Among the many superstitions of big-league baseball players is the belief that the teams in first place on July 4 will win the pennants. Last week Wall Street traders seemingly fought to see which could get the highest batting average before the holiday. As brokers raced from post to post, the ticker day after day fell behind. Volume reached new peaks as the public all over the U. S. began buying. One day, 1,090,000 shares changed hands in the first hour—heaviest trading in nine months. June, which had promised to produce the thinnest trading since...
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