What the Market Showed

By the middle of last week, the New York stock market seemed to be over its V-E day jitters. The slump, which began March 9 when U.S. troops jumped the Rhine, seemed to have hit bottom. For six days, stocks had climbed slowly. Then came the news of the President's death.

At first, on Friday morning, stocks slipped. Then the utility stocks, hardest hit of all by New Deal reforms, began to climb. The rest of the market scrambled after them. At the end of the 1,800,000-share day, busiest in weeks, the utilities were at 29.25, a seven years' peak.

Next...

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!