BUSINESS & FINANCE,WALL STREET: The Old Fever

WALL STREET

In Wall Street, there was a touch of the old fever. Three days in a row the roaring stockmarket pushed sales up to more than 2,000,000 shares. In one wild last hour's trading, 800,000 shares changed hands. Twice the high speed ticker fell behind. Result: the Dow-Jones industrial averages soared to 156.68, highest since the war-begotten boomlet of September 1939. The rail averages kept pace with them. At 51.35, railroad stocks were at their peak since 1937, when the last big bull market fell on its face.

To market dopesters, this was the long-awaited statistical proof that the boom was finally...

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