The times. [volume] (Richmond, Va.) 1890-1903, 1902-06-06
increased Volume Result Of Ad,
ditional Selling Pressure. 50
ROT URGENT, BUT PERSISTENT
inost Effective Single Factor in Weak
ness Was Feeling of Anxiety Over
the Labor Situa.ion-The Close
Was Easy at Lowest
fRy Associnted rress.l

NEW YORK, June 5.-There was more
business in stocks to-day than on any
was q result of additional pressure 10
sell. The disposition 10 sell was not con,
iined to any one portion OF the Asl a,i ~
was quite evenly distributed among tne
usually prominent stocks. Inc senne
was not urgent but was persistent ana
gained in volume towards the latter part
OF the day. Probably the most elilclent
single factor in the weakness OF the
market was a general feeling of anxiety
over the developments in the labor woIlS.
The high tension to whlch 1eeing mas
been raised in the anthracite region as
shown by boycott measures and public
demonstrations by friends OF the strikers
caused uneasiness which was lntenslileu
by the example of the violence In the Chi
caro teamsters' 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 thS
New York Board Of Trade and Transpor-
tation in sending petition to the Presi-
dent to intervene and take measures to
effect a settlement of the questions in
that the suggestion was under considera-
ton 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. Reports that
strikers in the Valley Iron Foundries were
prepared to resume work first called at
1ention in Wall Street to this threatened
trouble in the Iron trade and had rather
q depressing influence than otherwise.
The lake freight ladders, strike and the
delay to iron ore deliveries also received
new consideration. The reports of con-
tnued 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 stock and other
iron and steel stocks. The selling of the
Erangers seemed to be due, to some eX
tent, 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. Chicago and
Northwestern was marked up points on
the announcement of the long heralded
extra dividend on the stock, but half of
the gain was lost Hooking Valley re-
1lected disappointment over the declara-
ton of only the former dividend rate.
The large profit-taking in Canadian Paci-
lfc at a total reaction of points had a
sympathetic effect on the whole list.
The combined effect of various items
of depression was a drihble of realizing
eli day which carried prices downwards
est.
Active liquidation of the Central of
Georgia income bonds had depressing
effect on the bond market. Total sales
par value s2,970o0G. United States bonds
were unchanged on the last call. Total
sales of stocks to-day We're $4,000 shares.
MONEY AND EXCHANGE-Money on call
steady at and 3h per cent; closed, offered
Mt B.; prime mercantile paper 4 and Az per
iness in bankers bills at s4.s7ss @l.s71s for
demand and at S4Sif IL Ass for sixty days:
rosted rates ss.s51s 94.ss and s4.ss@4ssls;
cor eommercial bills sas4 x G4:ssA: bar silver
,tseady;; tsate bonds. easy; railroad bonds.
heavy.