Saturday, February 16, 1929

From the day

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The Headlines

CURB ON STOCK SPECULATION BACKED BY RESERVE COUNCIL; LOANS CALLED, PRICES DROP; MONEY GOES TO 10 PER CENT $60,000,000 Withdrawn --Wall St. Nervous Over Rediscount Situation. DIRECT ACTION SUGGESTED Council Wants Member Banks Asked to Restrict Credit for Market Operations. MOVE COMPLETE SURPRISE Opinion Had Been Expressed That Board Lacked Power and Would Not Press Warning. Approving the warning of the Federal Reserve Board against the use of Federal Reserve credit in stock market speculation, the Federal Advisory Council, in an unexpected announcement yesterday, recommended that all member Statement of the Council. Aggressive Stand Unexpected. UNCERTAINTY ON BANK RATE. Rumors on Protracted Reserve Meeting Have Unsettling Effect. AYRES SAYS BOARD CAN WIN. Alternative Is Humiliating Loss of Prestige, He Holds in Review.

Best-selling Sheet Music

Singin' in the Rain

Nacio Herb Brown

The must-have

Duncan Yo-Yo

You Share a Birthday With

• Octave Mirbeau (1848)
• Ernst Haeckel (1834)
• Philip Melanchthon (1497)
• Francis Galton (1822)
• Radoje Domanović (1873)

Slang

Tech Check

Car Radio, Sunglasses (Mass Produced) & Coaxial Cable.

Cost of Living (1920)