Show TRADERS FEAR Mil I PROSECUTIONS c f- f Expectation of Criminal Proceedings Proceedings Pro Pro- Against Railroads Railroads Railroads Rail Rail- roads Hurts Prices PRICES CLOSE AT LOWEST LOWES' f- f I C AKKI Il o Hear BlU IO limited hy It Liquidation on in III the I of Weak hollers Holders r Now New York Toik June 23 Formal l. Announce- Announce inuit nent of oC the Intention of or the federal Go Gov- to Institute criminal proceeding elIn t officials of oC the Standard Oil corn com pany of oC certain railroads on Oil charge i. i 1 of tj aJ alleged tl rebating had an all adverse oner nn the stock market the thc start star this morning Th Then Then- fe was a continuation of or aggressive hear bear pressure accompanied by Iy some further liquidation on tho Uw par part of oC the weak holder Before th the end o of oC the first hour however absorption o or of stocks on the way vay down I by lIy strong hUen buy hU- cr era en began hgan to make makl felt cit and there then Was wag as a moderate rail rally In the lie whole mar mar- kel Icet Ct which however as a rule ride failed Called t to bring quotations up UI to cbs clos lug Ing level le The one strong feature of oC the UK list wai Baltimore and Ohio which a aono at aton ono on time showed sho a gain aln of a full point although h It subsequently lost Hank Halll Statement 1 Fn The Tue hank bank statement made an excellent showing and ws In fact of or a much more favorable character than had be been n cx- cx peeled Flits exhibition however fell Cell ab flat and following the publication tion of the lie clearing house houle I statement ment another another an an- other sharp drive was va made a against t the leading beading stocks forcing prices downward to 0 the lie lowest level le of the day In the tho railroad list losses ranging from roan ik f to tc 2 2 1 t per cent were quite general Baltimore and Oh Ohio io being the only ani stock in this department that hiLt held stead steady at 11 Heading Head ing was under considerable pr pressure only feeble support appearing In this quarter r The quotation was marked ed down don n to H u loss of oC over seven per fler cr cen cent t. t Such other market leaders as St. St Paul and Union PacIfic went vent off rather easily declining HJ H 14 per Ier cent each ach while Louisville and Nashville suffered to the Some same extent 1 I Industrials lIeI Unsettled Un Talk of oC an early arl dividend lend or rl rights tats on Southern Pacific failed to afford much Inspiration for Cor the lie buying of this stock ond It sustained a n maximum loss of or 1 per cent The industrial list list if anything was va rather more unsettled um than the railroad rail road romI shares hares A severe attack on Amalgamated Amal Arnal- Copper uncovered d n numerous u stop orders and th the price C fell II 1 per pet cent to toJ J par lal United States Steel stocks lost lo t over o overa oera a full point the common declining to within J per cent of the low record for forthe forthe the year Smelting Smelling and Refining fell ell over 2 Ih per ter cent and Colorado Fuel was down two points In th the local traction list In- In common fell ell a full point while Brooklyn Rapid Transit W was 1 exceptionally weal weak on the tue continued n agitation of oC tho five cent fare to all ali points In the borough orough of oC Brooklyn The stock stadt lost nearly three per cent The rho selling movement mo continued up to the end nd of or business s and amI the thc market closed closet weak with prices s 's averaging about the tho lowest of or the da tiny lay Government bonds were vere unchanged Railroad antI other oilier bonds lower The range of prices as follows I Open Open- Low LO Clos Copper itri v- v I J 10 I Am C. C and amt I F is S Soi Am hoco 0 t 4 ro CO I m. Am S. S and n. n HS liS' liS HG 1 r. r l HC I ll c U ue n. n lie Am m. m Sug SUs Ref i 4 2 I Ana Min lIn Co U 21 on Si SOV-i SOV SS SS 88 Sk I t Preferred I 1024 1 io H II n. and Ohio uS II n. 11 n. Trans SO SO 1 SOVi W 77 8 78 Can Pacific 1 1 J If Chos and nOlI Ohio s SS tt S S KV SIL JJ 17 C C. Gt Ct West 17 1714 d 17 17 17 C M. M 1 and St St. 1 M f C. C 1 F. F r. r 52 33 W C. C and Sou South t h. h 33 33 I 33 l 33 IR 18 IS i I IS I nl and dH fl G. G 4 42 4 I 12 Ill I'll Dis Ifo Sec ec t 50 53 Erie Erlo I 43 3 1 42 4 I i l KS g rs Ill Central ll lit 11 1 L. L and nd N N. I lit lii I Max Central 4 22 JI 22 2 1 22 2 22 M Mis Nis Pac x 93 03 03 Nat Lead 71 11 I a 71 71 71 N. N Y C Cent en t 13 1301 tI IWi IH or N. N Y 1 O. O and W W. 43 4 9 49 IS S SlAt i N N. nm and Western K m U K 14 U W RS J Pennsylvania I 1 13 1334 1 1 1 I IV 13 nulL v i i t ii fl 9 fiAl MI f LL yas I R. Rending t 1 13 13 Steel 23 28 Z Rock Hock Rep Hep 1 I. Co I m. m 2114 m 21 21 H St. St I. I S. S W. W 21 21 21 1 21 Sou South lh Pac 6 A roh Gi lI RS South fly Ry j or Union Pac lIS Hio 37 L 3 U. U S. S Steel 37 J Preferred 10 IlL I'lL W IO Nor flor Pacific 2 20 2034 H |