In Wall Street's big post-election boom, stock prices last week surged close to the 1929 alltime high. For five straight days, the stock market climbed into new high ground; time and again the high-speed reporting tape fell behind floor transactions as traders snapped up stock.
All through the list, from A (for American Locomotive, up 1⅛ to 16½) to Z (for Zenith Radio, up 4¼ to 82), stocks swept ahead during the week.
Steels were particularly strong, with Bethlehem up 8¼ points to 93¾ and U.S. Steel up 4 to 63. International Business Machines jumped 21½ points to 340, an alltime...
To continue reading:
or
Log-In
