Business: Business, Dec. 30, 1957

Across the U.S., 1957 will be remembered as the year with the dip at the end.

After racing ahead at close to 100% for much of 1957, production of all manufacturing industries dipped to 82% of total capacity. Between August and November, production measured on the Federal Reserve index dropped six points to 139. Steel skidded to less than 70% of capacity, though total production, estimated at 113 million tons for the year, almost matched boom year 1956.

Oilmen, grumbling about refinery stocks of 437 million bbl., one of the highest early winter supplies...

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