Business: Renaissance

The broad smiles that wreathed Wall Street last autumn returned one afternoon last week. Four tokens of a renaissance in the stock market had made their appearance:

U. S. Steel common touched 139%, a new high for all time. General Motors common came within two points of its high (150).

Thirty other stocks reached high levels for the year. A Stock Exchange seat brought a new-record price of $155,000—which was $6,000 higher than the last sale; $5,000 higher than the last record.

Discussing these matters on the golf course over the weekend,...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!