Stock Market In Sharp Rise: Tape Again Runs Behind
| NEW YORK, Oct. 16 CAP)! [The stock market roared back! !with vigor to post a major advance today after extending its! irecent sinking spell through,1 finuch of the day.</br></br>Leading stocks closed upi fractions to $2 a share or more.! This was a direct reversal ofi the picture at midday when I losses extended to beyond $2.</br></br>Dow Jones industrials closed at 540.11, up 3.97. At noon this average was off 4.49, at 531.65. (Detailr on Page C9) ' NEW YORK, Oct. 16 CAP)ÛÓA late buying drive put a gyrating stock market sharply higher today and almost erased yesterdayÛªs loss.	-</br></br>After two days of sharp decline and hours of up-and-down movements, prices found vigorous support in the final hour.</br></br>The performance followed a boost in margin requirements. to 90 per cent from , 70 per cent by the Federal Reserve Board. | Wall Street traders feared such an increase in the down payment rules and had talked about it so much that the action proved an anti-climax.