STATE OF BUSINESS: Summer Rise

Wall Street's bull market last week made its biggest weekly jump of 1959. The Dow-Jones industrial average scooted up 15.51 points to close at 654.76. It was well above the previous alltime high of 643.79 set May 29. and more than 70 points ahead of where the average started on Jan. 1. Brokers expected the climb to continue. Not only was business news generally bright, but the record showed that industrials have advanced smartly in July and August in two years out of every three during the 20th century.

Steel stocks were among the strongest, despite the strike threat...

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