Rails Rise, Tobaccos Slip in Slow, Irregular Trading: Cancer Campaign Cited
NEW YORK. June 5 (AP)ÛÓTobaccos slipped and rails advanced in a slow and irregular stock market today.</br></br>For tbe second time this week, the market failed to rebound after a severe decline. The action was cautious and hesitant.</br></br>Late weakness in tobaccos was linked with a drive by the American Cancer Society to alert physicians and the public to ÛÏthe danger of cigarette smoking.Û</br></br>Rails rallied in belated response to yesterday's figures on carloadings which topped the like 1957 week for the first time this year. Gains by the carriers together with spotty strength in various industrial groups was sufficient to give the popular market averages a slight advance. For the complete market list, however, declines outnumbered advances appreciably.</br></br>The Associated Press average of 60 stocks rose 50 cents to $225110 with the industrials up 10 cents, the rails up 51.00 and the utilities up 20 cents.