Late Profit Taking Trims Early Stock Advances: List Closes Unevenly Up
NEW YORK, Feb. 16 (AP)ÛÓA vigorous early advance sagged under late profit taking today but the stock market remained irregularly ahead on average.</br></br>Tobaccos sank as Well Street buzzed with talk of another magazine article upcoming on the effects of cigarette smoking. Coppers advanced solidly on higher prices at the custom smelter level.</br></br>Steels were vigorously ahead at the start but-saw much of their advance melt away in late dealings. Steel output waåÇ reported at the highest level in nearly two years.</br></br>In addition, industrial production for Janu- . uary was reported on the upgrade despite I bad weather</br></br>Market prices.were at their best in the morning. Advances by industrials were almost eliminated by the close. A technical rally by rails and a lair gain by utilities [ rescued the over-all list.