| Show STOCK MARKET STANDS UP WELL YELL Indications f That Money Will Wi Be j Forthcoming to Cover Insurance Insurance I ance Loss at San Francisco RATE WILL BE 6 PER CENT LITTLE BUSINESS TRANSACTED YESTERDAY Y New York April Apri 25 s stock mar marcet hot was wa a repetition in most respects respect of I that hat of yesterday but with a noticeable shrinkage In the volume of activity and added force to the late reaction the ir in regular upward movement resulted In much hesitation at the higher levels fol lowed owed by an abrupt fall fal at the last lat The buying was attributed largely to the ac account account count of professional operators who failed to o discover disco er any important pressure to sell sel and ind turned to the long side accordingly The he free pressure of liquidation and even if Jr f the money mone market were accented as nc an indication that the most urgent necessities sites of the th San Francisco Francsco loss have haye been provided for Opinion Is not so clear clear of the he ultimate needs especially provision for or paying insurance losses There was wasa a further movement of currency toward San Francisco but not on as a large largo a ascale ascale scale cale as on previous days since the calam clam It ity ty This caused a feeling that the cash ch x thought to be needed bv by b the San Francisco Francsco banks to meet the first calls cals upon them when opening for business was was approaching completion The necessary building up U of cash ch reserves is a part from rom the demand for credits and for cap Cp tal ital ial which will wi follow when the work of rebuilding begins Published details of the securities held by the great geat fire fre insurance companies were found to contain invest investment Investment investment ment stocks almost altogether The rhe firm firmness firmness firmness ness of the time money market for tor loans l ans extending to six months and over oer at 6 per cent was regarded as fixing the rate which insurance companies will wili wi have to pay in attempting to borrow rather than thano to o liquidate securities The probability of considerable liquidation was considered strong in view of this money rate rate Sub treasury operations indicate a loss by the banks anks bank for the banking week thus far of but this includes some part al although although though hough not all al of the gold arrivals against which government funds were deposited with wih banks and which are coming back Into nto th the as a they arrive Reading Heading was prominent among the strong 1 stocks owing owing to reports that the anthracite anthracite cite scale s ale committee assembling at j sbarre would have hae propositions to tomake tomake I make mae to the operators which would lead to an adjustment I I Union Pacific was well wel supported and Amalgamated Copper was helped by b strong advance in the foreign price prie for forthe forthe forthe the metal metal The United States Steel stocks stoCks got little advantage from the very favor favorable favorable i able showing of net earnings in the IUar quarterly erly terly terl report selling to take profits more than overbalancing the new demand The rhe break in Consolidated Gas Ga was influential in the renewed decline which set In late in the day and swept sept prices comprehensively to below last lat nights level leve Selling was wa actively In force at the weak close close Bonds were irregular Total sales par value 2155 United States State bonds bond were all unchanged on call i |
