With call. money quoted at 44 percent. the easiest: money- since! 1928 to-day helped to sustain the: strength of the market, says the Dow Jones Financial News Agency's daily review of proceedings on the New York Stock Exchange.
Prices rose steadily. This d wvelopwent was, followed' by some -pro taking sales which temporarily, caused a decline, but the there! was another rally.
The money situation, coupled with President Hoover's statement yesterday, convinced many that the! rediscount rate will again be lowered from its recent level of 4b per ent.
Traders are. also looking for a able decline in brokers* loans, Ju the weekly announcement from Washington. "Last week's announce-_ ment showed a welcome decrease! wadi decrease will do is believed. tablish confidence, it Business increased as the market advanced and tickers at one time lagged 20 minutes behind sales, ut' the average blocks offered were small, and sales for the half-day' session amounted to 2,820,040 shares.
Text read from the printed page and cleaned; old type leaves the occasional error.