The San Francisco call., 1907-03-16
S. Work stock NsnrEcr

NFN YORK March I5.--Iesferdays presages
of further disaster 10 the stock market were nol @
fulflled today. A violent rebounI in prices &c
CURED instead. The change n eonoltlohs Mss
outlined before trading began hsfe 10y rhe vice
advances established IN london Frices rpeheu
,erc ia couseQuenre At spsSmodic recuTerles from
the demorslized closing yesterdsy- tbs lnFll ing
wiid auctuafions fhdiosting that some accounts
were hastily closed out which mad oeen carried
through yesterday- presumably wiz a. gl'nss..'' -
This realizing shook uie maiket b2oR 10 .
time and the violent reaction caused a revival
81 acute uneasiness But the support maze
itself effective again. ano II became efisent .r !
fhsf the psuic conditions have subsidized The
market remained feverish. hut the violence OF
the fluctuations was in diminislliig oegtee-
The appearance of brokers' Offices this morn
ing indicated the arrival in the neld m iolce
of the class OF buyers known N Mali sueet AZ
bargain hunters. II is estimated tAat purchases
during the dsv IN some lots BY buyers OF TINS
! nd agerecated several hundred thousand snares
Stocks thus bought go out Of the street ana sp-
r,e,r no more until some distant period of in
fafion and excited succession Wnen lneH att
added agsin 10 the burden thar MAKE e. e. p t1sI
lIlst0rs Of boom obliged 70 care TOT 4 tnsul.
Ruving Of this class in such volume on a single
dav Is rare. and formed positive supporting
factor in the market. Alnch efealer vas u
sentimental effect IN reassuring holders of stocks
that the frenzied selling OF yesterday ST me
extreme declines was sn unneeessars ssel.lio 20
the ufter prosfrafion Of investment demand,
which was one Of the gloomiest portents q yes
Rrf the readiustment of sentiment was not
achieved without sn exertion oi large degree
M m
shame OF liberal buying orders. distributed m
tho princiual stocks. for the account ~ large
banking houses a. = result NJ consultations ~ %
10 hsve heen held last night after the oenora !
ized closing of the market The taking Of Sucn
measures Of security was cons iderec am was 70
prevent the melting sway az values from run.
ming 10 lengths which might threaten the general
credit situation.
Al good eject vss produced By the orders Is
sueS bv the Secretary of the Treasury srrei
the closing Of the msrket yesterday. slthoueh
some doubt existed IS - the pfacti's4 hesu''
10 the money market ~ follow
The promise Is for weak bank return 10
morrow II not p deficit below the legal require
tnents The loss IN cash Is larger than the
s,Yrnlus as il existed last week. and u rs be
Iiered bv bankers that the loan contraction ~
stock market iaudation has been fully onset by
fhe snecial requirements for credits IL connec-
fiou with fodar's sentiments Call money 70
dar was not 50 much in demand - yesterday
The market showed : growing effect Of the res
forstfou of confidence and closed buoyanf some
~ the DAYS advances. while of sensational pro
,orfiope did not restore the losses m the single
dar's selling ~ yesterday
Ponds were active and irregular. Total 50 los
mar value So Ts2 600. United States new 9s
advsncec = per cent on call
New York stock List
r. p Hutton g. Co.. 400 California street
r,eu,hers of the New York Stock Exchange,
furnish the following list Of bond and stock
sales yesterday