Show WA WALLSTREET WALL STREET STREET By fly Associated Press Prel NEW EW YORK July 31 UnIted 31 United States Steel was the central feature of today's stock market its ia Initial tran transaction action of shares at t to 1081 representing an overnight gain of oC virtually 1 point Steels Steel's remarkable quarterly statement statement had hada a beneficial effect on the general genera list although the more substantial gains were made J gas issues which added 2 to 3 t to yesterdays yesterday's advances Profit taking takIng- caused caused material recessions among leaders soon after ater the opening Liberty bonds were steady steadY The abrupt reaction In United States Steel which yielded all its is gain and further further fur fur- ther weakness in Sumatra Tobacco an and General Motors at poInt 4 pont 4 declines provoked provoked pro pro- yoked general unsettlement leaders falling fal fall peoples peoples' leo peo ing lag under yesterdays yesterday's final prices all It Its pIes pIes' Gas Cas also canceled nearly al advance but oil 01 shares were advanced l 1 l 4 to 2 points on reports of ot improvement 21 Mexican situation Prices steadied in the full Irregularly at midday steel making recoveries |