STATE OF BUSINESS: Facts & Figures, Dec. 13, 1948

Steel. Steel production hit an alltime weekly high at 100.1% of rated capacity.* Production at 1,804,300 tons was 13,000 tons higher than in the week of April 24, 1944, the wartime peak.

Radio. Directors of RCA promoted Frank M. Folsom, 54, from executive vice president to president, on the say-so of Chairman David Sarnoff, who has been doubling as president. A merchandising expert for over 30 years, Folsom was once a vice president of Montgomery Ward, served as assistant chief of Navy procurement for nearly two years during World War...

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