A New York Stock Exchange seat sold for $80,000 last week, up 57% in three weeks. Brokers' loans, always the best index of speculative interest in the market, rose to $537,000,000, a $22,000,000 increase in two weeks. Trading on the Exchange, however, turned down last week in the reaction which Wall Street always expects as speculators cash in their profits. One day sales volume hit the highest point since October 29, (2,774,320); two days later volume tumbled to the lowest in three weeks (592,300). Dow-Jones industrial averages at week's end stood at...
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