Stocks Inch Up at Close in Lively Trade: Week's Largest Turnover
NEW YORK, Doc. 28 (AP) ÛÓThe stock market kept its traditional "year-end rallyÛ intact today by squeaking out a gain toward the end of a confused session. Trading was active.</br></br>Turnover reached four million shares for the first time in more than a week, volume totaling 4.14 million shares compared with 3.67 million yesterday.</br></br>Once again, the session was marked by the usual year-end cross currents, including profit taking, switching, and tax-loss transactions which muddled trading.</br></br>The market was mixed most of the day, edged lower in the afternoon, then rallied selectively as trading grew more active in the final minutes.</br></br>Another gain was reported in auto sales but machine tool orders for November were below OctoberÛªs total. President KennedyÛªs tax program, judging by news reports, was still being formulated and there was no clue as to its possible impact on securities.