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Show I WORLDS ief ) V . NEW YORK. July 2 Excepting I ralle, which manifested increased heaviness, a buoyant tone marked the initial dealings on the stock exchange j today. Yosterday's favorites, namely food and tobacco shares, and also mo-j mo-j tor accessories, were again in the fore at gain of 1 to 3 polntB, these In om-I om-I Instances being substantially increased I before the end of the first half hour. Steels, shippings, equipments and some of the oils advanced, United States Steel recording its best quotation aliice the early part of June. Trailng during the morning was on ' tho broadest and most active scalo since the reaction some thre weeks I tgo. the first hour's turnover approxi- mating half a million shares. Com mission houses were prominent in the buying, indicating a revival of specu-ij specu-ij Ifctive interest at interior points, Out- J ttanding features at gains of 1'- to 6 points, included the various rubber i tire issues, Crucible. Bethlehem and Sheffield Steels, American and Bale! win Locomotives, Hide and Leather preferred. United Cigars, tobacco products, pro-ducts, American Sugar and Texas and Pacific, the latter being the only strong railway stork. Call money was at 8 to 9 per cent. Profit taking, prompted by the general gen-eral advance, caused reaction of 1 to 2 points amonK the leadprs. including t niled States Steel, at midday. Thf was balanced, however, by a better de nand for rails and oils, tho latter making mak-ing overnight gains of 2 to 6 points. |