Stocks Gain For 3d Day Dow at 819
NEW YORK, Oct. 6(AP)~ Led by the glamor issues, the stock market moved ahead again today, largely on hopes for lower interest rates. The closing Dow Jones average of 30 industrials was up 6.45 to close at 819.66, rising from a mid-session low when the index was about two points higher than Friday's close. Gainers led losers 928 to 391 among the 1,765 issues traded on the New York Stock Exchange.</br></br>Analysts said todayÛªs market, despite profit taking, continued the momentum begun last Thursday. Sparking the rally has been speculation that the Federal Reserve has eased off on its monetary policy.</br></br>Treasury bill rates were again easier today, at 6.21 per cent bid, reflecting the generally lower interest charges in the short-term market.</br></br>"Theimportant thing is, will the glamors communicate to the rest of the market and get the whole thing going,Û said Larry Wachtel of Bache & Co. Glamors marked the dayÛªs gainers, and volume remained less than desired for any sustained upward move, the analyst said.</br></br>Texaco; down 3'a at 23 s.a, was the most-active Big Board issue. Its chairman called for federal help in raising the money needed for energy independence.