Show MARKET UNDERTONE SHOWS Falling Off Of in Volume of Trans Trans- on Stock Exchange INDUSTRIALS WERE ACTIVE Ama Amalgamated Copper ami 11 American Smelting Take TaIe I Load Lead ul Making Strong Advance New cw York Jul July 23 Transactions on the he stock exchange during during today's short session showed a falln falling 0 oft off in volume such uch n ns as commonly occurs during the midsummer half The Time undertone under- under tone one of or the market however ho showed erable firmness s. s London sent sert over overn an n Irregular lot of or quotations and at athe atthe I he the opening our market displayed some hesItancy with wiLl price movements mo b by no nol l means leans ans uniform Subsequently however howo the le bull lul contingent gained pre erni nence ence and price advances ud ranging from 15 to 2 points were vere recorded Delaware and nd Hudson on comparatively little Ite tran enjoyed a maximum gain of C 5 per cen cent t rime Tho Industrial shar shares s again assumed a D position of prominence so far as strength and activity were concerned Amalgamated Copper and American Smelter taking the tho lead It 1 was evident evi I dent that a a good deal of or additional bear covering coverIng was going on In Amal Amalgamated above par and tIme the tw price wa was wat advanced to 10 compared with wih at tho the clo close e yesterday Anaconda Anaconda rose Smelting and National Lead resumed their upward upward upward up up- ward progress Smelting gaining 2 i. i while Lead common advanced 1 1 In Insiders Insiders In- In siders were credited with wih buying of Amalgamated Smelting and Lead Time The United States Steel were firm Wai UN n a Feature In the railroad group Reading was the strongest feature rising risinG about 2 2 St. St Paul received good support and Union Pacific was rather active The prices however fluctuated considerably traders apparently not being beinG certain whether the rumor that that company has of late been ben a heavy borrower of mone money for some somo mysterious reason reason should be taken as a bull bul or bear ar argument argument ar- ar The net result of tho the days day's transactions in this Issue however was an advance of o nearly 4 point Southern Pacific continued heavy and there was evidence of much taking profit taking In these shares share The he Pennsylvania group well wel Baltimore and Ohio in particular showing decided ed strength and and scoring a net not gain aln or nearly a n 1 point Following the tho publication of or the bank banle statement which although h making a good exhibit failed to come up to an anticipations an- an the tho market marlet sold oft off oc moderately atel but rallied again b before rore the co close e. e the thc final prices In time the more prominent Issues being not nol far from rein the best of tho the da day Government bonds unchanged others firm The rh ra range of prices Wl was N a as follows follows- Open High Low Close ClosE Amal Anial Copper SS S lOJ 9 10 Am Car and F. F F. F 36 3 37 i 37 33 M 4 m Am m. m. m Locomotive 71 72 n- n 71 72 Am r. r s s. s nail IS U pr preferred fc lf 4 41 1 7 lS Am m. Sui Stig SUR Ref 13 13 13 Ana Alma Mm Co t 1 nn ln 91 4 21 91 01 91 91 preferred lOO 11 J lr U. U and 0 O. lS lH II U. R. R T T. 76 77 7 76 77 4 C and 0 O. S 68 57 i c 57 Chi Gt We West t 17 Ci li ISM 17 1714 liy ISA ISAC C. C M. M 1 and St. St St P. P lW 1 18 16 A C. C P. P and 1 I. I 5 52 M 54 1 53 6 C. C and S S- S 31 31 34 31 3 1 H 1st preferred 4 40 49 50 mo 4 49 5 W r D. D and R. R G G. G 43 3 6 43 43 43 3 2 Distillers Distillers' Sec 57 7 59 r 57 M W WI I 41 42 2 41 42 1st Jt preferred 60 r i 70 70 CO 69 70 0 Gen Gemi Con 1 Electric lG lC III lii Central lS S I ISO ISO If 1 ISO I. I I. I I. I and N i H 11 1 12 4 Mex tX Central 20 0 21 20 2014 Mo Pacific 92 94 02 2 l H HL M. M L K anti and T T. 33 3 33 3 33 33 32 3 preferred 68 Y CS C CS Nati Nail Lead 76 ot 79 75 is 4 78 N. N Y Central 13 5 1 13 14 4 13 1 N. N Y O. O and ond W. W 47 4 47 41 fe 11 IW 1614 1714 Norf orf and West SS 53 1 SO 10 i 55 Ih K 10 Pennsylvania Pennsy 13 12 13 i Peoples People's Gas 91 01 91 91 91 Reading IZI 1273 1 1 Rep nep Steel 2714 29 2914 27 2714 m 4 29 2914 preferred 91 K 99 I li 95 9 K n. I. I Co 21 I 24 2414 24 21 preferred 62 C 62 St. St L. L 1 S. S S W. W pfd CI 53 5 52 So Pacific 72 i 72 2 71 72 fou Southern them Ry fly 35 i 26 W WOi i i Oi 33 30 31 Tenn Tent C. C and I. I lr IS iTS iT'S 15 Tex and Pac 33 33 3 33 3 33 31 In Ion Pacific lW 15 H 1 1511 U. U S S- Steel 5 3 39 3 28 y 4 30 39 3 preferred HV N h Car Va-Car Chem SC j X Wh V 3 A 3 33 20 r 0 20 2014 1 li- li 4 2014 erred C 4 4 45 4 WP West L Union 92 92 i 92 92 2 4 92 92 4 92 2 Northern Po Pac 21 q Mi H H |