Brisk Forenoon Advance
NEW YORK. Oct. 9 (.TÛÓ A brisk stock market rally ran out of gas today but the list managed to close with a slight edge to the upside.</br></br>The market stepped ahead smartly early in the session in a generally anticipated technical rebound from three straight sessions of decline.</br></br>The high-speed ticker tape fell behind briefly in reporting the early rush of transactions. Trading then moderated but picked-up subsequent to President Eisenhower's statement that the United States would begin launching its own space satellites in December.</br></br>Wall Street then had to digest the statement by Neil II. McElroy. the new Defense Secretary, to the effect that a speed-up in the Nation's missile program is being considered but it would not involve a substantial increase in spending.</br></br>In neither Mr. Eisenhower's nor McElroy s statement could investors find much hope for more money being pumped into defense, broekrs said, so there was disappointment which made itself felt in a general weakening of prices.