WALL STREET: Down & Up

Not in .years had Wall Street gone through such a hectic week. On Monday, as Wall Streeters gloomed over the Fulbright investigation, stocks had their biggest drop since the start of the Korean war. Industrials fell 9.72 points, to 391.36, back to where they were in early December. Next day Wall Street took cheer from Treasury Secretary Humphrey’s testimony (see below), and stocks bounded up. They ended with a gain of 7.92 points, the largest single-day’s advance since Sept. 5, 1939. In the next two days they crept up farther, ended up the week with a net gain of 3.67 points. It looked as if investors were finally paying less attention to the Washington hearings than to the healthy facts of the U.S. economy.