The times. [volume] (Richmond, Va.) 1890-1903, 1900-06-07
STOCK MARKET
WAS QUITE WEAK
The Developments in China Had a
Bad Effect.
MONEY CONTINUED EASY.
In Spite of the Heavy Drain on Local
Banks by the neutrality-suspicious.
Were NScaher in Sympathy
With Stocks.
MONEY CONTINUED EASY.

NEW YORK, June 6.-About midway of
tc-dayS session OF the STOCK tAchdllsS
there was a rise of } points in New JeT-
Bey Central on ruTnorSE Of control by bai-
Gmore and Ohio This incident offered an
Isolated feature OF strength in the DAY
market and caused the only brief respite
from the mood of depression Whlch pre-.
vailed all day. The most effective SlnSte
factor was the wariil1e Developments IN
China. This influence was rejected IN
New York from foreign stock markets
from the opening here and LonGonS ac-
tual sales IN. this market on that account
ran up to about 3n.oeV shares, haIi OF
which We're of Atchison preferred. EEeIl
as a direct influence this selling mad a
notably weakening effect in SO marrow d
market as no ~ prevails.
The sympathetic effect of the forelgn
weakness was even more marked. Wall
Street entertains no great apprehension
that the United States will become al
rectly involved in the dltllcH .l., I'm ~,
capital in foreign money markets ana lhe
extension of American commefciai mt
ests have grown to such proportion ina
any event which would precipitate nquI-
dation in the foreign markets must re
reflected directly and strongly IN INT. lils
United States. Besides the ne"s rom 3i
China, foreign markets We're AFFECTED by
the tightening of the money rate IN Lon
don and Paris and slightly easier tone
in the Berlin money market was !loC
sufficient TO offset othef uepiessili7
The break in the foreign prices OF iron
and rurnors of further concession IN IRON
prices in this country einI3hasizeu tiie
Weakness of stocks, both abroad ana IN
This country News of the domestic
iron trade was confused. reports OF de-
clirling prices being mingled with reports
OF reopeninsy of some mills recently ci0sea
down Tennessee Coal was the weakest
of the steel group and lost "a
In the general list prices We're Ven, Wear
throughout, but stocks which nave sl nov.
some strength recently we're most dIle att
ed. Atchison preferred, st; paul, bait-
more and Ohio, Unioan pacilc ana I,oG,"
VILE were examples Denver ana t.lo
Erande preferred fell. 2la points on ru-
1nnrs of the acquisition of the Colorado
Midland nv rival interests, ana Great
NortI7ern preferred declined points.
There is growing uneasiness IN SpeculLd-
rive circles over the prospects OF Ine
wheat crop. based upon the low coiIi-
ZION reDorted to-day from ONO ana INC
-nnt;n1,e9 drought in the Northwest
The converting of the JOINT fassel! s,et.
Commission in this city, ana the lase'it.s
fn-Tonrrow of railroad presidents TO az
tsr1nt an adjustment OF rate difilcultles.
calls attention TO that source Oh daiisei
10 values OF railroad sec ~ .s.,- ~,
sr,t+a of ,lle ia king up by the Sub-IIeaSsoo
80 rom the local banks of 92,"doupo
his far this week. This gain by lle
sI,hTreas,,ry is due TO the ca!llhs III "
Government deposits from rom, oiiS .o III.
and The money viii be returned 70 ny :,
CHANNELS OF the market as soon as NY
,1ar. cent. bonds which have been caiieu
sra presented for redemption ,,
The bond market weakened IN sAl nis
thv with stocks on a 1nodefatS sois 81 r05-
business. Total sales, par satd i.,,,sred IN
coo United States bonds unchahSeu III
pi ~ go1 Iofai sales of stocks to-day were
.,Io 500 shares