THE ECONOMY: Up the Hill

For two weeks, like a hill-climbing car with water in the fuel lines, the New York stock market had sputtered upward in short uncertain bursts. One day last week the lines cleared and it began a steady climb. In the busiest session since mid-July, 1,800,000 shares were traded, with such blue chips as U.S. Steel, General Motors, and Standard Oil (N.J.) leading the parade. The Dow-Jones industrial average rose 3.32 points, biggest gain since the bullish days of last July. At week's end, the Dow-Jones average was 190.19, up 9.78 points in...

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