Stocks Rise Then Slip Amid Profit Taking In New York
Stocks rallied to new recovery highs in New York trading but soon fell back as profit taking and short selling returned. Bonds showed irregulars while rails rose modestly. O S Steel gained to 93½, Allied Chemical slipped after an early upturn, American Telephone saw sales, and Woolworth traded higher on news of a securities sale by its British subsidiary.
MENTIONED IN THIS ARTICLE
New York
0. S. Steel
Allied Chemical
American Telephone
Ralls
Woolworth
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al Aero
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