April Showers. In its bullish upswing, the New York Stock Exchange rolled up the heaviest April trading since 1937, and the biggest in any month since September 1946. The total: 34,612,565 shares, a daily average of 1,300,000 in the 26 trading sessions. But at month's end the market sagged; the Dow-Jones industrial averages, at 180.58, were down almost three points for the week.
Sun & Clouds. U.S. bankers, nagged by the inflation-conscious American Bankers Association, were tightening up on credit. For the sixth week in a row, Federal Reserve member banks showed a drop in commercial, industrial and agricultural loans....
To continue reading:
or
Log-In
