Post-Holiday Stocks Churn Higher: Biggest Turnover in Month
NEW YORK, Nov. 23 (AP)ÛÓThe stock market scored another big gain today on the heaviest trading in a month.</br></br>me advance surprised many market analysts who had looked for an irregular session immediately following the Thanksgiving holiday. A good number of Wall Streeters had taken today off to make it a four-day weekend.</br></br>Elements of strength were apparent from the start when the market, though a bit higher, was in its most doubtful stage of the day. As the session wore on, most of the kinks in the list were ironed out and the rise became fairly general.</br></br>Steels were pacemakers, three of their number placing among the list of 16 most active issues. Bethlehem took on an unaccustomed role as the dayÛªs volume leader as it rose a point to 30% on 126,200 shares. U. S. Steel, up 2% at 46% on 94,000 shares was third most active.</br></br>The Dow-Jones industrial average rose 7.62 to 644.87. The Associated Press average of 60 stocks gained 2.1 to 238.2 with industrials up 3.3, rails up .7, and utilities up 1.1.