Rail Weakness Keeps Stocks On Downside
NEW YORK, April 10 <fP).ÛÓ \ Backwardness in the railroads to-| day kept the stock market an-| clrored- to the losing side.</br></br>The market vainly attempted to get ahead most of the day, and substantial progress was made in some sections, but closing prices fell away almof all around.</br></br>Steels and rails enjoyed a fair amount of activity in swinging from side to side, and both ended narrowly mixed. _ Û÷</br></br>Air lines had early popularity and closed unchanged to higher. Surveys show collectively they are i enjoying heavy traffic. Three of |them gained a place among the 15 jmost active issuesÛÓAmerican Air-I lines fourth unchanged at 1574. {Eastern Air Lines. Vft up % at 2236, and Pan American World Airway up 1/12 up Vi at 11%.</br></br>The railroads had in the back-i ground of their performance the announcement of the New York; Central that it plans to.layoff sev-j eral thousand workers because of ; the decline in revenue in the past; three months.