Profit-Taking Mixes Trend After Upsurge
NEW YORK, April 30 UP).ÛÓ The stock Û÷market launched a . great buying spree today with vigor, and then it stumbled over'profit-taking arid closed in a ragged manner;</br></br>The rapid fire opening of the market marked the third straight day of advancing prices and the second time that the market on average probed into new high ground for the past 24 years.</br></br>Buyers came tumbling into the market a; the start. Great blocks of blue chips dotted the tape at higher prices. Other stocks followed right along.</br></br>By early afternoon, there was evidence of profit-taking. That, expanded until it engulfed most areas of the list. Prices were thoroughly mixed at the close with many of the former leaders on the downside.</br></br>Most major divisions we're mixed. Railroads and coppers were down on balance. The oils did quite well and many motion picture issues were ahead.