Stocks Rally Late After Quiet Trading
New York, July 19 OF.ÛÓAfter joggling around all-day, the stock market edged ahead today in the final minutes of trading.</br></br>Strength was concentrated in a few issues. The advance was not general but enough issues climbed aboard to make the gains exceed the losses.</br></br>Traders quite evidently were not climbing aboard any bandwagons going in any direction. Operations were largely confined to specific issues or areas coming under specialized influences.</br></br>Caution was dictated by three principal factors. Talks between the United Nations representatives and Communists in Korea are nearing a show-down stage. Success or failure, it was indicated, might be hanging on a secret issueÛÓpossibly the withdrawal of foreign troops from Korea.</br></br>Congress is nearing the end of its long debate over price and wage controls. Price Director DiSalle warned that the ÛÏcost-plus-guaranteed profitÛ amendment adopted by the House could wreck the price control program.