Business & Finance: New Record

U.S. production bounced to an alltime high last week. TIME'S Index reached 178.6 (estimated) in the July 18 period, 1.2 points above the preceding week and 22.3 points over a year ago.

The newest production upturn means that U.S. factories have gotten over their attack of wartime "bends," are now tooled and jigged to really produce. Between Pearl Harbor week and the end of June, TIME'S Index rose exactly 4.4 points—a paltry 3%. Reason: time out for building new factories, converting old ones, installing tools and jigs. Now much of this is done, and TIME'S Index has jumped 4 points in...

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