STATE OF BUSINESS: Loosened Belt

U.S. businessmen have long known that rearmament's tightest pinch on civilian production would come in 1952's second quarter. But last week, when the Defense Production Administration allocated the quarter's supplies of metals, manufacturers learned that the pinch will not be as tight as they had feared. Reason: the "stretch-out"in the arms program enabled DPA to reduce the additional 10% cut in metals which had been scheduled. Instead, steel will not be cut at all; copper and aluminum will be cut only 5% on the average. And even "less essential" producers (aluminum...

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