Late Selling Wave Pushes Stocks Moderately Lower
NEW YORK, June 3ÛÓSome late selling pushed stock-market Û¢ .prices moderately lower today in at'-virtual replay of MondayÛªs session.</br></br>The marketÛªs spring rally has faltered; of late as interest rates leveled off, ending one of their sharpest declines on record.	;	Û¢</br></br>Investors' also have been confronted with a steady barrage of adverse economic news. On Monday the Commerce Department reported that orders received by the nationÛªs factories tumbled 5.5 percent in April for their sharpest decline ÛÏsince the last recession.</br></br>ÛÏThe spring raUy began -just1 six weeks ago today, and since rallies over the past few years havo generally lasted.from four to six weeks, the current one may,be starting to encounter a longevity problem/Ûª said Newton Zinder at E. F. Hutton & Co. ! International Business Machines was the most active NYSE issue as of 4 p.m. close in New York, up % at 56% on turnover of better than 650,-000 shares. A 166,000-share block traded at 56%.</br></br>But several other leading glamor issues lost ground. Walt Disney Productions, which announced changes in its management organization fell 2 to