Salt Lake Telegram | 1948-12-22 | Page 27 | Market Closes at Standstill

Market Closes loses At AI Standstill NEW V YORK Dee Dec 22 UP The LP-The Tc 1 The stock market closed cosed just about where It i started after a day of Irregular ir irregular ir- ir regular ar price movements Most Issues s 's strayed ayed only frac fractionally from Tuesdays Tuesday's final final nal prices Gains and losses were p pretty evenly distributed with many stocks swaying between the plus and minus columns Turnover was at about the same rate as in recent sessions or around shares Switching from one stock to buy another once again bulked large in the days day's bu business iness Tax Ta sales continued to come COliC into the market but their pressure was wa mild mid Nickel PIa Plate te common gained more than a point at one time on word of a a. dividend on arrears on the preferred Among the steadier issues were U U. S S. Steel Bethlehem Steel Chrysler Sears Roebuck Consolidated Consolidated Con Con- Natural Gas American Smelting American Can Westinghouse West Vest Electric American Amerian Tobacco To To- bac bacco o Standard Oil Oi N. N J. J American Air Lines and United Air Lines Texas Texa Gulf Sulphur took a bad spill spi losing around 4 points point