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Show STOCKS CONTINUE TO SINK TO LOWER LEVEL. New York, July 18. The opening dealings In stocks tojay were unimportant unim-portant and Induced only a very sluggish slug-gish price movement. Gains were the more numerous, but there was a sufficient sprinkling of derlloes to give a 6llghtly Irregular tone to the market People's Gas roue 1 3-8. A downward drift of prices established estab-lished declines In Amalgamated Copper Cop-per of 1 6-8. Rock Island pfd., and American Steel Foundries 1 12, Wabash Wa-bash 1 18, Rending 2 and St. Paul, Union Pacific. American Smelting and National Lead 1. Supporting orders restored the declines, de-clines, but the selling was renewed and price fell back again. Tho sharp fall In price of stock. during the morning resulted from only moderate selling. The stagnation of the demand discouraged holders for a rise and prompted an attack by an opposing speculative party. The reported re-ported shading of steel price and dissatisfaction dis-satisfaction with the cepper trade petition pe-tition were elements In the weaknew of the market. The general llrt showed numerous losses of 1 to 1 ! Reading fell 3 1-4. Union Pacific 2 H. American Steel Foundry 2 1-2. V-bash V-bash pfd. and Amalgamated Copper J. T". S. Steel l 5-8 and Southern F)-ciflo-Loulsville and Nashville i |