WALL STREET: Still Higher

The lusty 1950 bull market last week turned in the most impressive performance yet. As the week began, stocks reached a new high mark of 215.81 on the Dow-Jones industrial average.

Then, in midweek, the market proved what many a wary trader had long doubted: that it could withstand a shakeout in the television shares, many of which had soared too far too fast. The shakeout was helped by reports that television's expected summer slump had already started. Although manufacturers promptly announced that they were actually increasing production, leading television shares slumped from two to four points in one day....

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