The Boom

Behind the massive, grimy walls of the Toronto Stock Exchange last week, the quotations flashing across an .illuminated screen spelled out record news. The key index of 20 industrial securities jumped to a high of 347.55--well above the peak of 338.62 reached during last winter's bull market and by far the highest reading since the index was established in 1934.

The spurt, helped along by the threat of renewed fighting in Korea, reflected the booming expansion of Canada's economy to meet the needs of Western defense. Since the beginning of the year, the value of listed stocks on the Toronto exchange has climbed from $10.2 billion to $12 billion. Last week, with the announcement of a new ore discovery, Quebec Copper soared from $1.35 to $2.95. Canadian Pacific, Canada Cement and the Aluminum Company of Canada all hit new 1951 highs.

This file is automatically generated by a robot program, so reader's discretion is required.