WALL STREET: New Financing Adjourned

A Wall Street market player has to be punchdrunk and nearly broke to cheer when the ticker tape stops moving. But last week such an intermission was welcome to the Street. The market turned on its side (at around 115 on the Dow-Jones industrials average) and lay still. Wrote New York Post Columnist Samuel Grafton: "The 'better technical position' assumed by the investor consists of his lying flat on his back in the gutter with one foot on the curb, his eyes closed and his mouth open. In this position he neither buys nor...

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