Profit Taking Shaves Moderate Advance: Six-Day Decline Halted
NEW YORK, July 19 (AP)ÛÓThe stock market tried to rally today after six straight sessions of decline but late profit taking trimmed away most of the moderate advance,</br></br>The list had to be credited with a day on the upside, however. Gainers outnumbered losers by 480 to 482.</br></br>The Associated Press average of 60 stocks rose .10 to 218.10 with the industrials unchanged, the rails down .30 and the utilities up .20.</br></br>The Dow-Jones average of 30 industrials declined 1.22 to 624.78, putting this indicator further down the ladder from a "support levelÛ chartists have been talking about. Standard & Poor's 500-stock index was unchanged.</br></br>A 2-point decline by duPont dropped this stock below the 200 level and down to 199%, its lowest price since Aug. 4, 1958. Technicians have- been watching this blue chip and its performance today was far from cheering. The. company reported a new high in sales but a decline in earnings.