Stock Gains Ascribed to Many Factors
j NEW YORK. July 12 W>.ÛÓ I Widely diversified demand for I individual issues put buying pep j into the stock market today and j sent prices higher.</br></br>Leadership of the rise was not concentrated in any major di-, vision but came rather from buoyant stocks responding to , specialized demand. The market had been zig-zagging for five days until it advanced today for the second straight session.</br></br>Foremost, the market hardly hobbled after Korean armistice ! talks were halted when armed j Communists refused United Na- Û¢ tions journalists the right to go to the site of the conference between U. N. representatives and the Reds.</br></br>That indicated to traders that selling because of nervousness over Korean developments probably had spent itself. They also noted the refusal of the list to j decline and stay down after its initial bounce back from the yearÛªs low a couple of weeks ago.</br></br>At the same time economic and business news had been on the bullish side. Steel production established the triple record of new production highs in June, in the second quarter, and in the first six months of this year. And industrial production in June held at the best level since 1945.