Market Rises Sharply; Dow Up Another 7.75
NEW YORK, Oct. 3 ÛÓStock market prices rose sharply again today as investors who had buttoned up their poclcetbooks earlier in the year continued their fall buying spree.</br></br>Analysts said the temporary dip in interest rates had frecdj Wall Street from its preoccupation with inflation, enabling it to concentrate on the good earnings reported by many companies.</br></br>The Dow Jones industrial average advanced 7.75 to 964,55, recording its 12th gain in the last 14 sessions and closing at its highest level since April 11. Standard & PoorÛªs 500-stock index was off 0.01 at 108.78, the average price of a Big Board share rose 2 cents and the NYSE index gained 0.04 to 58.79.</br></br>There were 943 advances and 597 declines among the 1,849 issues traded, and 88 closed at new highs and 12 at new lews for the year.</br></br>Prices on the American Stock Exchange and over-the-counter market continued to move higher in active trading.