STATE OF BUSINESS: A Fine Tirrie for All

With the greatest of ease, the bull market kept right on charging up last week. The Dow-Jones industrial average climbed 4.34 points in the best week's rise in over a month. At week's end the average hit a lofty 222.41, highest level in more than 19 years. With the tracks cleared by the end of the railroad strike, the rail average also highballed: it rose 1.40 to 56.96, its best showing in 18 months. The utility average registered an 18-year high at 44.26.

It was a fine week for Wall Street, and even Congress seemed in a mood to do its...