Market Gains As Trading Is Sluggish: Markets Closed
NEW YORK, April 7 (AP)ÛÓ The itock market staged a modest afternoon advance today after riding out some expected bad news on inflation.</br></br>The Dow Jones average of ,10 industrial stocks rose 4.15 points to 918.88, trimming its loss for the holiday-shortened week to 8.48 points. Gainers held a 4-3 edge on losers at the New York Stock Exchange.</br></br>Trading remained sluggish on the eve of the Easter holiday weekend. Big Board volume totalled 17.26 million shares, against 16.60 million on Wednesday. Nationwide turnover in NYSE-listed issuesÛÓincluding trades in those stocks on regional exchanges and in the over-the-counter marketÛÓ came to 20.40 million shares.</br></br>As the session began, the Labor Department reported that the wholesale price index climbed at a seasonally adjusted annual rale of 13.2 per cent last month for its sharpest vise since October 1975.</br></br>Bally Manufacturing, the dayÛªs most active issue, tumbled 4% to 19-1's on a turnover of more than 770.000 shares. That brought the stock's loss for the week to 9Ûª/a points. Analysts said the drop began in profit taking after the issue's rupup from a low of 5% last year to 29% in March.