Time Clock: Apr. 7, 1961

BULL MARKET pushed stock trading in March to 118,034,886 shares on New York Stock Exchange, a record for March and biggest volume since July 1933. American Stock Exchange trading also reached new high of 63,370,985 shares.

BIGGEST TAX BITE in world is in West Germany, where taxes take 34% of gross national product, v. 29% in Great Britain, 26% in U.S. But a new British study shows top-bracket earners in Germany keep 47% of earnings, v. only 9% in U.S.

2,000-M.P.H. JETLINER will be developed by Government. President Kennedy asked Congress for $12 million for use by Federal Aviation Agency in studying plans...

Want the full story?

Subscribe Now

Subscribe
Subscribe

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 TIME.com

Learn more about the benefits of being a TIME subscriber

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