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...expect the recovering economy to regain its former peak: the end of August. If their calculations are right, the recovery would be one of the swiftest in recent U.S. history, following a recession that already ranks (in percentage of decline) as the mildest. Measured by the Federal Reserve Board index of industrial production, recoveries to pre-recession highs since 1919 have taken between five months and 17 months (see chart). If the present recession reached its low point in February, as most economists feel it did, the recovery time now predicted in Washington would set a near record...
...year to $35.4 billion, only 1% less than in 1960. Railway freight-car loadings jumped for the fourth straight week. March retail sales soared to a record high of nearly $18 billion, up 2.6% over the previous record, set in March 1960, while the cost-of-living index held steady for the fifth month...
...With a strong surge, the stock market last week reached an alltime peak. The Dow-Jones industrial average jumped to 694.11, passing the previous record of 685.47 on Jan. 5, 1960. The rise of the industrials signaled the increasing strength of the market. Though broader-based market indexes had reached alltime peaks weeks ago, the industrial index, heavily weighted by capital goods stocks, had lagged a step behind the exuberant pace set by consumer goods and electronics. Now industrials-the classic measure of the market's strength-were beginning to catch...
Defeat & Frustration. Almost every other index attests to Kennedy's personal popularity. In a recent Gallup poll, 73% said they approved of the way he is handling his job, and only 6% disapproved (the rest had no opinion); at the corresponding point in Dwight Eisenhower's first term, a similar Gallup poll showed 67% approval, 8% disapproval...
...Jones aver ages are not accurately reflecting the new market's real steam. Experts point to the rapid price rises of stocks not represented in the Dow-Jones averages, the large number of new highs hit each day. and the movement of Standard & Poor's index of 500 stocks, which has already hit a new alltime high. The Dow-Jones averages also contain many stocks that have not partici pated proportionately in the rise, such as oils, metals and autos...