STATE OF BUSINESS: Boom

In Month I of War II U. S. production jumped from 102% of the 1923-25 average to 110. Beginning of Month II, production was around 115, headed for the 1937 peak of 118. Guarantee of its getting there is the fact that the output of U. S. industry is sold out until the end of the year, that most industries have stopped booking orders, are concentrating on making deliveries.

Steel. Typical of industries no longer making sales last week was Steel, whose customers will be amply stocked against any possible famine if only...

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