TEXTILES: Recovery in View

The textile business, as white and flat as a bedsheet for the past two years, last week showed signs of returning to health. Among the best indicators were textile share prices, which closed 50% above their 1958 lows. Since last spring, Burlington Industries has gone from 9½ to 14½, Dan River Mills from 9⅛ to 14⅛, M. Lowenstein & Sons from nf to 15, J. P. Stevens from 17½ to 26.

Investors' optimism was based on facts. The synthetics market has fluffed up in recent months (see chart). In cottons, a fresh burst of...

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