Again, Zoom

Possibly unchastened, but certainly cautious, the Stock Market last week edged its way back across the Four Million Shares a Day mark, succeeded in maintaining a bullish, though still rather bilious, complexion. Yet only the memory of its recent crisis, plus the still large, though lately deflated, loans to brokers, could have kept the Market from lowering its horns in another bull stampede. For of bullish portents there was no end:

P: Largest floor transaction of all time was recorded when an unannounced buyer bought a block of 100,000 shares of Simms Petroleum (holding company) at $30.

P: A.T.& T. became a three billion dollar corporation (see col. 2).

P: New Haven railroad stock crossed par for the first time since 1913. It sold at 279 in 1887, at 129 in 1913, at 9 3/8 in 1923, last week at 100 1/4.

P: U. S. Steel Corp. production went from 96% of capacity to 100%; entire industry from 96% to 98%. Jones & Laughlin Steel Corp, Pittsburgh's famed family steelmaker, declared an extra dividend.

P: Calumet & Arizona (copper) Mining Co. increased dividends from $6 to $10; Pennsylvania R. R. from $3.50 to $4.

P: General Electric's first quarter of 1929 broke all records in sales billed, orders and net. The net was $13,862,298, or $1.92 per share.

P: Standard Oil of New York turned in a belated 1928 earnings of $39,645,227-- more than three times its 1927 net. Also late, also large, was Union Pacific, with a 1928 net of $46,108,872, or $18.95 a share compared to $39,665,235 or $16.05 a share in 1927.