Wall Street: Bullish Mood

"The market is terribly high—and it's going higher." So last week predicted J. Eugene Banks of Brown Brothers Harriman & Co., reflecting Wall Street's widespread belief that its new bull has hardly begun to frolic, and that the Street is in for a long market rise. Although stocks backed and filled for most of the week, the Street's excitement was kept up by the upsurge in rail shares. Rails broke through their previous high to reach 150.81, thus, according to the Dow theory, "confirming" the signal four weeks ago of the Dow-Jones...

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