Stocks Slip Lower for Fourth Day in Row: Mart Drifts Near Dow 600
MEW YORK, Aug. 29 (AP)ÛÓIn another sluggish pre-Labor Day session the stock market took a slight loss as turnover quieted.</br></br>Once again, there was nothing in the news to spur a resumption of the ÛÏsummer rallyÛ and Wall Streeters were sitting on their hands, waiting for some clue as to how things will shape up after the long Labor Day weekend.</br></br>The most interesting thing to technicians was that the market found support after drifting down close to the psychologically. important 600 level in the Dow Jones industrial average.</br></br>It was a lower market all day, but stocks were cutting their losses nicely until the final half hour, when they began to soften once again.</br></br>The Wall Street atmosphere was not brightened by Wheeling SteelÛªs reduction in dividend to 25 cents a share from 50 cents. The companyÛªs chairman mentioned the ÛÏcost-price squeezeÛ as one of the