LABOR SHORTAGE is pinching industry. Business is so good that the Labor Department lists only 19 labor surplus areas (e.g., Philadelphia, Fall River, Mass.) around the U.S., the lowest number since 1953. In Chicago, Los Angeles and half a dozen other cities, good jobs in such industries as shipbuilding, aircraft and farm machinery are going begging.

STOCK-SPLITTING WAVE is rolling higher. Montgomery Ward proposes a 2-for-1 of its 6,502,378 shares (now selling around $100), will also boost its quarterly dividend from 75¢ to $1 on present shares, and hand out a year-end extra...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!