AT & T Soars as Market Churns Unevenly: Heaviest Trade in 5 Years
NEW YORK, April 3 (APIÛÓThe Stock Market today rolled up its broadest trading record in history and its heaviest volume in more than five years.</br></br>Volume soared to 6 47 million shares, compared with 5.61 million last Thursday, the final trading day of the holiday-shortened week. The turnover was the biggest .since 7.72 million shares changed hands Sept. 26, 1955, on news of former President Eisenhower's heart attack.</br></br>Prices held to a mixed pattern throughout the day but American Telephone raced away from the pack, running up an advance of 9'b to a new all-time high of 130. It closed at 127-m, up 6'k for the day.</br></br>AT&TÛªs new popularity developed when President Kennedy proposed vast new expenditures for space projects. The issue chalked up new highs on three consecutive class last week.</br></br>While most prices were mixed, the averages moved ahead, mainly under the influence of AT&T's spurt. The Associated Press average of 60 stocks advanced .70 to 244.2 with industrials up .60, rails down .80 and utilities up 1.3 to 127.50, a new 1961 high. The Dow Jones average of 30 industrial stocks rose 0.96 to 677.59.