The Birmingham age-herald., 1902-06-06
STOCKS ANXIOUS OVER LABOR TROUBLE Disposition to Sell Was Very
 Evenly Distributed MESSAGE TO ROOSEVELT Reports of Heavy Orders for All Grades of Iron Did Not Relieve
 the Heaviness of United
 States steel Stocks.
MESSAGE TO ROOSEVELT

New York, June 5.-There was more business in stocks today than on any day of the week. The increased activity was result of additional pressure to sell The disposition to sell wus not confined to any one portion of tue list, and was quite evenly distributed among the usualy prominent stocks. The selling was not urgent, but was persistent and gained III volumc towards the latter part or the day.
 Probably the most effective single fac tor in the weakness of the market was a general feeling of anxiety over the de- velopments in the labor world. The hgh tension to which feeling has been raised in the anthracite region, as shown by the bcycott measures and public deinopstra- tions by friends of the strikers. caused une asiness, which was intensified by the example of the violence in the Chicago teamsters' strike. In the ranks of the operators and the fins pciaf powers in the coal industry, thero was some feeling manifested over the step taken by the New York board of trade and transporta- ticn in sending a massage to President Roosevelt to intervene and to take meas ures to effect settlement of the question in dispute. Tne report from Washington that the question was under considera- ton by the chief executive. did not tend to reasuuTe the holders of stocks Of the coal carriers, and they were inclined to tighten their holdings. . Reports that strikers in the valley iron foundriss were prepared to resume work first called at tention in Wall stceet to the threatened trouble in the iron trade and caused rather a depressing influence than other ise. The freight handlers strike and the delay to iron orc deliveries also re- ceived new consideration.
 The reports of continued heavy orders for all grades of iron products for deliv- cry far in the future did not avail to re lieve the heaviness of the United States Steel stocks, and other iron and steel stocks. The selling of the Changers seemed to be due to some extent to re- ports of too abundant rains in the south west and also to the falling back in the figures of receipts of corn Chicago and Northwestern was marked up two points on the announcement of the long heralded extra dividend on the stock, but half of the gain was lost. Hooking Val ley reflected the disappointment over the declaration of only the former dividend rate. The large profit taking of Cana dian Pacific at a total reaction of four points had a sympathetic effect on the whole list. Amalgamated Copper was de- pressed by the weakness of the market for raw copper and was not affected by trade circular pointing out great inn provement in trade. The continued rise in sterling exchange gave rise to some apprehension that exchange had started towards the gold export point on account of the easier tone of the money market. The approach of the crop moving period Is constantly narrowing the time before the interior demands of currency will begin to depete the supply of funds available for speculative use.
 The combined effect of the various items of depression was a dribble of realizing all day which carried prices downwards until the close was easy at the lowest.
 Active liquidation of the Central of Georgia income bonds had a depressing effect on the bond market. Total sales, par value, $2, 790,0 GOO. United States bonds were unchanged on the last call.
 New Sork Stock Market.
 B, frvate Wire Murphy q cm