Stocks Churn Unevenly in Lively Trade: But Gains Exceed Losses
NEW YORK, Nov. 27 (AP) ÛÓ Crosscurrents resulting from yearend profittaking and tax-loss selling dominated the stock market today, pulling this issue up and pushing that one down.</br></br>The end result was a mishmash of plus and minus signs, most of them preceding fractional gains or losses. A goodly number of blue chip issues were up or down 2 or 3 points, however, as investors, traders, mutual funds and other institutional interests made their transactions.</br></br>Whether sales were made to cash profits on the 1961 movement, or to establish a loss for tax purposes, brokers said, 'he proceeds often were employed for other purchases. This pushed volume to 4.7 million shares compared with 4.02 million last Friday.</br></br>The selectivity of the market was illu-ustrated by the fact gainers outnumbered losers, but only one of three popular averages showed an advance on the day.</br></br>There were enough declines among pivotal issues, however, for the Associated Press 60-stock average to decline 0.20 to