STATE OF BUSINESS: Winter Tonic

Wall Street traders, who like nothing better than juicy extra dividends, stock splits and fat earnings reports, got their share of all three last week and bid stock prices up accordingly.

The biggest surprise came from U.S. Steel, whose directors late one afternoon boosted the quarterly dividend 25¢, to $1 and announced a two-for-one stock split, the first since May 1949. Next day the rush to buy was so great that trading in Big Steel could not open for an hour and a half; it finally opened at 78, up 5½ points from the night before, and other steel stocks...

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