What Did Happen on U. S. security and commodity exchanges following President Roosevelt's devaluation of the dollar: A series of 3,000,000-and 4,000,000- share trading days on the New York Stock Exchange that whipped the week's total transactions to the highest level since the whiskey boom last summer.
A rise in the Dow-Jones industrial stock average to a New Deal high at 111up 61 points from last year's low.
A $40,000 price rise in stock exchange seats to $190,000.
A $109,000,000 increase in loans to brokers.
A roaring bond market which set a twelve-year...