State of Business: Sun & Shade

Snapping out of its September lethargy, the U.S. economy once again spurted ahead. From the Federal Reserve came the cheering news that the industrial production index had risen by more than one point in October, to 113.1% of the 1957 average, and record auto sales of 21,800 cars a day for the first ten days of November suggested that the rise would continue. Stock prices on the Dow-Jones industrial index reached new peaks on three successive days last week, hit an alltime high of 734.34 before simmering down to 729.53 at week's end. But while the nation's big businesses...

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