Ogden Standard-Examiner | 1924-04-27 | Page 30 | Reactions in Stock Market

REACTIONS IN STOCK r MARKET ARKET Bond Prices Firm Euro Euro- European European Money Makes Top Rates Oil Falls NEW YORK April 26 re 26 2 Re Resumption Re ot of o bear bea on additional nta uni or bl trade ro- ro report re-porfi re ports port brou gt bout about another noth r sharp h reaction in prices early this w week e I but bur nt nt short hort hort coverIng prompted by bythe the pread pub gl gisen to toi the tue unprecedented short interest And the ere ease In monel rates wiped out most mo t pt pf the losses losse and sent nent Il a number o of stocks l lly abo e lat last w week k a closing flure figures Bond fond prices price held firm the liberty issues l moving Into Dew ew high ground tor the th ear ear earon earon on In active gO gOern ern mental I And nd municipal pal Iu Issues is ue continued to respond to look the th Improved reparations reparation oat oat- look FOREIGN MONEY MOEY GOOD I French and und British currencieS alq alo established ta nc ne top tate late for forthe forthe forth the tear sear r el but reacted later Strength of ot french francs rano w was wa due largely to tp the th belated co cos ering dueI of or I short hort hort Interests Kho ho were b being charged an as much m as a 10 per centa cent centa II a month monib on their unco ered e ed con tracts In European center Sap Jap Jap ane en en broke below 40 cents centon on selling Belline predicted on political de In Ina a Steel shares haru thare d a d off ocr ot In the theof early part ot of I the he eek on reports of oC further contraction In opera opera- opera lion lions and the th tation placed upon the Iho th remarks o Chairman Gory Gary at th lh annual meeting of ot the Ile lh T T- TS S Se t S-ei-t cot cot- coi Subsequent strength wa vae bed on unu u II good tood terl earnings reports report bi b some ome In In- In Independent Independent dependent companies OU lA-IU lA ground on reports report ot oC o a 11 large Increase In lii crude An and re- re refined re refined fined tined stocks Mock on hand In Much March but but- rallied later on th the American institute i leport show sho show show- showing ing an 11 average dally daily decline of 1000 barrel Itt In In crud crude production fore or the week weel nd ended coded d April 19 Improved In a JIlt nith the Ibe higher commodity prices Rail nail shares share er were er some om what hat un- un unsettled nettled un-nettled settled the March larch report re report I port of or the Southern Pacific Pac I tic thorn eho- eho slun- slun Jg a decea e oC D more than 1 1 l in itt net earnings o but this a aas 3 explained later loter a being due I to 10 UnUsually bay bea y maIntenance and equipment charges charce In antici antici- anh anticipation patton pation of 01 the fruit trull crop mo moling mosing Ing season eason