Show STOCK MARKET MARIET MARKETIs IS IRREGULAR Decline Checked By Return Return Re- Re turn lurn of or Confidence Steel Revives NEW EW YORK TORK July 21 By 21 By The d Further Press Further developed In tn today's stock tock market as i l result of more exten- exten Five exten-Five rl readjustment of ot sp speculative but by early arly afternoon for Cor the advance appear appear- d 4 to lo have retrained regained d control of the price movement Tho 1110 morning do- do decline de decline cline dine was checked by a rally In lit litlie he lie so-called so Durant stocks American being bid throe three to a new 1926 lip UP Ip over kill w VU-J VU w u while whilo general cen ral motors rallied veral points from Its low level to striking distance of oC the he ree rec ree- ree ord oM rd high a few days das TO MORE tORE C The abrupt rt halt to the down down- ard 11 a u plunge of oC v the French franc Thich was construed as an atlon of returning confidence abroad continuation n of o easy mon mon- mone mon mon-e e C rates the optimistic tenor 01 o the tho weekly eely steel trado trade l elew stressed th th- th fact tact that July production and demand had not Sed oft off to the extent looked for forb h b leaders In the he trade all helped to create creato bullish enthusiasm Trad Trad- Trad- Trad Trading lug ing- tn however hon was largely ot of a character with nt no lIPs lIP's of ot any sub substantial increase In public participation A sudden upturn In Republic Steel revived ot of o an early T r if nt dividends but these the meeting of the Unit Unit- United ed d States steel corporation ci- ci cip nii p l more more talk Is heard of nul melon on cutting but In conservative l quarters no action cllon of this kind Is 18 before the October meet meet- IIII Steel common Is now sellinG within a few points ot of o Its record high I TOBACCO TOB WF l Tobacco was one of oC the few Cew outstanding weak spots breaking over four points to a an aa ani n a w v low for Cor the year on rumors of disappointing The dosing closing was strong vigor Igor vigorous vigorous ous bullish demonstrations were given glnn In ITt the final hour when ten the steel shares assumed the leader leader- leadership leadership leadership ship of t the be advance nd RepubliC rallied more than five fhe points on expectations that dividends would b resumed a at today's meeting Sheffield scored red Il a while Sloss gloss similar gain and advances advance of 1 to 2 points took place in III United States Steel Bethlehem Gulf GulfS GulfS ites S Stes tn and Crucible United State StateR Cast Iron Pipe rose roso nine point to a new 1928 1926 high and anI General Motors sold within a or of orIts Its peak Total sales approximated o shares hares |