Businessmen who have been anxiously looking forward to a fall upturn last week saw signs that it had arrived. The steel industry, heartened by an upturn in orders, scheduled operations at 66.3% of capacity, highest rate since June 28. U.S. Steel Corp. announced plans for a new "multimilliondollar" plant in Utah for making oil and gas pipe, for a battery of 59 new coke ovens at its National Tube Division in Lorain, Ohio, and for improvements at Chicago and Pittsburgh plants.

Many another business took an optimistic view. The American Retail Federation...

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