WALL STREET STOCKS HIGHER IN LATE MORNING
Wall Street stocks staged a strong
rebound after being hurt by an early round of futures related
sell programs and profit taking. The advance was led by
automakers and a firm oil sector. Special situation stocks
Texaco and UAL were actively traded.
    The Dow Jones Industrial Average, down more than 10 points
in the first minutes of trading, stood at 2415, up 10 late this
morning. Advances led declines by only a slight margin on
volume of 77 mln shares. GM gained two to 83-1/2 and Ford one
to 91-1/8. Chrysler rose 1/4 to 58-1/2. Texaco gained 3/8 to 34
and UAL fell 5/8 to 65-1/8.
 Reuter
