Stocks Rise for Third Straight Session: Better Sales Help Autos
NEW YORK. Oct. 7 (AIMÛÓTile slock market advanced today fur the third straight session as steels and aulos provided leadership. Trading was moderate.</br></br>The overall rise was not as sharp as it was on the two preceding sessions but constituted a pretty solid performance in view of the fact that caution is always the watchword before a weekend.</br></br>The market was higher front the start, expanding its gains, then slipped below its best as late profit taking cut gains.</br></br>A highly encouraging background note was tiie fact that September auto sales ended a two-month slump and showed a 21 per cent gain over a year ago. As the automobile makers arc the biggest buyers of steel, it was the steel shares that showed the best gains although all Big Three motors ended the day with fractional gains.</br></br>Procter & Gamble, up 4 points, responded to a renewal of rumors that the stock may be split. Oliver Corp. fell sharply and White Motor rose 'r following news that White plans to' take over Oliver's farm equipment business.