List Stages Mild Rally in Heavier Trading: Dow Index Inches Up 1.32
NEW YORK, July 29 (AP) ÛÓ The stock market staged a mild rally today following seven sessions in which more stocks fell than rose.</br></br>Trading perked up, with volume at 4.05 million shares compared with the very low 3.89 million of yesterday.</br></br>The groundwork of the rise was laid yesterday when stocks showed increasing resistance to further retreat and when the lifting of selling pressure was highlighted by slow trading.</br></br>After a mixed start, the list began to move higher, but it reached its best level in early afternoon. Prices were trimmed thereafter.</br></br>The Dow Jones industrial average, which had been up as much as 3.05, closed with a net gain of only 1.32 at 838.67.