Trading in shares of American Telephone & Telegraph last week received a new impetus when A. T. & T. closed at 2341, giving the company's 13,132,154 outstanding shares a book value of more than three billion dollars. Standard Oil of New Jersey and U. S. Steel have stock valuations of more than one and a half billion, but only General Motors ($3,675,750,000 common, and over four billion with common and preferred) exceeds the A. T. & T. figure.
In spite of its new ranking as a three billion dollar corporation, however, A. T. & T....
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