Recovery Staged in Moderate Turnover: Dow Industrials Up 5.21
NUW YORK, June 11 (AP)ÛÓAfter four (lays of fast retreat, the stock market made a pretty fair rally todayÛÓbut the pace of trading was more than two million shares under volume for the previous session.</br></br>This run-of-miil tradingÛÓactually below average for the yearÛÓwas definitely not an omen of an enthusiastic turnabout from weeks of decline. Analysts were more inclined to attribute the recovery to technical factors.</br></br>Wall Street sources also gave President Johnson some credit for his encouraging remarks about the economy and the stock market which received wider publication today than they did yesterday when he made them.</br></br>Prices were steady from the start and were on the upbeat within a half hour. By late morning they had reached their peak of the day. Then came some mild profit taking by in-and-out traders which trimmed gains. In the final half hour, however, several blue chips were bought eagerly enough to boost the market level almost to its best of the session.</br></br>The Dow-Jones industrial average advanced 5.21 to 881.70, recouping about 20 per cent of this weekÛªs worst loss.