| Show Sloth Market I Coes Lowe Lwe NEW NEV YORK Nov 27 7 The UPI T The stock market closed in lower price territory Monday after a late rally raly I was clipped in the final minutes Prices again were on the decline I at the finish Many early losses were sere reduced or eliminated before the r recovery covery petered petered out out Chemical stocks were In the forefront of the recovery move establishing gais gains ranging langing up to 1 75 a a. share for Allied Chemical and 1 37 for foi Union Carbide Copper and metal mining Auto auto- Automobile automobile uto- uto mobile mobie television radio and railroad railroad rail rail- rai- rai road shares lagged unable to overcome overcome overcome over over- come entirely the effects of early weakness A big batch of selling orders at atthe atthe atthe the opening did most of the damage damage dam darn age and after the first half hour the market began began a creeping forward forward forward for for- ward movement mo Success of or the Red forces' forces counterattacks counterattacks coun coun- against the against the United Nations Nations Nations Na Na- army in Korea and Socialist gains gams in an election electon in the Bavarian states of western estern Germany were ere the most potent factors in sending pi prices ices into a tailspin at the Che start start Favorable corporate news plus pills continuing confidence that there would be no excess profits tax enacted at the current lame duck session of congress helped to set the revival in motion moton Trading was light both on tile the way down n and up again and volume volume vol vol- vol- vol ume time was aa at the rate of about shares for the full fun session ses ses- sion slon sion Trimmed were eie were Bethlehem Steel General Motors M Montgomery o 0 n t g go o rn mer e r y Yard Ward Philco Phico American Smelting American Can Union Pacific and Nickel Plate Higher prices were paid for Republic Republic Re Re- public Steel Goodyear Sears Scars Roebuck Roebuck Roe Roe- buck Air Reduction International Paper American Locomotive and Baltimore t Ohio I |
