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Show STOCKS BACKTRACK 1 TO 3 POINTS IN LAZY SESSION VOLUME FALLS WITH RETREAT: i . By VICTOR KCBANK ' Associated Frees Flnaacasa Editor . NEW YORK. Oct. S Stock market prices backtracked Moo-day Moo-day in the laziest full day's session ses-sion In nor than a month. Leaders dropped fractious to round 3 points at their worst, but finished above their lows. After . a fairly brisk start, at which the trend was lower, volume dwindled. Transfers approximated 800,000 shares. Profit-taking was apparent . throughout the "war Infant" classification classi-fication which benefited by Saturday's Satur-day's abrupt rise. Utilities and a few specialties war fairly resistant resist-ant to the trend, but few got their heads above water. There was little tn domestic news to fores a retreat, brokers said, and the foreign picture remained re-mained about as It bad been Saturday. Sat-urday. The advance m the steel operating operat-ing rate of 87.5 per cent of ca- . pacity from S3J was about In lino with expectations. The American Iron and Steal In- stitute reported August payrolls In the Industry were the highest for any month In nearly two years. Preliminary estimates of rail- . road freight earloadlngs for last week Indicated the nation's carriers car-riers did soma of the best hauling for many months. Some of the amusement stocks, such as Loew's and Paths, added small gains. Off In the curb wars Humble Oil and E. W. Bliss. ' . |