Show STOCKS UP ON HARDING NEWS Overnight Improvement In Presidents President's Condi Condi- Condition Condi- Condi Condition Condition tion Stiffens List NEW YORK YORI Aug Aig 1 I 1 Stock IStock prices made brisk recovery fr m recent hea heaviness Iness ir In today's quiet session Overnight ement In tho the Residents Resident's condition and pUblication of ot several sev ml favorable earnings had hod ad a fa effect on sentiment and Induced ex- ex extensive ex extensive sort short co covering ci ing Salci ap- ap ap approximated shares The closing was wu firm Trading continued dull In the late lat dealings with a II number ot Of the leaders ro- ro re receding ceding fractionally from It Ic els Marked Markel Improvement in Pre Pret dent dent Hardings Harding's condition conditio was as part part- partly part part- partly partly ly responsible for the flood of ot buy buy- buyIng buy buy- buyIng buying ing orders which 1 Into to- to todo to today's do days day's s 's stock market ant and gave e open open- opening ing prices a strong InItial gains of oC 1 I to nearly nearh z points were ere recorded by IU HJ Stool ble I ble ld B In American Locomotive live tive American Can Studebaker I and Pan-American Pan Heavy short co operations were apparent from rom the start S G G GS S Price Prices slightly when the overnight accumulation of ot bu Ing orders had be been n absorbed but net gains of ot 1 to 2 3 points tier er ser quite common at the end of ot the first holt half hour Buying power was con con- concentrated con chiefly In the rail rails oils steels motors motor accessories and equipments Union l r ew York Central Baltimore Bal and Ohio on Rock Island and Missouri Pacific preferred each gained a n point United States Rub Rub- Rubber ber dropped nearly two points to toa toa toa a new low for the ear Foreign exchanges opened Irregular The market t stiffened again be- be before be before fore tore noon many active I shares share selling ono one to three points ao ve s 's final prices The un- un unusually unusually un unusually usually favorable ta earnings report made public by United States Steel Studebaker and Amer Amer- AmerIcan American American ican Locomotive attracted good buying power Into these shares STOUTS SHORTS OVER COVER The short Interest In man many stocks apparently had become nith Ith c Ith covering operations resulting In some gains fains Gulf Gult States Steel Baldwin Bald In Studebaker Mack Truck and SI omberg Carburetor rallied 2 to 3 during the morning Reports of ot Imp impending cuts cut In tire prices resulted In ea In some somo of ot the rubber Issues Call money opened at 6 per tent rent Its renewal rate being quailed equalled only on four previous OC- OC oc occasions this year ear Prices continued their upward In the earl early afternoon but as vas ras dull on the rail rally Rubbers hook oft off their heaviness hea on denial ot of reports tha that thet t cuts In tires were Impending United States steel Steela I U l a pushed over oer two to points to 37 W i tol |