Some 2,000 of the nation's top businessmen who gathered in Manhattan last week at the meeting of the National Industrial Conference Board took their annual look at the state of the U.S. economy. Their report was still another confirmation that the U.S. is in the early stages of a new boom. The businessmen thought that a steel strike might slow the economy's pace somewhat in 1959's second half, but not enough to take the zip out of industry—or prevent it from hitting new peaks in many important sectors.

As the businessmen met, the latest statistics from Washington underscored their forecasts....

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