Up jumped stock prices to new highs for Recovery. Up jumped trading to more than 2,000,000 shares per day. Up jumped the price of New York Stock Exchange seats to $135,000, more than twice the Depression low. And thus, for two successive days last week following the release of President Roosevelt's letter to Publisher Roy Howard promising a "breathing spell" for Business (see p. 11), the stockmarket made front-page news.
A Presidential tip is as good for a rousing market rally today as it was in 1928...
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