WALL STREET: Bull Market

The boom was on. Day after day on the New York Stock Exchange last week, stocks surged upward in a roaring, old-fashioned bull market. Brokers sweated ecstatically through two 2,000,000-share days and even one 2,517,340-share day, the busiest in over a year. Typical of the furious buying & selling: 1,111,570 shares changed hands in two hours, and twice during the week the tickers lagged. Up went the Dow-Jones industrial averages to 147.28, highest since May 10, 1940, when the Nazi strike into the Lowlands started the market on a long slide down. The rail average rose to 41.23, a seven-year...

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