STATE OF BUSINESS: Up & Up

The bull market kicked up its heels last week, and reached a new high. In 1951's first week of trading, volume topped 3,000,000 shares for four straight days, one of the biggest weeks since the baby bull was born in 1948. With such old reliables as steels and motors leading the way, the Dow-Jones industrial average leaped 4.51 points in a single day, hit 240.68 at week's end, more than five points above the previous peak in November. Much of the surging demand for stocks came from pension funds, investment trusts and other big investors. But even...

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