Business: Rally

People who believe that pessimism has been the chief drag against business felt better last week. The mercury in the sensitive thermometer of sentiment went shooting up. Warmest of rays was a sensational rally in stock prices. What had started three weeks prior as a slow, creeping advance suddenly became a running, leaping market. In percentages, even the famed Moratorium Market with its 28.9% gain in 25 days was outdistanced. Railroad shares jumped a whopping 58%, utilities 38%, industrials 34%. The market as a whole fattened itself 37% in 22 days, putting...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!