Market Drifts In Rut; Trade Remains Dull
NEW YORK, Aug. 22 UP).ÛÓ After five hours of gently wavering prices, the stock market today quietly closed with a narrow range of gains and losses,</br></br>Afew big exceptions were in the high-priced oil division. Superior Oik of California, for example, with tjie sale of only 100 shares gained 15 points at 515. * Volume was restricted at 910,-000 shares as compared with 800,- 000 shares traded yesterday. This was built up considerable by several large blocks moved during the session.</br></br>Three of them were 25,000 shares of Eastern Air Lines off ;% at 23 with a close 23% off Vs, 5500 shares of American Power & Light (ex-distribution) off Vs at 2% with the close the same, and 4800 shares of Rexall Drug unchanged at 5Vs with the close up Vs at 5 Vi.</br></br>The market has been quiet all week since the big break on Mon-, day which sent the Associated) Press average of 60 stocks down in the sharpest break of the year. That was accomplished, however, with volume at only slightly more than a million shares. Since then the market has held steady with volume under the million mark every day since.</br></br>The Associated Press average of 60 stocks today remained unchanged at $107.60 with the industrial component off 20 cents, railroads unchanged, and the utilities up 10 cents. That indicates the mixed nature of the price movement.