Market Dips 2.26 After Early Drop Of Nearly 7 Points
NEW YORK, Jan. 19 (AP)ÛÓ Stock market prices edged lower today after erasing most of a sharp earlier loss.</br></br>The Dow Jones average of 30 industrials closed down 2.26 at 914.96. Around midsession, the blue-chip indicator had been off nearly 7 points.</br></br>Analysts said the mild sell-off was almost entirely the result of profit taking. This dried up towards the end of the day, though, showing the marketÛªs strong bullish undertone, they declared.</br></br>There was little in the immediate news background to stimulate the market in one direction or the other, brokers noted, and the governing Influences were technical. Since late November the market has risen sharply, with no major downward adjustment.</br></br>I Jim Walter fell V.i to 39%, ;with trading paced by a 146,-; 000 share block at 39, down %. I General Electric gained Va to 64. A 100,000-share block I changed hands at this price .late in the day.