The baby bull market took a breather last week. After hitting a new high of 190.44 in the Dow-Jones industrial average, the market sagged, then surged up again to 190 at week's end.
Wall Street's bulls were not worried by the lull. A mild reaction, they said, was natural after ten successive days of rising prices. What heartened them was the fact that trading slumped off when prices did, and perked up when prices rose. Brokers were as happy as larks; the turnover of 13,372,338 shares made the biggest week this year.
Emil Schram, president of the New York Stock...
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