Wall Street's reaction to events in Cleveland last week could hardly be called a Landon boom. The Dow-Jones industrial stock averages rose 3½ points to 154, utility averages about a point to 32, rail averages less than a point to 46½. Credit for even these gains had to be divided with a big batch of favorable business items, particularly in retail trade, which had been rolling at the best levels since 1930 and was ready-set for distribution of the Bonus, a $1,900,000,000 shot in the retail arm.
But if nomination of Alfred Mossman...
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