Show STOCK MARKET TURNS UPWARD Dozen Issues at Peaks Sterling Sterling- Up Funds Plentiful r 5 r t I r NEW 1 YORK Aug 0 l.-By l. By The As As- As Associated Press e Impressive recover recover- recoveries ies les In prices took place In today's stock market Indicating that the corrective reaction under way ay since last Satur- Satur Saturday Saturday day had been completed Pools Influenced Influenced by a no continuation of easy money moncy rates and a no plentiful supply of funds marked up more Inore than a I Ido i dozen do n Issues to new high to levels els Dear Bear traders who had sold Jold stocks freely In the last few days stimulated the advance nd with their covering o operations r particularly t I li in l Baldwin and g other Issues which corn com command stock loan mand a premium In n the crowd COTTON COTTO ADVANCES Al Am CES Outside the stock market chief spec spec- speculate e interest centered In tn the fur fur- further further further ther ance ad of 5 5 or more a bale In cotton futures and the establishment of a new record high for the year ear by sterling exchange Early selling o othe of the rails Is believed belie to have ha been In In- In Ired In part by the belief that July earnings statements soon to make their appearance would make the same unfavorable comparison with the corresponding month last year as the June statements They The rallied later however with mth the Industrials the de do- demand demand mand centering In the seasoned l di paying Issues with attractive yields 1 elds LINSEED LI SIED RISES lUSES Bethlehem Steel was again a leader In the he Industrials section crossing 61 to t the highest price since 1923 A five five- point Jump in American Linseed was predicated on the belief that the com corn company company pany was about to retire In 6 per cent notes Renewed strength and activity In General Motors was associated with prospects of special dividend d action netlon and a possible stock up split-up at Thursdays Thursday's meeting of the board of directors Collins and Alk- Alk roan man DuPont Timken Roller Bearing and Case Threshing also were prom prom- prominent promInent meat In the early afternoon rally CLOSING CLOSI G STRONG G The closing was strong Having suc suc- succeeded succeeded In turning the market upward the bulls pressed their advantage vigorously In the last hour when a It number of representative shares ruled 3 to 5 points above yesterdays yesterday's closing The strength and activity of several sc usually dormant Issues Indicated the renewal of pool operations on a broad d scale Ecale American Telephone Cereal Radio Corporation American Linseed preferred Mullins Body and Chicago Eastern Illinois preferred were taken ken eagerly Total sales ap approximated ap- ap approximated approximated shares |