For three weeks, war's tremors had sent stocks plunging until almost half the bull market's previous gains were wiped out. Last week, the market caught its second wind, won back the biggest week's gain in 42 years. The Dow-Jones industrial average soared 7.82 points to close at 207.65.
But the market's character had changed. Stocks of companies which seemed most likely to feel the first cutbacks in civilian production (notably television) made little headway. The big demand was for shares of aircraft, oil, steel, railroad, rubber and other industries likely to get war orders. The railroads, which had lagged far...
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