WALL STREET: Bull on the Run

The bull market reacted with a snort and a charge last week to the cheery news of stock splits and mergers. By week's end it had smashed records across much of the board. On the Dow-Jones averages, industrials zoomed closer to the magic 500 mark, shot up four points to close out the week at 487.45 and an alltime high. After a slow start, railroads picked up 1½ points on the final day to close at 164.28. Only utilities failed to make headway.

One of the biggest boosts came from Sears, Roebuck & Co. On the last day of trading,...

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