Motors Spark Late Rally; Prices Mixed: Early Losses Are Shaved
NEW YORK, April 7 (AP)ÛÓMotor shares powered a late stock market rally that put the list almost even for the session.</br></br>Prices of most pivotal Issues joined the rebound to give the market a mixed flavor for the second straight day. Gains and losses swung from fractions to around a dollar.</br></br>Spearheading the motor recovery were Ford, up more than 2 points, and Chrysler, which added a point. American Motors and Studebaker-Packard both tacked on fractions. General Motors dipped a shade.</br></br>Brokers traced the resurgence in Ford to strong institutional buying. They reported this revived interest shored buying sentiment in other sections of the market.</br></br>After opening mixed, the market nosed steadily lower until late afternoon. The recovery then rubbed out a lionÛªs share of the earlier losses.