TV Fever

The glamour of television has kept the industry's stocks well out in front of 1950's bull market. But even bulls were amazed at the scramble to buy TV stocks last week. What started the rush were reports by Admiral Corp. and Motorola Inc. that their first-quarter sales were double and their profits triple the rate for 1949's same period. The stock of Motorola, which reported estimated earnings of $3.50 a share for the first quarter, shot up 8 points in one day's trading to 50⅛. Admiral, with earnings of $2.08, saw its stock rise 3¼ points to 37⅞ and help...