We consider the spectrum and stability of a compressible, rigidly rotating plasma column with constant magnetic pitch. It is found that when the pressure on axis is zero, a continuous spectrum arises, which may become unstable. When the pressure on axis is finite or a conducting core is included, the spectrum is discrete, but may still be unstable. The instability is due to the poloidal magnetic field and/or the rotation of the cylinder in combination with the density profile. It is found numerically that the pressure stabilizes both types of instabilities.