Stocks Nearing 1000 Mark As List Advances Modestly
NEW YORK, Jan. 18 (AP) Big Three motors, steels, aerospace issues and electronics were prominent as a boiling stock market moved upward again to historic peaks fcodav.</br></br>Buoyed by an assortment ol glowing economic reports stocks moved upward from the start, weathered some very sharp profit taking in the afternoon and ended with a fairly good gain on balance.</br></br>The Wall Street atmosphere was given a further note of excitement by the approach oi the Dow Jones industrial average to the level of 1000.</br></br>The Dow industrials today made another record closing high as they rose 4.45 to 994.20. Some technicians could claim that the average actually made 1000 because the intra-day high was 1000.50ÛÓbut this figure is compiled by averaging together all the highs made by the 30 component stocks during the day, regardless of when they were made.</br></br>At no time during the session on the basis of the regular half-hourly reports was the average any higher than 994.37, its reading at noon.