Salt Lake Telegram | 1950-02-10 | Page 29 | Selling Wave Trips Mart

Wave Trip t MI art NEW V YORK Feb 10 UP The jP-The The s stock tock market tripped over afternoon after after- fl noon selling Friday Final quotations showed a thorough thorough thor thor- o ough ugh mixture of gains and los losses cs w with wih ith losses weighing weighing- a little more h heavily in the price scale scle An opening opening rush of oC demand l lifted prices fractions to a point I o or r so with much of the buying f focused on the television radio g group roup In 10 minutes or so o buyers were satisfied trading slower an and many of o the largest gains were t trimmed rimmed Early in the afternoon seln selling b became a oit Dit more marc persistent and and many of the markets market's usual leaders leaders lead lead- e ers rs fell fel back for losses running to toa toa a point or so Motors and rails rais s slipped lipped with steels Trading picked up on the slide somewhat of oC a novelty in markets mar mar- maY maY- l these days only days only to contract again late in the session when the price level appeared to have found a bottom Turnover for the day dav hit hita a rate of about shares for forthe forthe the thc full session a very comfortable days day's business Some of o the highly popular television radio-television stocks s dropped back with the rest although on the whole this group held up fairly well wel Still Sti up around a point were Phi Philco co Zenith an and Magnavox