Breathing Spell

Like a punch-drunk fighter, the stock-market soaked up more punishment last week. An outburst of selling (3,300,000 shares) that almost equaled the post-Labor Day break knocked the spots out of even the most solid stocks. Typical losses were Chrysler, down 4½ points to more than 51 points below its peak for the year, and Du Pont, down 4¼ to a total slump of more than 54. The Dow-Jones Industrial Index fell to 167.30, lowest in 13 months.

Next day the market bounded back, making up most of the losses and by week's end had become so firm that it actually...

Want the full story?

Subscribe Now

Subscribe
Subscribe

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 TIME.com

Learn more about the benefits of being a TIME subscriber

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