Interest Kate News, Inflation Worry Battle on Wall Street to Slight Gain
NEW YORK, July 8 (AD ÐÊ ÛÓThe stock market, happy 8 with the downward course !Û¢ of interest rates but not so sure about inflation prospects, settled for a slight gain in an active session today.</br></br>The Dow Jones average of 30 industrial stocks inched up .82 to 91)1.88 after showing a peak reading of plus-3 early in the session.</br></br>Nationwide turnover in NYSE-listed issues, including trades In those stocks on regional exchanges and in the over-the-counter market, came to 25.06 million shares as of the close in New York.</br></br>The session got off to a strong start amid considerable optimistic talk about the interest rate outlook.</br></br>Short-term rates in the money markets declined for the second day in a row, and there were indications that the Federal Reserve had re- laxed its credit policy a bit. There was additional favorable news for the market at mid day when Ford Motor restored its quarterly dividend to the 80 cents a share It last paid in the first quarter of 1975.