THE ECONOMY: A Change of View

Wall Street, which has taken a dim view of the economic outlook, last week showed signs of changing its mind. In midweek, a flurry in oil stocks touched off a general wave of buying. As market prices rose, the volume of trading swelled. By the time the Exchange closed, 1,350,000 shares had changed hands and 826 separate issues had scored gains. The Dow-Jones industrial average had risen over 3.5 points to 174.68, the best day's gain since last December. The market continued the rise until, by week's end, the industrial average was at 175.49. What particularly pleased chartists was that...

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