When Washington makes major economic moves, Wall Street responds with a spasm of stock trading. Last week, at President Johnson's call to restore tax credits for business investment, the market churned through its most frenzied day in 37 years. When it was all over, stocks made only modest gains, but volume on the New York Stock Exchange ballooned to 14.9 million shares, second only to the 16.41 million shares traded on Oct. 29, 1929. The Big Board's two-year-old high-speed ticker, which flashes stock transactions as fast as the human eye can read, fell behind by a record 27 minutes. In...
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