Stocks Waver, Finish Week Unchanged
NEW. YORK, June 14 UP).ÛÓ The stock market held well to its high level prices this week, but there was a broad element of indecision present all the time.</br></br>I As a matter of statistical record the stock market ended exactly where it was a week ago, at S105.30 as measured by the associated press average of 60 stocks.</br></br>At that point the market was only 50 cents under the 1952 high which was the best level in 22 years. The peak was reached last Monday.</br></br>Collapse of talks between steel industry management and labor under Government auspices to end the two-week old strike left the stock market with a feeling of ÛÏwhere are we now?Û As a fruitless attempt I was made to work out a formula for production of steel needed by defense industries.</br></br>There were some 650,000 steel workers idle, and another 100,-000 in allied industries were out of work. That second list of idle was scheduled to grow rapidly unless the steel strike ended quickly.