The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-06-06
STOCKS AND BONDS.

New York, June 5.-There was more
business in stocks to-day than on any
day of the week. The increased ac-
tivity was a result of additional pres
sure to sell. The disposition to sell
was not confined to any one portion
Vided among the usually prominent
stocks. The selling was not urgent,
but was persistent and gained in vol
ume towards the latter part of the
day.
Probably the most effective single
factor in the weakness in the mar
ket was a general feeling of anxiety
over the developments in the labor
world. The high tension to which feel
ing has been raised in the anthracite
region, as shown by boycott measures
and public demonstrations by friends
or the strikers, caused uneasiness,
which was intensified by the example
of the violence in the Chicago team
sters' strike. In the ranks of the OPP
orators and the financial powers in
the coal industry, there was some feel
ing manifested over the step taken by
the New York Board of Trade and
transportation in sending a petition to
the President to intervene and take
measures to effect a settlement of the
questions in dispute. The report from
Washington that the suggestion was
COHSlu0TdllOn Dy the CnleI exec
utive did not tend to reassure the hold
ers of stocks of the coal carriers and
they were inclined to tighten their
holdings. Reports that strikers in the
valley iron foundried were prepared to
resume work first called attention to
Wall street to this threatene trouble
in the iron trade and had rather a
depressing influence than otherwise.
The lake freight handlers strike and
the nElaV iron daliuoriac oil
received new consideration The re-
ports of continued heavy orders for all
grades of iron products for delivery
far into the future did not avail to
relieve the heaViness of the United
States Steel stocks and other iron and
steel stocks. The selling of the grang-
ers seemed to be due to some extent
to reports of too abundant rains in
the Southwest, and also to the falling
back in the figures of receipts of corn.
The late reaction in the grain markets
after early strength did not change
the weak tone of the grangers. Chi
cago and Northwestern advanced 2
points on the announcement of the long
expected extra dividend on the stock.
but half of the gain was lost. Hook
ing Valley reflected disappointment
over the declaration of only the for
mer dividend rate. The large profit
taking in Canadian Pacific al a total
decline of points had a sympathetic
effect on the while list. The combined
effect of various items of depression
was a dribble of realizing all day.
which carried prices dowrNvards un-
til the close, which was easy at the
lowest.
Active liquidation of the Central
of Georgia income bonds had a de-
pressing effect on the bond market.
Total sales, par value, $3.50 900. u.
s. bonds were unchanged on the last
call.
Total sales of stocks to-day were
$4,000 shares, including Atchison,
17.300;. Canadian Pacific, 3s,100; Chi
cago Great Western. 500; Erie, g.
100; Manhattan, 1900; Norfolk and
Western, 5000; Pennsylvania, s4O0;
Reading, 40.100; do second preferred,
$500; ST. Paul. 10000; Southern Pa
cific. 13.60O Southern Railway, 800;
Union Pacific, 1880; Amalgamated
Copper, 25.S00; Brooklyn Transit, $500;
Colorado Fuel 800; Sugar, 100; Unit
ed States Steel, 5000; do preferred,
10,400.