Business: No More Others

On the floor of the New York Stock Exchange, high in the arcade between the main floor and the annex, hangs a two-sided electric board operated from the money desk. About 10:40 a. m. every week day except Saturday two numbers appear on the board big enough to be seen by the oldest member, important enough to be heeded by the youngest. One number is the new interest rate brokers must pay for money loaned to them on call. The other is the renewal rate on old loans.

Since 1917 the Federal Reserve has published weekly...

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