List Generates Brisk Rally in Heavy Trade: Aerospace Shares in Van
NEW YORK, Feb. 18 (AP) ÛÓ The stock market mounted a brisk rally today with airlines, aerospace issues and electronics advancing. Trading was active.</br></br>Volume increased to 6.07 million shares from 5.59 million yesterday and was the largest since Feb. 10 when 7.23 million shares changed hands.</br></br>Some of the machinery stocks also did well, aided by President JohnsonÛªs idea to give business a $700-million tax break for depreciation of equipment.</br></br>The aerospace defense and the closely-related electronics appeared to benefit from Defense Secretary Robert S. McNamara's statement which described the Viet-Nam situation as ÛÏgrave but by no means hopelessÛÛÓwith the implication that the Nation is going to need plenty of military hardware.</br></br>Of 1367 issues traded, gainers outnumbered losers by the wide margin of 692 to 404. New highs for the year totaled 78 and new lows 11.