The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-06-06
STOCKS AND BONDS.

New York, June 5.-There was more
business in stocks today than on any day
Of the week, the increased activity was
a result of additional pressure TO SELL
The disposition TO sell was not confined 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
IA the weakness OF the market was a
general feeling of anxiety over the de-
velopments In the labor world. The high
tension 10 which feeling has been raised
in the anthracite region. as shown by the
boycott measures and public demonstra-
tons by friends OF the strikers. caused
uneasiness, which was intensified by the
example of the violence in the Chicago
Transfers strike In the ranks of the OPP
orators and the financial powers in the
commercial industry there was some feel
ing manifested over the step taken by
the New York board of trade and trans
portation in sending a petition to the
president to intervene and take measures
TO effect settlement of the questions in
dispute. The report from Washington
that the suggestion was under considera-
ton by the chief executive did not tend TO
reassure the holders of stock of the coal
carriers. and they We're inclined TO
tighten their holdings. Reports that
strikers in the Valley iron foundries were
prepared TO resume work first called at
tcntion in Wall Street TO this threatened
trouble in the iron trade. and had rather
depressing influence than otherwise. The
lake freight handlers strike and the de-
tail to curtail ore deliveries also re-
ceived new consideration. The report of
continued heavy orders for ali grades of
iron products for delivery far mao the
future did not avail 10 relieve the heavi-
ness of the United States Steel stocks and
other iron and steel stocks. The selling
O. the Ggangers seemed TO be due. to
sc me 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 mar
kets after early strength did not change
the weak tone OF the Changers. 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 Val
ley reflected disappointment over the
declaration of only the former dividend
rate.
The large prcft-taking in Canadian Pa
cif1c at a total reaction of points had a
sympathetic effect on the whole list.
Copper was depressed by
the weakness of the market for raw cop
per. and was not affected by a trade cir
cular pointing out great improvement in
the trade. The continued rise in sterling
exchange gave rise 10 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
the time before interior de-
mands for currency will begin 10 deplete
the supply of funds available for specula-
tive use The combined effect of depres-
sion was a dribble of realizing all day,
which carried prices downward until the
close. which was easy at the lowest. Ac-
tive liquidation of the Central of Georgia
ircome bonds had a depressing effect on
the bond market. Total sales. par value.
s., 10000. United States bonds were all
on the last call.