List Stages Uneven Decline in Heavy Trade: Dow Nudges Past High
NEW YORK, Oct. 20 (AP) ÛÓ The stock market continued to settle back irregularly today from its recent upsurge to new records. Trading was active.</br></br>Unlike yesterday, when three popular market averages rose to record highs despite the preponderance of losers, today the indicators were somewhat more in line. Two declined while the Dow Jones industrial average edged up to another record.</br></br>The market was mixed from the start and remained that way throughout the session. Toward the end, however, there was a slightly firmer tone.</br></br>Once again, profits were taken in some of the speculative favorites whose huge gains have brightened the market since Labor Day. But other familiar ones as well as some newer arrivals in the spotlight showed strength. Ten of the 15 most active stocks advanced.</br></br>SCM Corp. was the most active issue for the third straight session. It backed away from an early rise and ended with a net loss of % at 49% on 164,400.