Evening star. [volume] (Washington, D.C.) 1854-1972, 1903-08-19
Profit Taking Sets In and
Support is Not Forthcoming.
WHOLE LIST DECLINES
SPECIALTIES THAT WERE MANIP.
ULATED SUFFER REACTION,
Large Volume Of Selling Orders Appear
in Wall Street-Market Steady.
at Close.

NEW YORK. August 19-The opening
stock market was unsettled by a continual
don OF yesterdays late profit taking at
some points and support at others notably
in the Pacifcs. Virginia-Carol Chemical
fell point on the passing Of the dividend
and Tennessee Coal dropped 3 In the re-
duction in Southern pig iron. Opening
sales Of Rock Island were $500 shares at
3OA to 301s. compared with 31k last night
The stock subsequently ran OF to below 80
The rally In Rock Island steadied tho
market but with renewal OF pressure on
that stock and a drop in Amalsamated to
a point under last night. the tone became
heavy Rock Island fell TX and declines
from last nights level reached 1 to ~ in
Missouri Pacific. Wabash, Louisville and
Nashville. Chesapeake and Ohio, Southern
Railway. Brooklyn Transit, Sugar. Consoli-
dated Gas and number OF minor stocks.
General Electric and North American
dropped 3. The market was irregular at
The market became dull and steadier for
time, but fresh selling orders appeared
In volume carrying prices lower than be-
FORE. ROCK Islands loss reached ~. Anal
gamated. Leather preferred and Delaware
and Hudson, 2 or over; United States Steel
preferred, IA. and the common, st. Paul,
Union Pacific, Atchison, Canadian Pacific,
Erie. Reading. Norfolk and Western and
of to IL to point losses. The pressure
relaxed before noon but there were no rail-
lies OF consequence. Bonds were irregular
at noon.
noon hour. and Rock Island was carried
31s under last night, st. Louis Southwest
ern preferred, 81; Brooklyn Transit 3:
Amalgamated Copper. ST. Paul and Met
ropolitan Street Railway, 21a. and Missouri
Pacific, Atchison, Southern Pacific, Read
Ing. Kansas City Southern and United
States Steel preferred, about points The
market steadied at the end Of the hour
The market was rather feverish and
Irregular at rally which reached a point
In Reading and Southern Pacific A fresh
decline In Amalgamated to under last
night and drop Of in National Railroad
Of Mexico preferred had an unsettling
effect. but prices generally did not get
lower than before. The market was frmer
at o'clock.
Cotton Market
NEW YORK, August 19-The cotton
| market opened steady at an advance of
| two points to decline of two points fol-
lowing steady cables and light covering in
certain positions while other months were
depressed slightly by realizing. Later
prices sagged off, with September reach
ing 1857, or eight points lower than last
nights closing and the balance of the list
showing declines Of from one to three
points. Later September recovered q few
points or the loss. but the market contin-
ued rather easier
At noon the market was firm with prices
to points net higher on covering, started
by reports of too much rain.
Spot. steady. Middling uplands, r. Is, and
1900 for middling gulf.
/ Estimated receipts at the ports: Today.
100 bales against 905 last week and a. 367
last year. For the week. 1000 bales against
LAB last week and 25,347 last year To-
day 8 receipts at New Orleans were bales
against 4a3 last year, and at Houston Is
bales against 2, 146 last year.