STATE OF BUSINESS: Month at the Races

September added over $6,000,000,000 to the value of New York Stock Exchange securities. But last week, stock prices marked time, the Dow-Jones average of 30 industrial leaders fiddled & fussed between the September 12 high of $155.92 and $150 (August 31: $134.41). September's stock buyers wanted to know if they had got ahead of the business procession, if so, how far. One reason why $87.50 seemed a more logical price than $100 for War Baby No. i Bethlehem Steel, was this kind of calculation: the very lowest estimate of September's gift to...

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!