New Peak Set on Heavy Turnover: Sales Hit 4-Month High
NEW YORK, March 13 (AP)ÛÓThe stock market churned to another record high today on the heaviest volume in more than four months.</br></br>Selected issues both among the blue chips and more speculative stocks ran up gains of from 3 to 9 points or so.</br></br>For most key stocks, however, the advances were kept within a 1-point range and there was a wide assortment of losers. This kept the over all advance to moderate proportions.</br></br>A huge accumulation of overnight orders led to the pile-up of a string of unusually large blocks and first-hour volume of 1,140,-000 shares, the biggest in quite a while.</br></br>Volume soared to 4,880,000 shares compared with'4,690,000 yesterday and was the largest since last Nov. 6 when 4,890,000 shares changed hands.