Stock Market Pushes Higher Despite Technical Jitters
NEW YORK. Oct. 4ÛÓThe stock market shrugged off a spell of technical jitters today and pushed its wav higher again. Trading activity was heavy, but never approached the near-record levels of Thursday.</br></br>The Dow Jones industrial average, wavering in a range of a point or so for most of the day, settled the issue in the afternoon and moved to a 3.48-point gain at 952.95. That is the highest reading for the average since April. 1966.</br></br>Standard & PoorÛªs 500-stock composite was ahead 0.37 point to 103.71 and the New York Stock Exchange index rose 0.19 point to 58.23.</br></br>The trading pace was frantic enough to force the ExchangeÛªs ticker tape three minutes behind floor transactions in the morning and four minutes late at the close. But. the final total came to 15.35 21.11 million, second highest on record, Thursday.</br></br>The savings and loans, most directly affected by lower mortgage rates, took the opportunity for some profit-taking. Great Western Financial was off half a point to 26U as the most active stock of the day, First Charter gave up % to 36'.t and Imperial Corp. of America lost Vi to 15%.