New Look on the Bear

The market had been moving slowly, like a sputtery pinwheel. Last week it made a mild swoosh.

General Motors started the fireworks. On the heels of brighter-than-expected earnings reports from many a big company (TIME, Feb. 10), G.M. announced that it would again pay a 75^ dividend, dropped to 50^ in the first quarter of 1946. Up went G.M.'s stock with a five-point leap. Up, too, went most of the other stocks on the Big Board.

By week's end, with strong support from commodities (zero weather and gloomy spring crop forecasts, plus heavy...

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