Wall Street's chronic invalid, the stock market, was sitting up in bed again. The market, which had been edging up, seemed encouraged by the President's inaugural speech (see NATIONAL AFFAIRS). At week's end, the Dow-Jones industrial average had recovered more than half of its 19-point drop following the November election. At 181.54, the industrial average was only 8.65 points short of its pre-election high mark. Even the airline stocks, which had been in the worst doldrums of all, perked up at news of dwindling deficits; their gains outran the market as a whole.

Actually, as The Exchange magazine pointed out, the...

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