Narrow Trading Prevails
NEW YORK, April 25 (å£)ÛÓModerate demand for railroads and motors helped to brace the stock market today, but at the close it was thoroughly mixed and leaning lower.</br></br>Corporate news continued to pour in, and many stocks certainly were influenced on an individual basis. There was no overriding news to influence the market as a whole, however, and it showed it.</br></br>The statistics tell the story rather well. The Associated Press average of 60 stocks was off 10 cents at $187.90. That was a result of a loss of 50 cents in the industrial component, a gain of 50 cents in the rails, while the utilities backed down 30 cents.</br></br>There were only 1160 individual issues traded, narrowest market in nearly eight weeks. Business amounted to 2,270,000 shares as compared with 2,500,000 shares traded in yesterdayÛªs lower market.</br></br>Pennsylvania Railroad was the dayÛªs most active issue up % at 27 on 58,700 shares. Directors raised the dividend to 35 cents from 25 cents quarterly.