New York, July 25.
Stocks and business swept forward last week in a joint rise to the best levels of the current year.
While: continuation of the upswing in stocks, which got under way on June 20, was not unexpected, the sharp recovery recorded by various lines of industry exceeded the most optimistic hopes of the Wall Street bulls.
The attitude of the Street as the week closed was graphically illustrated in Saturday's session when a rousing last hour buying wave lifted the industrial average to the best level since October 7, Only 132 of the 1,137 issues traded during the week failed to advance, A total of 889 rose and 116 were unchanged.
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