Stocks Post Slight Gain for Week: But Trading Is Mixed
NEW YORK, Nov. 7 (AP)ÛÓTlie independent automakers and a selection of other issues made hay in this week's stock market, which was a confused and mixed affair despite a slight gain in the popular averages.</br></br>Thanks to a vigorous rally Friday ÛÓthe only one of the weekÛÓthe Associated Press average also moved ,up. The AP 60-stock average advanced 40 cents to $224.80.</br></br>The Friday rally, however, was not enough to keep losers from overbalancing gainers to the tune of 653 to 601. New lows for the week totaled 116 and new highs only 62.</br></br>American Motors and Studebaker-Packard, both common and when-issued, dominated trading. These three stocks accounted for more than lli million of the 13,883,970 shares traded during the week on the New York Stock Exchange.</br></br>AMC spurted another 8Vi points, making it by far the highest-priced auto stock on the Exchange. Although it had a drop of 6Vi on Thursday. Studebaker-Packard added another 2%.