Most Gains Are Moderate
NEW YORK, June 30 UP)ÛÓThe stock market ran up its string of daily gains to four straight in active dealings today.</br></br>Key issues were ahead from fractions to a point or so. Some exceptions made wider gains. There was a scattering of losers.</br></br>Industrials carried the ball in the advance. Rails were mixed, utilities barely nudged ahead on average, but made a new high for the year in so doing.</br></br>It looked like a stalemate for the first couple of hours. Prices were mixed except for the assortment of lower-priced stocks which have been in great demand lately. Around mid-session steels, aircrafts and electronics made strides and prices picked up throughout the list. A final rally by oils put prices at their best of the day by the close.</br></br>The overall gain was moderate. Market background included the record total of consti'uction awards for May and a pickup in defense purchases by the Government A slowing of steel industry output and some uncertainty about the question of higher steel pi'ices also were factors.