Evening star. [volume] (Washington, D.C.) 1854-1972, 1903-06-03
Coal Read Stocks Decline and
Strike Rumors.
IRREGULAR MARKET
BUYING ORDERS CAUSE LEADERS
TO RISE.
st. Paul, Missouri Pacific and Union
Pacific Taken in Large Blocks
Gains for Minor Issues.

NEW YORK, June 3.-The market lead
ers were generally lower at the opening
today. but there were gains elsewhere
which made the tone irregular. The coal
ers led the decline on account of intima-
lions Of renewed labor troubles Reading
losing about a point. The Canadian stocks
made sharp recoveries. Twin City Rapid
Transit raliying III and Canadian Pacific
Is, but the latter stock Immediately reacted.
Union Bag preferred rose point.
Stocks which were bought on the break
yesterday for a turn were realized on. and
declines in the first few minutes reached q
point in ST. Paul. Missouri Pacific. Rock
Island, Baltimore and Ohio. Chesapeake
and Ohio, Reading and Delaware and Hud-
son. The Canadian group was somewhat
steader. a rise OF 3la in Twin City Rapid
Transit infusing a better tone to these
stocks. Minneapolis, st. Paul and Sault
Ste Marie reacted IN. but recovered par
TALLY, while the preferred stock advanced
3 points AIlis- Chalmers declined T. Realty.
preferred gained III and st. Louis and San
Francisco certificates Ia Prices of the
active stocks were better at IL O'Clock. but
not up to yesterdays level.
The market became active on a rising
scale. The average of prices recovered TO
last nights former prices, and in some
cases. notably the coalers. slightly above.
others gained point The gains In Cana
dian Pacific reached IA. Twin City Rapid
Transit Az, and Minneapolis. st. Paul and
Sault Ste. Marie preferred g. Sloss- Sheffield
Steel lost ia but rallied to tx over last
night. National Railroad of Mexico pre-
ferred and Minneapolis and st. Louis lost
point. When selling orders were encoun-
tered on the advance the market became
dull. Bonds were steady at noon.
Buying orders were literally distributed
| among the active leaders and they advanced
a good fraction above last night. st. Paul.
Missouri Pacific. Union Pacific and Erie led
the movement and were bought in large
blocks
Several minor stocks also made substan-
| tial gains, including ST. Joseph and Grand
Island first preferred and Toledo, St. Louis
| and Western stocks.
The uplift of prices continued, but some
| what uneyenly. and with occasional pauses
| as large offerings were met. Gains reached
a point more in ST Paul, Wabash pre-
ferred, Erie Amalgamated. United States
Steel preferred, Sugar and some minor
stocks. Hooking Valley rose 4. Sloss-Shef-
field Steel and Brooklyn Union Gas ana
Pacific Coast q Minneapolis and st. Louis
rallied 2. United Railway Investment pre-
ferred declined 1 and American Telephone 2
Today's Cotton Market.
NEW YORK. June 3.-The cotton mar
ket opened firm at an advance of 4a7 points.
called disappointing response to the pub
tic cables which came better than expect
| ed, with private cables stating that the
European contingent feared a bullish
| monthly report from Washington to-
morrow.
Toward noon the market eased Off par
tally and became quiet and quite dependent
upon the operation of local traders. The
closing of the New Orleans market was re-
garded as largely accounting for the pre-
vailing speculative apathy in the local field
| At noon the market was quiet with prices
| to points net higher. Spot quiet: mid
| ding upland, $780, middling gulf. IL 70.
Estimated receipts at the ports today.
S 600 bales, against 1888 last week and .58S
| last year. For the week. $1,000 bales.
against 1922 last week and 21 6S5 last
year. Today's receipts at New Orleans
were 3,911 bales, against 1878 last year.
| and at Houston, 80 bales, against 6S last
wear