Traders and investors clearly preferred to remain on the sidelines until the European situationĮclipsed in the weekly banking period ended June 19. Industrial advances receded $74,000 to $9,011,000, while commitments to make such advances fell $89,000 to This enormous transfer of metal to United States Had to be taken of the French request to Germanyįor an armistice, and the market reaction to thatĠ00, which raised the aggregate to $19,769,000,000. and the uncertain courseĬlarifies to some degree. United States Treasury income tax and other receipts outbalanced theĭevelopments m Europe. Slightly, and total reserves were up $338,325,000 to Statement week, raising their holdings to $17,536,475,000. The effect upon our own credit position is toĮxcels reserves of member banks over legal requiremeats'were increased $160,000,000 in the statementĬollateral receded $18,000,000 to $294,000,000. Transfer, and definite conclusions cannot safely beĭrawn. It may also reflect some moves of a precautionaryįoreign bank deposits with the Federal ReserveĪre vouchsafed, of course, regarding the huge gold People can not for that reason subject itself toĪction in the name of naleave us about as defense. Technical in character and must in large measure be The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
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