New Highs Recorded in Active Turnover: Airlines Surge, Autos Off
NEW YORK, Feb. 17 (AP)ÛÓStock market averages posted record highs today as selected blue chips, airlines, savings-and-loans and tobaccos advanced. Trading was fairly active.</br></br>It was another irregular rise, ah mg three motors were losers. Utilities and nonferrous metals were mostly lower. Drugs and chemicals declined irregularly.</br></br>Among the 1327 issues traded, however, gainers outnumbered losers by 570 to 497. New highs for 1963-Ûª64 totaled 60 and new lows 13.</br></br>Instrumental in the rise of the averages were gains of 3% for Eastman Kodak, 1% for Sears, Roebuck (ex dividend) and Yz for Standard Oil (New Jersey).</br></br>Eastman Kodak still was responding to rumors of a stock split when directors meet Thursday. Sears was said to benefit from institutional buying.