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Show oo STOCKS DROP WHEN , LARGE BLOCKS ARE OFFERED New York-. Nov. S. Irregularity prevailed in the stock market this morning. Movements were hesitating and contradictory, but In spite of large ganis by inactive industrials, the list as a .whole developed pronounced weakness. Hcavj selling of the speculative lcadcis depressed prices of these issues and the market seemed to possess little rallying power The cotton ginning report was without effect, ef-fect, although it established .a pow record. Market observers regarded the movement of stocks as natural in view of the recent extended-advance and tbo reductions of tho short interest. inter-est. Soiling piessuro relaxed during the second hour. Pi ices, however, showed little inclination to harden, speculation specula-tion becoming almost stagnant nroiind the new low levels and the professionals profession-als stopped selling. A few stocks showed independent btrongth. but their movement was ignored by the gou- oral market. Hock Island stocks ad- H vanccd l to 1 1-2 on rather acthe H dealings. Bonds were steady. M Tho trend of prices became definite- M ly downward and some of tho strong M specialities and railroads lost a large M part of their gains. United Stales M Steel was sold in huge amouuts, one H block of 0,000 shares changing hands M when it was making an ineffectual M rally. The price went to 1 1-4 below IH Monday's closing, touching 59 12. IH Union Pacific scored a similar loss H and Reading broke 1 1-2. Baltimore H &. Ohio moved up 1 1-2. Federal Min- H ing 4 1-2 and Philadelphia company, H G-points. IH |