List In Rut; Steel, Rails Edge Higher
\ NEW YORK, June 3 WlÛÓModi' est strength in steels stimulated > the stock market into a recovery Û÷ movement today that erased a åÈ major part of early losses.</br></br>; Throughout the day the mar-. ket was under the influence of 5 developments in the second day j of the industry-wide steel strike.</br></br>Ûª Steel stocks started steady \ and improved as industry sources indicated the chances were good Ûª for an industry-union meeting j shortly. Railroads, which stand i to lose substantially revenue as I the result of a prolonged strike,</br></br>I The Associated Press average > of 60i.stocks closed unchanged at , $103.10 with railroads up 20 cents , and industrials and utilities each unchanged.</br></br>! Volume contracted to 940,000 ; shares, among the lower totals 1 this year, as compared with 1,-| 190,000 shares aded yesterday.