DOW RISES BY 15.25, TO NEW HIGH
Increasing hopes of lower interest rates sent the Dow Jones industrial average up 15.25 points yesterday, to a closing record of 1,249.19, in accelerated trading. Powering the advance was heavy buying by pension and insurance funds in the recently strong blue-chip, transportation and technology issues. In the last three sessions, the key indicator has soared 34 points. Turnover on the New York Stock Exchange climbed to 103.1 million shares from 85.6 million the day before. The volume was the largest since 114 million shares changed hands on Sept. 12.
