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Show WLD'SIIETS I NEW YORK, July 10 Many sub-i sub-i stantial gains wore reported at the I opening of today's operations. The ! improvement was attributed in part to the encouraging crop prospects and overnight developments at Washington. Washing-ton. Trading was active and broad, although equipments and war shares were most prominent. Rails, shlp-j pings, motors and specialties also figured fig-ured in the rise at gains of 1 to 2 points. United States Steel opened virtually unchanged but soon rose a fraction on tho usual large transactions. transac-tions. This advantage was almost Immediately Im-mediately forfeited, circular tendencies tenden-cies being manifested elsewhere. The reversal of the. first half hour coincided with a report of a proposed new government issue of 3V per cent bonds and resulted in very heavy offerings offer-ings of the existing liberty issue at par. Steel shares, oils, Central Leath er, motors and Ohio Gas receded 1 to 2 points, most of those stocks falling below minimum quotations of the previous pre-vious day. Standard rails and a few specialties, notably tobaccos, followed an opposite courso, showing increased strength A brisk rally was In progress prog-ress at midday, leaders showing gains of 1 to 3 points. The general bond market was firm. |