New High

In Wall Street inflation continued on its course last week—the public paid more & more money for what it got. And lots of people, in buying stocks, were betting that inflation cannot be checked, that prices will keep on going up. On the New York Stock Exchange, the Dow-Jones industrial average crept upward to 143.68, highest since May 1940; the utilities hit a new high of 21.35; railroads were close to their May peak. Last month was the busiest June in five years. Ahead were July and August, which have shown rising...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!