STATE OF BUSINESS: Further Expansion

A standard business barometer is the amount businessmen are willing to spend on expansion. Last week two Government agencies issued figures indicating that businessmen's spending—and confidence —remain high. For 1954. said the Commerce Department and the SEC. businessmen plan to spend $26.7 billion on their plants and new equipment. While the figure is 6% below the 1953 outlay, and slightly below what businessmen expected to spend six months ago, it will still be the second largest capital outlay in history.

Among large corporations, no decline in spending is expected for 1954. The biggest spenders, according to current expectations, will be...

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