Stock Losses Biggest in 15 Months; Rails Lead Decline; Utilities Steady
market staggered under a one-two selling punch this week and suffered its greatest decline in more than 15' months.</br></br>The Associated Press average of 60 stocks lost $2.90 on .the week, the greatest decline for the average since the week ended October 27, 1951.</br></br>The railroad component of the average was the hardest hit while. the utilities weathered the storm and closed unchanged.</br></br>These factors, although lacking in color, must be considered. The market reached the peak of its Eisenhower election advance early last month and immediately dropped moderately. There followed a brief rest period and an advance. The advance, however, did not go above the top of the Eisenhower boom. Instead, it hesitated and this week plunged down below the previous low of this year.</br></br>stock market moving irregularly. Indecision' was rife, and that State of mind continued for the next two days.