STATE OF BUSINESS: The First Robin

Like a winter-weary farmer watching for the first robin, the auto industry has been nervously looking for signs of a spring upsurge in sales. Last week the robin appeared. New-car sales for the last week in February, announced Ward's Reports, "shot to the highest level in seven months, heralding the awaited spring market upturn." Ford announced that retail sales of Mercury, Lincoln, Ford and Continental for the first two months of 1957 totaled 293,008, the greatest in its history for the period.

The auto industry's good news was accompanied by other harbingers of a healthy spring for the nation's economy. Despite...

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