Show Stocks Continue Recovery in liv Liveliest liest Saturday yin in Two Months WAR REPORTS BUOY MARKET By VICTOR EU EUBANK K A. Associated Press Financial Editor NEW YORK May 9 Stocks 9 Stocks were buoyed by a better brand of war news in Saturdays Saturday's market and leading issues added fractions to a point or more to the recent recovery in dealings that while still relatively slow were the liveliest for any Saturday in two months Spurring considerable considerable- short covering covering cov coy ering and a little new speculative and investment demand at the start was the cheering word from General MacArthurs MacArthur's headquarters that the Japanese invasion armada had been repulsed in the big battle of the Coral sea While details of the conflict still sUll were lacking Wall Street felt that the indicated heavy losses of the enemy might mean a turning point in iri the long longrun longrun longrun run of bearish international de de- de- de In addition to optimistic bulletins bulletins bulle bulb tins from the southwest Pacific bullish contingents continued of the opinion the market had a better better better bet bet- ter than even chance of extending the forward push because of technical technical technical tech tech- factors involved in the lengthy retreat Bidding was fairly fast in the first hour although subsequent sluggish intervals were plentiful Transfers for the two hours approximated approximated ap ap- approximated ap- ap shares There was a smattering of prof prof- selling it-selling before the close and peak quotations were reduced inthe inthe in inthe the majority of cases A few negligible declines were in evidence evidence evi evi- dence when the final gong sounded Blue chips were among the widest widest widest wid wid- est movers Rails utilities rubbers rubbers rub rub- bers hers mail orders and coppers were unable to do much on the upward swing Chrysler was among an assortment assortment assortment assort assort- ment of favorites edging into new high ground for the year Better early performers included Westinghouse American C Can an American Tobacco B B Dow Chemical Du Pont Union Carbide Allied Chemical Eastman Kodak J. J C. C Penney Owens-Illinois Owens Sperry Continental Oil Pepsi- Pepsi Cola International Harvester Anaconda Anaconda An An- United Air Lines American American Amerlean Amer Amer- ican lean Airlines and Texas company U. U S. S Steel and Bethlehem well ahead in the first hour backed away at the last Hesitant also were Great Northern Phelps Do Dodge Public Service of N N. J. J Goodyear and Yellow Truck In the curb support was accorded accorded accorded ac ac- ac- ac corded Humble Oil Gulf Oil American Cyanamid Penn road Phoenix Securities Pittsburgh Plate Glass and Sherwin Williams On a meager turnover Empire Gas 6 per cent preferred was 10 points advanced |