STATE OF BUSINESS: Comeback for Steel

The big bull market, which showed signs of faltering early last week, bounded back at week's end, and pushed the Dow-Jones industrial average up to another alltime high of 394.94, a solid 4.86 points above the week before. Among the leaders were Douglas Aircraft, up 5⅛ one day, and 9 the next, to 113; Houston Oil and Mid-Continent Petroleum each rose more than 7 points. The market was also given a big boost as steel production climbed to 82.1% of capacity, a 1954 peak. Bethlehem went up 9⅜ points for the week, to 104⅛; U.S. Steel rose 2½, to...

Want the full story?

Subscribe Now


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

Learn more about the benefits of being a TIME subscriber

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