Stocks Close Mixed After Gaining: Late Profit Taking
NEW YORK, July 24 (AP)ÛÓLate profit taking rubbed out some early gains and left the stock market mixed today.</br></br>A smattering of specially situated issues still managed to rack up smart gains. Brokers blamed the afternoon price erosion on normal pre-weekend proni taking and invesiui caution prompted by recent sharp advances. Trading activity dwindled when prices skidded. Transactions totaled</br></br>The market rushed higher at the start but, when the upswing failed to gather momentum, prices faltered slightly.</br></br>Steels showed renewed strength with Youngstown Sheet A: Tube pacing the group by picking up 2 after the company reported a sharp upturn in first half profit. Many aircrafts also stepped higher. Rubbers, electronics, metals, chemicals, oils, tobaccos, utilities and'railroads were mixed.</br></br>The Associated Press average of 60 stocks dipped 10 cents to $231.80 with the industrials up 10 cents, the rails down $1 and the utilities up 20 cents.