Show r Financial I and arid Commercial j BY BY A A. M. M CHAPMAN CHAP AN New York York J July ly 21 Pi 21 sales in Steel common started fractional frac trac- movement In the tho stock market today The outcome of oC this was a do- do dine clino in prices s all al along tho line lne Loe Losses es in the leaders were from on onto oneto ono one onoto to two points Outside of Steel tho the heaviest selling o of the tho day was wag WES In Reading Atc Atchison Union tny Pacific Southern Pacific Rock Island and the lull Hill stocks The reason for Cor the tIme break was attributed by some omo to the time fact that quotations lor for the stocks had been continuously and steadily advanced advanced advanced ad ad- in th this tie last sixty days and in a recession was natural It I was als also ale said that certain of oC the large interests wished to see a reaction reaction tion ton either from il l low level from Crom which to start a t fresh reft advance or that they might be bo in 1 H a It bettor hetor position in the tho event of oC a sharp setback next week should the iho he action of oC tho the Steel trust acton directors in response to u a dividend on Steel provo prove disappointing to those who have havo banked on the increased rate rat The Thc opening in the market was ir Ir- Ir regular Early advances were made in a number of oC representative 1 and Industrial shares Union Pacific i gaining almost a point and going to toa toa toa a new high record while New York Central crossed Then the tho weakness weakness weak weale- ness In St Steel ol which had been conspicuous conspicuous conspicuous since sinco Friday last became pro pro- Several stop-loss stop orders were encountered and tho the enthusiasm displayed generally in the market waned wined This condition was succeeded dEd quickly b by an outburst of real selling realizing sales saleR In Reading and Tho TIlo bears became very active and In inthe tho the last Jast hour drove e dl the tho prices to tho the lowe lowest t f figure ure of ot tho day Reading and Union Pacific ero tho the weakest The first named sustained a C loss of ot more moro than two points from the opening while the latter later suffered a decline of ot one and one half points from its Is closing on Tuesday The whole market closed weak with wih the time downward movement in full Cul swing Tho The news de developments of oC tIle the day fay bearish Reports from Washington Washing Washing- ton were that there has been beon a disagreement disagreement disa disa- between the Senate and ant House conferees conC rees upon the tho tariff and that the final pass passage e of the bill bi would be bo delayed while dispatches from the South told of damaging gulf storms London aided the decline by selling seln freely in this market markot mainly Steel common and the harriman stocks we o also among Its Is offerings Then the time declaration of oC the regular dividend divi for Cor tho the Illinois Central disappointed disappointed pointed those who vito for weeks past have h ve been talking of oC increase in the tho rates b by this and other roads When hen Now York Central crossed earl early In th the day gossip had it I that Union Pacific Interests had hat been putting putting put put- tit ting some somo of ot tho the proceeds of ot the salo sale of Southern Pacific bonds and Vanderbilt Van- Van preferred stock Into the tho called so-called so-caled so property and other portions Into Baltimore Ohio to strengthen the position of or Union Pacific in those pro properties pc rt i cS In the tuc Street Number of shares sold t today day 78 a year ago Par value of ot bonds sold eold today a year ago Igo Range ft of 1 Price Quotations received over private wire wiro of James Tames A. A Pollock Co bankers and brokers No 6 Vest West Second South street I H. H I L. L 1 I Sales Sale Atchison Un 11 16 Am C. C I d 63 62 6 Am Ico 61 6 Ann Ana Copper 48 47 2200 Am VH i 9 1300 D. D 11 Trans 78 78 is 78 SOO B. B and O. O 1 1195 1192 Copper 82 82 Can Pacific 1875 1861 1861 2800 N. N Y Cent Cont 13 1331 C. C F F. I. I HI H 44 c 41 C. C and unc Ohio t G Hi 48 1 00 Ell a 49 i Con GI 11 13 1393 19 1391 1 1100 00 Gt Nor or 1505 Ill Il Central 1548 1511 1900 M. M 1 K Ie and T. T 42 lit l ill 41 1 L. L unel N. N 1 IOa 1405 SOO Nat Lead SG 86 Mo Pacific 73 73 N. N and Western 93 3 I 1 4 2 25 Nor Poco 1521 1523 8 00 N. N Y Q 0 and ont W. W 53 63 1400 Pennsylvania 1375 1371 Gas Gns 11 1165 1155 Rock Island 36 preferred 75 7 Rep 1 I and S. S 33 33 Reading 1532 1531 Sugar 1275 GOO So Pacific 1335 1331 So Railway St. St Paul 1565 1555 31 1555 Tenn Cop 37 Union Pac Pao 1995 1971 1975 U. U S. S Steel 71 70 70 preferred 1262 Utah COPl Copper er 48 MOlo Money closed 1 11 per cen cent t Total sales |