Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-04-21
Today's Transactions Were on
a Small Scale.
CONTRACTS CLOSED OUT
The Price Movements Continued Ir-
regular.
CURRENCY TRANSFERS OFFSET
Gratifying Mercantile Reports-Lon-
don Was Heavy-Striking Changes
In Bank Statement.
CURRENCY TRANSFERS OFFSET

Special Dispatch 70 The Star.
NEW YORK April 21.-Transactions In
securities were upon comparatively snaii
scale on the stock exchange today, and price
movements continued irregular There
seemed to be a general disposition on the
part of the professional element to close out
contracts at the end of the week on both
sides of the account. misleading to the I'M
certain movements mentioned. While the
mornings advices from San Francisco were
somewhat confusing. conditions at that
point showed broadly some improvement
and It was commonly thought that the
worst was now known with regard TO the
great disaster on the Pacific slope.
There were further very heavy transfers
of currency made through the subtreasury
to the stricken city. but the influence OF
these remittances was more than counter
balanced by the indications that very largs
importations of gold were IN process OF ar
arrangement. and will probably be definitely
announced early the coming week 1t was
commonly expected that the bank statement
would show a great increase surplus reserve
a result of last weeks operations by the
subtreasury in connection with the gold i'm
ports already contracted for.
The weekly reports of the mercantile
agencies were gratifying exhibits except
in so far their showngs were qualified
by the California catastrophe. The LONDON
stock market was generally heaVy, reHeCt-
ing the further liquidation of securities APP
parently by the great fire insurance COM
panies and American stocks showed small
and irregular changes in comparison with
New Yorks fall figures of yesterday. Ope-
rations here for foreign account showed
small preponderance of sales.
The Largest Transactions.
Transactions were largest in the United
States Steel shares Union Pacific and
Amalgamated Copper. The first named
were decidedly strong. both on account of
the publication on Tuesday next OF the
quarterly report of earnings by the corpo-
ration. and also on the notion that the
company would benefit tremendously
through the rebuilding of the devastated
cities of California. Amalgamated Copper
and Union Pacific moved irregularly.
As had been expected. many large ana
striking changes appeared In the Items OF
the weekly bank statement Actual cash
holdings increased S1T.994, 600. a sum con-
sderably in excess of even the largest OF
the preliminary estimates. This gain. of
course. reflected chiefly last weeks deposits
by the subtreasury in connection with the
facilitation of the import movement OF gold.
The loan account showed expansion
of $s,l53.OOO. which, together with the
change in the cash item. quite closely
reflected IN the deposit account which In
creased So, 500, Geo. In consequence of the
changes In deposits and I'm cash, reserves
increased S11 .594 600. and the banks now
hold i6.366.U00 in excess Of the lawful re-
quirements- Surplus reserves in the cor
responding week of last year were 81 AS
600. in 1901 S34, POO, 900 and in 1905 SO 49,
600