Stock Averages Again Mixed for Week: Optimism Still High
NEW YORK, Dec. 9 (AP)ÛÓStock market averages wound up mixed again this week but new highs were made in a number of blue chips and Wall Street in general remained confident that prices would end 1961 in the traditional yearend rally.</br></br>average has advanced 46 times and declined 18 in December. With business on the upbeat, the stock market community was confident</br></br>The Dow Jones average of 30 industrials, however, showed a minor loss of .57 at 728.23. The Associated Press average of 60 stocks declined</br></br>Tlie weekÛªs trading, in fact, had more the appearance of a consolidation than a genuine decline. From day to day. various stocks and groups of stocks found favor or dropped out of favor. Considerable year-end tax-loss selling and switching WÛªas in evidence.</br></br>Steels and autos were strong on the first two trading days but faded later in the week. Savings-and-loan shares recovered sharply as the week