quotations moved steadily upward the first business done on the local Bourse. since President Hoover issued hie statement.
Crazed selling here led wild buying." Demards for issues far exceeded offers.
What, is described even in Restin fas the Hoover boom started on the Bévlin kerb exchange even before the stock market opened. Several shares rose as high as ten or twelve points.
Meznwhile, the German mi appreciably stronger. The dass this yee the turnover being five million] shares. Prices closed buoyant.
The price of a seat on the Stock Exchange has increased by $25,000.
Text read from the printed page and cleaned; old type leaves the occasional error.