State of Business: The Bulls Break Through

It took a lot of huffing and puffing, as well as some slipping and sliding, but last week the stock market reached the peak it set 21 months ago, and then climbed to an alltime high.

Last Thursday, Sept. 5, the Dow-Jones average of 30 key industrial stocks closed at 737.98, overtaking its previous high of 734.91 set on Dec. 13, 1961. Even though by week's end it dipped to 735.37, there was no flag ging of buyer interest — daily volume totaled 7,160,000 shares, the largest in 16 months.

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