Evening star. [volume] (Washington, D.C.) 1854-1972, 1900-06-06
War in Chips Causes Bear Move.
ment in Stocks.
SELLING Was NOT AGGRESSIVE
Late Dividends Did Not Inspire
Much Optimism.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star

Special Dispatch to The Evening Star
NEW YORK. June 1.-THE selling of
stocks by traders was resumed early this
morning prices shading off easily under a
lack OF public interest. London sold a few
thousand shares. and commission houses
sold some long stock for clients who have
been tired out by the narrowness of specu-
lation.
Inc situation in China was seized upon
ny the room as an excuse for its selling
anu poh'lcs We're again important factor
III the Gays business. There We're no posi-
1--WE evidences Of good buying and no hope
LOT immediate aggressiveness by friends of
higher prices.
Some evidences of important develop
ments in the coal trade were noted and
the coal shares were moderately responsive
to this prospect. An old rumor relative
TO baltimore and Ohio leasing Jersey Cen
ira. was revived and for a time both pron
erues Were gwen some prominence in the
.raolng The lease was said to carry with
~ guarantee of D per cent dividends on
'ne last named road. The expected return
OF Mr. Morgan at early date was also
used as an incident adding color 10 the
report ~ '
Inc Reading issues were bid for very
actiVeiy at one time. but the influence OF
the demand was lessened by the parrou
held in which 1t operated There Is enough
IN rumors of this character to keen the
rallroad consultations fresh in the minds
OF me public. and later In the year some
decided movement should result
Yesterdays action on Sugars dividend
was construed into an argument adverse to
the theory of complete trade harmony In
consequence OF this reasoning traders sold
the stock. but the larger interests contrib
uted little to the price movement
Atchison's dividend, while the best that
was expected. failed to inspire interest OUT
size or the pool and was also a ,lisappont
ment from the speculative standpoint The
entire market drifted about aimlessly dur-
ing the afternoon and seemed devoid of
any pronounced tendency
Inc guinness cannot continue indefinitely
however, and unless the news becomes
strongly favorable the room is likely to
Illuminate the daily course of prices and
force a decline.
me larger railroads are giving excellent
accounts of themselves and would move
up easily In more propitious season. The
TACT that they are allowed TO drift with
the tide simply indicates that inside in
terests recognize that the present is a
good digestive period. The fall will dis
close whatever of merit or demerit there
may be in this seasons undertakings and
once the political situation clears a def
mite OASIS Will be had for new business
me steel stocks are suffering from trade
dlfncultleS and from their classification
among trusts. All shares which are likely
TO be selected as basis for political ar
ralgnment during the summer are passed
by now. The railroads which are consider
ing new alliances consider it the part of
wisdom to withhold conclusions until after
the political squall has passed. Rallies Will
continue to create selling while present sem
timent prevails.