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It was a heady night for the stage-struckalmost all of the 300-odd guests at the opening-night party at Manhattan's Hotel St. Regis. Some of them were towering eminences whose very names are magical incantations along Broadway: Noel Coward, Ethel Merman, Gilbert Miller, Lily Pons, Billy Rose. Mingling among the great and irradiated by their greatness were the humble and the hopefulchorus girls and boys from the new show, stagehands and bit players. As Meyer Davis' orchestra blared forth the insistent rhythms of Irving Berlin's Show Business ("There's NO bus'ness like Show...