Late Recovery Drive Cuts Into Decline: Losers Edge Gainers
MOW YORK, Sept, 17 (AP)ÛÓThe stock market declined grudginly today, a late rally erasing many losses. Trading was active.</br></br>volume was 6.62 million shares comparec with 7.42 million yesterday. The Dow Jones industrial average took a minoor loss of 2.19 at 92.99.</br></br>At mid session the Dow Industrials were off 4.88ÛÓmore than twice their net loss at the close. A recovery drive got under way and was moving fast by the time the final bell rang.</br></br>Stocks were laboring under certain difficulties. First, there was a long string of almost uninterrupted advances behind them. Secondly it was a pre-weekend session and profit taking was the normal expectation. Third, many investors were robbed of their usual financial news because of a newspaper strike in New York City.</br></br>The late recovery of selected blue chips allowed the broadly-based 500-stock index of Standard & PoorÛªs actually to post a gain of .03 at 90.05.