WALL STREET: Two-Day Wonder

For a few days last week, Wall Street' brokers thought that the long-ailing stock market had got the tonic it needed. On th first day after the reduction in margin requirements from 75% to 50% (TIME, Apri 4), trading on the New York Stock Ex change hit 1,800,000 shares and the Dow Jones industrial averages jumped 2.4 points. It was the biggest volume since November, best gain since October.

But the market's cheer was short-lived After a second 1,800,000-share day anc a much smaller rise, trading ebbed off and stocks sagged the next two days At week's end they had...

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