After an uninterrupted advance during most of the summer, steel operations dropped a half point last week to 50% of capacity. Demand from the automobile industry was slackening as motor-makers retooled for new models. But like most businessmen, steelmasters were less interested in current figures than in speculating upon the aftermath of Labor Day, traditional turning point in the trend of trade. This year forecasts of an autumn upswing are almost unanimous, and corporations large & small are being groomed for better business.
Most conspicuous grooming done...
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