STATE OF BUSINESS: Record Beginning

A happy blend of year-end confidence and year-opening optimism brought a new high for the stock market last week. When the closing gong ended trading on Dec. 31. the Dow-Jones industrial average stood at an alltime record of 583.65. The year's gain in dollar value of the more than 5 billion shares traded on the New York Stock Exchange was the largest in the Big Board's 166-year history, rising to about $275 billion from $196 billion at the end of 1957. Stock Exchange transactions totaled 747,058,306, the largest volume since 810,632,546 shares...

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