Traders Sell Up and Push Market Down
NEW YORK (AP>ÛÓThe stock market posted a moderate loss yesterday, giving up on an early advance amid selling by traders cashing in on the sharp gains of the past several weeks.</br></br>The Dow Jones average of 30 industrials, up more than 4 points at the outset, showed a 4.51-point loss ot 824.58 by the close.</br></br>New York Stock Exchange volume dropped off to 34.68 million shares from 42.68 million on Friday. Nationwide turnover in NYSE-listed issues, including trades in those stocks on regional exchanges and in the over-the-counter market, totaled 38.43 million shares.</br></br>Pan American World Airways, the most active NYSE issue, was off % at 7. In recent weeks, the stock had run up from around 5 to a peak of 7% on Friday.</br></br>Boeing, another strong performer lately, dropped % to 4616 in active trading. The stock has doubled in. price over the past year.