Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-04-27
'oREIgN HOUSES LARGE BUYERS

Special Dispatch to The Star.
NEW YORK, April 27.-Todays stock
market made quite an Impressive show Oh
strength at the opening of business but the
Improvement was not long maintained, ana
by the noon hour the trading plunged into
almost utter Generalization. The markets
initial tone was a reflection of the apparent
betterment in the anthracite coal labor
troubles the market strength of the EURO
pean markets based upon the success or tie
Russian loan an6 the more reassurih2 dd-
vices witch were received from San fran
cisco with regard to the general state vi
affairs at that point.
American stocks were quoted in the Lon
don market at advances which IN soihe
cases exceeded one point in comparl soh WIN VIII
Yesterdays local closing figures ana ioielsn
houses were again buyers upon large scale
upon the opening of business -
The local market showed advances az Wy
outset corresponding with those reporter
from London and during the first hour OF
business Il fairly steady tone was maiI-
tanned although the opening advances "eis
In few cases materially bettereu. 3
Subsequently there appeared renewal Oh
liquidation upon large scale, which was
particularly urgent in al OF the ghei
priced stocks. The selling OF this character
led to fairly sensational breaks in Great
Northern preferred and Northern Pacific
and the more active higher-priced ra way
shares showed deCllUtS pIOpOItlolieit"
the broader market for those stocks. Fol
lowing upon the markets downward plunge
toward the noon hour, many sharp recoF-
cries took place, hut even the sharp rallies
failed to divert the dealings of an unsettled
and almost demoralized appearance.
Even I'm the instance of those stocks in
which the breaks were the most violent 1t
was not attempted to assign any specific ex-
PLANTATION therefor. save that liquidation
was most urgent In those particular eases
Efforts 20 account for the course OF Great
Northern preferred through report that
negotiations for the disposition of the com
pany score lands to the United States Steel
Corpora ton have been abandoned attracted
nothing more than passing notice
Steel Stocks Weak,
The United States Steel stocks were in
deed extremely weak, in common with the
general market. but no more so than many
other stocks In the industrial department
and elsewhere. There was a repetition OF
discussion of the liquidation by insurance
companies which has been heard upon each
day siucc the San Francisco disaster, and
for that matter there are abundant indica-
tons that selling of this description has
been more or less constantly under way.
General market circumstances during the
greater part of tia business session were
80 turbulent and unsettled that il was diff
hcult TO obtain even such unedlfyfng in
forma don might have been deduced
from the Identity of the largest buyers and
sellers of stocks.
Today's real developments included both
continued transfers of currency TO the Pa
oife slope and fresh negotiations for i'm
portations OF gold from Europe. Securities
amounting to 100000 were deposited with
the subtreasury in connection with the
gold import negotiations.