The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-06-06
STOCKS AND RONnS

New York, Jne 5.-There was more
business in stocks today than on any
day of the week. The increased activity
was the result of additional pressure to
sell. A disposition to sell was not con-
lined to any one portion of the list and
was quite evenly distributed among the
usually prominent stocks. The selling
was not urgent, but was persistent and
gained in volume towards the latter part
OF the day. Probably the most effective
single factor in the weakness of the mar
ket was general feeling of anxiety over
the developments in the labor world. The
high tension to which feeling has been
raised in the anthracite region. as shown
by boycott measures and public demon
strations by friends of the strikers.
caused un easiness, which was intensified
by the example of the violence in the
Chicago transfers strike. In the ranks
of the operators and the financial powers
in the coal industry, there was some
feeling 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 I'M
der consideration by the Chief Executive
did not tend to reassure the holders of
stocks of the coal carriers, and they were
inclined to tighten their holdings. Re-
ports that strikers in the Valley Iron
Foundres were prepared to resume work
first called attention in Wall Street to
this threatened trouble in the iron trade
and had rather a depressing influence
than otherwise. The lake freight hand
lers strike and the delay to iron ore
deliveries also received new considera-
ton. The reports of continued heavy or
ders 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 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. The late re-
action in the grain markets after early
strength did not change the weak tone
of the Changers. Chica go and Northwest
ern was marked ~ two points on the
announcement of the long heralded extra
dividend on the stock but half of the
gain was lost. Hooking Valley reflected
disappointment over the declaration of
only the former dividend rate. The large
profit taking in Canadian Pacific at n
total reaction of four points had sym
pathetic effect on the whole list.
The combined effect of various items
OF depression was dribble of realizing
all day which carried prices downwards
until the close which was easy at the
lowest.
Active liquidation of the Central of
Georgia income bonds had depressing
effect on the bond market. Total sales
(par value) 5000 900.
United States bonds were unchanged on
the last call.
The total sales of stocks for the day
were 3S4.300 shares. including the follow
ing: Atchison 1890; Canadian Pacific
IS 100; Chicago, Great Western 1000; Eric
6100: Manhattan Elevated H. 100; Penn
sylvania RAILROAD 6,4o0; Philadelphia and
Reading 40100; PHILADELPHIA and Reading
second preferred $500; Chicago. Milwau-
kee and ST. Paul 10000: Southern Pacific
l. 500: Southern Railway 9,100: Union
Pacific 1850: Amalgamatcd Copper 25,-
500; Brooklyn Rapid Transit $500; Colo
RADIO Fuel and Iron 67c0; American SUI
gar 100: United States Steel $4,000; Uni
ted States Steel preferred 1900.