The Birmingham age-herald., 1902-06-10
STOCK DULLNESS
 WAS UNRELIEVED Inertia of Prices Not So AbSO-
 Iute, However A FEW BUYING ORDERS Demand Subsequently Died Away, But the Higher Level of Prices Was
 Pretty Well Maintained
 During tho Day.
"A FEW BUYING ORDERS

New York, June 9.-The dullness of trading in stocks was unrelieved today, but the inertia of prices were not quite so absolute There was a scattering dis tribution of buying orders during the early trading which lifted prices slightly. The demand subsequently, died away, but the higher level of prices was pretty well maintained during the rest of the day. News of weather conditions favorable to all cropo seemed to be the cause of the buying which was most rampant in Atch- ison. That stock and St Paul were nov ed up a point. Vague rumors were cur rent all day of a coming settlement Of the coal strike and operators In stocks professed satisfaction over the soft coal miners strike. The public statement made on behalf of the anthracite operations declaring themselves satisfied with the success attained in preventing damage to the mines in flooding, was also cited by buyers of stocks. The presence In the city of the United States commits Honer of labor and the interest in the Btrike thus manifested In behalf of the President were variously regarded. The question of the statutory power of the President to actively intervene, how ever, seemed to afford most satisfaction to those interested in stocks. Readings gain reached point The rise of IF on Hooking Valley was apparently due to the fact that the trouble has not affect I'd its territory. Sugar had the benefit of rise in the price of refined product and of hopes of an agreement of Cuban reciprocity at Washington. The raising of the dividend rate of the Chicago. Min neapolis, St. Paul and Omaha, follow Ing that on the Chicago and Northwest ern, kindled hopes of increases in other stocks
 The market never showed the slightest animation, but such sluggish advances that took place were due to these causes. The money market showed a hardening tendency, rates for time loans advancing to AZ per cent, and money lenders ex- pressed the belief that call loan rates would shortly advance. The money sit uation is obviously an important repres- sye influence on speculation. So also is the question of the ultimate effect of the ending of the Boer war. There has al- ways been a question of the effect pro- duced upon industrials' reaction in Eng land and Europe by the Boer war and the cutting off of South American gold and the new competition of the United States respectively. There is also the question now whether the stimulation of peace is to be diverted from the United States in the revival of English and con- tinental industry. The substantial basis raised there by a long process of hqui- uation favors such an assumption but the immense undeveloped field still re- maining in this country must be borne in mind, as was strilSingly shown by our continued heavy borrowing from foreign CTS. even while our own wealth was in- creasing the fastest. The field for new development in the old countries Is nat lily much more restricted, but the question of possible withdrawal of for eign credits from the United States as a result of the ending of the Boer war is an n one and is attentively considered In American financial circles.
 The bond market was dull and irregu- lar. Total sales, par value, $1,2150OO.
 United States 2s registered declined h and the 2s coupon, the 9s and the 5s K per cent on the last call.
 New York Stock Market.
 By Private Wire to Murnhv 4 Cn