Market Registers Week's Fourth Gain As Corporate News
NEW YORK, June 16ÛÓxne stock market jumped higher at the opening today and flattened out for the rest of the session to finish with is fourth eain of the week and its eighth up day in the last nine.</br></br>The Dow Jones industrial average was up 1.74 points at 885.00. Standard & PoorÛªs 500-stock composite added 0.05 point to 52.54 and the New York Stock Exchange index rose 0.02 point to 51.16.</br></br>With the Midcast crisis gradually fading from consideration in the Street ÛÓ reports were received during the day that some oil operations have resumed in Arab countries ÛÓ economic news too over. And, for a change, there were some bright spots.</br></br>Railroads kept up their announcements of orders for new equipment that have been flowing in since the reinstatement of the 7 per cent investment tax credit. Personal income was reported sharply higher in May.</br></br>Despite the gains in the averages, more stocks fell than rose. There were 580 gainers and 620 losers, compared with 660 up and 567 down on Thursday. New highs fell to 122 from 140 and new lows rose to 36 from 30.