WALL STREET: Historic Week

For Wall Street it was the most hectic week in years. The stock market, which has been sliding gradually downhill for three months, suddenly nose-dived and opened the week with the biggest one-day break since 1955. The Dow-Jones industrial average plummeted ten points to 423.06, lowest level since May 1955. Every major group took a beating in the slump, with drops in such stocks as Du Pont, American Telephone & Telegraph, Bethlehem Steel, Goodyear, Alcoa and all but three of the 25 rails.

Much of the selling was in odd lots (less than 100 shares) from all across the U.S.,...

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