Further Gains Racked Up in Active Buying: Dow Industrials Pass 650
NEW YORK, \ov. 28 (AP)-'The story of today's stock market was more of the same: Higher prices amid heavy trading.</br></br>The price trend was up and the trading pace fast from the very start. Most issues reached their best levels around mid-day and some cave up small fractions after that.</br></br>This was the fifth Cain in seven sessions and it carried the Dow Jones industrial avcrace past the 650 mark for the first time since mid-May. Some analysts believe the 650-660 level in this average will represent the upper limits of the current rally, now well into the fifth week.</br></br>Steel issues, which have been depressed for months, retained their place as market leaders. Also in demand were electronics, rubbers, drugs and mail order-retail stocks.</br></br>Both the Dow Jones industrials and the Associated Press average of 60 stocks closed at their highest level since May 16. The AP average was up 1.2 at 240.2 with industrials ahead 1.6, rails up .4 and utilities up .7. The last higher closing on May 16 was 241.5. The Dow Jones industrials were up 3.80 at 651.85, the highest