Heavy Trade Highlights Scrambled List: AT&T Active on Dividend
NEW YORK, Nov. 17 (AP)ÛÓSpecial situationsÛÓincluding a dividend increase by American Telephone and a dividend omission by American Motors ÛÓ featured an otherwise dull stock market today. ÐÊ</br></br>Steels, utilities and nonferrous metals leaned to the upside. Motors, mail order-retails, electronics, rails, airlines and tobaccos declined.</br></br>The How .rones average of 30 industrials inched up 0.06 to 950.57. The Associated Press 60-stock average rose .3 to 355.7 with industrials up .4, rails off .2 and utilities up .8. Standard & PoorÛªs 500-stock index gained .19 to 92.110.</br></br>American Telephone, which boosted its quarterly dividend on common stock to 55 cents from 50 cents, advanced 1% to 64%.</br></br>U.S. Rubber, which announced plans for a 2-for-l stock split and a higher dividend, advanced 1% to 70%.