Evening star. [volume] (Washington, D.C.) 1854-1972, 1903-05-27
Buying Orders Strengthen
the Morning Market.
REALIZING FOLLOWS
FREE SELLING OF ROCK ISLAND
MAKES WHOLE LIST SAG.
st. Paul and Pennsylvania Move Up
Active Issues Generally Sluggish
and Irregular in the Afternoon.

NEW YORK, May 27.-Buying orders on
considerable scale were executed at the
opening for some of the prominent specu-
lative stocks, causing large fractional ad-
vances. United States Steel preferred rose
y. and st. Paul, Missouri Pacific. Rock
Island and National Railroad OF Mexico
preferred gained upward of u. Consoli-
dated Gas, selling ex-dividend. rose Ia.
There were a few fractional declines. but
the general tone of the market was firm.
The firmness of the market was under
mined by free selling of Rock Island. the
large offerings OF this stock arousfng some
misgivings. Realizing in the United States
Steel stocks and Southern Pacific also con-
trfbuted to a general reactionary move
ment. but the losses were small outside of
Rock Island. which yielded a point from
the highest. Purchases of large blocks of
Pennsylvania carried 1t above 12S- Some
of the transcontinentaI stocks recovered to
the opening level Rock Island however.
continued heavy. Important gains were
scored in minor properties. Minneapolis and
St Louis rising and National railroad Of
Mexico preferred Delaware and Hudson.
the Iowa Central stocks. Southern railway
preferred. the Minneapolis. St. Paul and
Sault Ste. Marie stocks, General Electric.
Twin City Rapid Transit and Tennessee
Coal. l to 1%.
st. Paul and Pennsylvania were we'll sus-
tanned. the former rising 1h. but the active
list generally was sluggish and irregular.
Rock Island was under pressure and sag
ged below 81, and there were heavy spots
among the coalers. trunk lines and Pacifics.
A rise of in Western Union was ascribed
to the Injunction against the further cut
ting of its poles along part of the Penn
sylvania route. A number of specialties
and low-priced stocks rose from 1 to or
over. including Hooking Valley preferred.
Colorado and Southern first and second pre-
ferred. st. Louis and San Francisco second
preferred.
Free buying of Reading lifted IT across 80
and the active list frmed up for a time.
Large selling orders were executed in all
the favorfteS later and most of them de-
clfned to the lowest Rock Island and
Southern Pacific felt the pressure most the
former declining to 36h and the latter to
JOh. United States Express advanced GU
Stocks were pushed up again. st. Paul
making an exceptional rally to 15lI1 Prices
again sagged all around owing to the prac-
teal stagnation of the demand. Rock Is
land went a shade lower than before and
the general list about reached a parity with
the low level Of an hour ago. .-'-
Today's Cotton Market
NEW YORK, May N.-The volume OF
speculation in the cotton market was small
this morning. The overnight developments
were conflicting. Liverpool at the time of
the local opening was about as expected on
the old, but higher than due on the new
crop. The market here opened 2 points
lower on the near months and unchanged
to points higher on the late positions. the
greatest loss being recorded in August.
which sold at 1910 on the call. Following
the call the market ruled quiet but after
declining to points further on the near
positions was about steady.