Hesitant Market Retreats in Week: Volatile Issues Lead
NEW YORK. Sept. 3 (APIÛÓA hesitant. pre-l,abor Day stock market declined this week as speculative interest turned to lower-priced, more volatile issues.</br></br>The action terminated the market's three-week August rally made in the lace of generally drab business news.</br></br>The early August market seemed to be predicting a business upturn ill the fall. The market of the past week seemed to be saying that the expected upturn had already been well enough discounted and now was the time to stop, look and listen pending more tangible evidence of gains in production, earnings and dividends.</br></br>The renewal of general caution was the dominant factor, it mounted quietly and with no build-up of selling pressure. Nevertheless, Ihe market on Tuesday suffered the second worst setback of the year, based on the Associated Press average. The quietness of the decline combined with the sharpness of the loss came ns a surprise.</br></br>The Dow dopes industrial average declined 10.91 to 625.22. Volume was 14,953.240 shares compared with 15,298,260 the week before.