List Sags Despite Rail, Blue Chip Strength: Texas Gulf Still on Rise
NEW YORK, April 20 (AP)ÛÓThe stock market sagged irregularly today despite strength in rails and selected blue chips. Trading was active.</br></br>it was another big day for Texas Gulf Sulphur as enthusiasm continued over its mineral find near Timmins, Ontario. The Toronto stock market had another wild session based on buying of stocks with properties nearby.</br></br>The rails seemed to take heart from a White House statement that Federal mediators have reported some definite gains in negotiations aimed at averting a Nationwide railroad strike threatened for this weekend.</br></br>The Associated Press average of 60 stocks dipped .3 to 306.4 with industrials off 1.1, rails up .2 to a record peak and utilities up .3 to a high for the year.</br></br>ing for nearly an hour and then sold on initial blocks of 75,000 and 10,000 shares. It repeated its role as most active stock, rising 2 to 42% on 378,500 shares.