Stocks Record Further Price Gains; Bulk of Summer Losses Recovered
NEW YORK, Oct. 24 iff).ÛÓ'The stock market took on a somewhat tired look at times this week, but it nevertheless scored its fifth straight weekly advance.</br></br>, ThatÛªs a record for consecutive weekly advances this year. The recovery follows an unbroken six-week I decline that ended with the market at the lowest point of the year in mid-September.</br></br>| The big fall started with the cease fire in Korea. It was sharp. Û¢ Before it ended, Wall Street had convinced I itself that stocks were in a bear mar-1 ketÛÓa market that pointed down.</br></br>! that fall has retraced around three-1 fourths of the previous decline as i measured by the Associated Press ; average of 60 stocks at the present ; Position of $106.80. But the market has retraced less than half the distance back to the peak of the year | reached early in January.</br></br>Of course, nobody ÛÏbuys the av-! erages.Û They buy or sell individual | stocks. And that was very apparent