Steels Dip; Rails, Oils Rise
NEW YORK, March 18 (/PI.ÛÓA four-day recovery drive in-the stock market ran out of steam today and prices were thoroughly scrambled at the finish.</br></br>Steels and aircrafts had a lower tendency while coppers together with some oils, rails, and motors were higher. The rest of the list was mixed, although utilities were higher on balance.</br></br>The industrial component today was off 10 cents, railroads remained unchanged, and utilities edged up 20 cents.</br></br>Sperry Corp. was the da'yÛªs most active issue up at 63Vs on 79,200 shares and it was followed by Remington Rand off Vs at 42Vz on 59,900 shares. Company officials announced plans were progressing toward a merger, first disclosed yesterday.</br></br>After the close, the New York Stock Exchange reported the short interest as of March 15 amounted to 2,796,120 as compared with 3,096,964 in mid-February.