Business: The Market

On the New York Stock Exchange one day last week 19 steel stocks made new Recovery highs. U. S. Steel went to $59.75 per share, up $7.75 for the week; Bethlehem to $57.50, up $3.13; Ludlum to $32.50, up $3.50; Colorado Fuel & Iron preferred to $45.87, up $3. The industry was operating at only 52% of capacity, lower than a year ago. What encouraged speculators was the fact that in the face of a sharp dip in automobile production, operations had actually risen five points since the year end. U. S. steel...

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